XRP‘s Descent into Darkness: Will Price Find a Beacon of Hope?
As I sit here, sipping my coffee, and staring at the charts, I’m reminded of the old adage, “the only constant is change.” And boy, has XRP’s price been a rollercoaster ride lately! Currently trading at $2.05, with a market capitalization of $119 billion, the lowest since March 10, 2025, and December 30, 2024, it’s like the price is stuck in a rut, wondering which way to turn.
XRP
The 1-hour chart for XRP reveals a cautious attempt to recover from the $1.96 level, like a wounded animal trying to find its footing. But, alas, the volume remains unconvincing, signaling a lack of bullish commitment at this micro-level. It’s like trying to get a cat to take a bath – it’s just not happening, folks!
On the 4-hour chart, the broader structure remains bearish-to-neutral, like a ship lost at sea, trying to find its way back to shore. An attempted bounce back failed to breach the $2.10 level, affirming strong resistance overhead. It’s like trying to get a donkey to do math – it’s just not happening, folks!
The daily chart paints a distinctly bearish picture, like a dark and stormy night. Price action has consistently formed lower highs and lower lows following rejection near the $2.999 mark. A significant support zone has emerged at the $1.90 level, tested twice and held, like a lifeline thrown to a drowning person. But, until XRP retests and holds the $1.90 support with a clear bullish reversal, entering long positions may carry elevated downside risk.
All key moving averages continue to flash bearish signals, like a warning sign on a deserted road. Until XRP can reclaim levels above the shorter-term moving averages, any rally attempts should be approached with caution.
Bull Verdict:
For bullish traders, XRP may present a recovery opportunity if price action confirms support above $1.96 with increasing volume and a bullish reversal pattern, particularly on the 1-hour and 4-hour charts. Should the asset reclaim levels above $2.20 and break past the resistance zone near $2.40, a short-term trend reversal could be in motion, especially if momentum and volume indicators turn positive.
Bear Verdict:
For bearish traders, XRP’s technical landscape continues to favor downside risks. The price remains capped below multiple resistance levels on all key timeframes, like a prisoner in a cell, waiting for a miracle.
Read More
- Ludus promo codes (April 2025)
- Cookie Run: Kingdom Topping Tart guide – delicious details
- Unleash the Ultimate Warrior: Top 10 Armor Sets in The First Berserker: Khazan
- Cookie Run Kingdom: Shadow Milk Cookie Toppings and Beascuits guide
- Grand Outlaws brings chaos, crime, and car chases as it soft launches on Android
- Grimguard Tactics tier list – Ranking the main classes
- Fortress Saga tier list – Ranking every hero
- Tap Force tier list of all characters that you can pick
- ZEREBRO/USD
- Val Kilmer Almost Passed on Iconic Role in Top Gun
2025-04-03 22:59