Is XRP’s Bull Run Over? $3 May Be the Last Hope for Bulls: A Deep Dive

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What You Should Know:

  • Last Wednesday, XRP shot up more than 11%, reaching $2.59 after the SEC dropped its case. But, in classic fashion, the party didn’t last. Prices are now stuck between $2.30 and $2.50, like a balloon that’s lost its air.
  • Technical charts are starting to show a red flag – a bearish shift in momentum, courtesy of the three-line break chart and MACD histogram. The bears are waking up from their slumber.
  • The Bollinger Bands? They’re doing their usual dance, mimicking patterns that have traditionally screamed “bull market top.” Uh-oh.

“You’re not bullish enough!” yelled an XRP enthusiast on X last week. I mean, sure, why not get excited? After all, Ripple’s legal drama with the SEC is over, and the weight of the world has seemingly been lifted from XRP’s shoulders. The hopes for an XRP ETF and some talk of XRP joining the U.S. strategic reserve have certainly gotten some hearts racing. 🚀

But hold your horses, because the price action isn’t exactly reflecting all that optimism. Indicators are flashing bright red, signaling that the bulls might be napping while the bears get ready to take over the market. Bearish trend reversal? You bet.

XRP’s price surge to $2.59 last Wednesday was the market’s way of celebrating the SEC news, but since then, it’s been more of a “meh” situation. Prices are stuck in the range of $2.30-$2.50, with traders keeping their fingers crossed that President Trump’s trade tariffs on April 2 won’t cause too much chaos. 😬

Three-Line Break Chart

The first sign of trouble? The three-line break chart. This clever little tool filters out short-term noise, making it a bit of a trend detective. If you see a new red bar on this chart, consider it the market saying, “Yeah, we’re switching sides.” And guess what? XRP’s chart has a fresh red bar, suggesting the bull party might be over.

When a green bar appears, it’s a bull reversal. When a red one comes in? The bear train has arrived. And sadly, XRP has the latter, which has held firm since the SEC news dropped. We’re talking weekly time frames here – because, you know, big picture stuff.

This shift in momentum isn’t exactly groundbreaking; similar patterns preceded the bear markets of 2021 and early 2018. So yeah, we’ve seen this movie before. 🍿

MACD – The Momentum Whisperer

The MACD histogram, that ever-present mood ring of the market, is now showing deeper bars below the zero line. Translation: Downward momentum is getting stronger. This isn’t exactly the upbeat chart we were hoping for. 🧐

Remember when MACD flipped positive in November, and XRP surged from $1 to above $3? Ah, simpler times. Now, the 5- and 10-week SMAs are crossing bearish, pointing toward a potential downhill ride. Someone grab the brakes!


Bollinger Bands – The Volatility Twins

Next up, the Bollinger Bands – those volatility bands that always seem to predict some level of chaos. After the wild rally at the end of 2024 and into this year, the bands have widened, a classic sign of the market’s heightened volatility.

If history is any guide, a wide band like this usually follows a trend of price declines. Just look back at mid-2021 or early 2018, and tell me if you want to bet on another similar move. The Bollinger Bands know things… but they aren’t exactly offering an invitation to the next moon landing. 🚀


When to Get Bullish Again?

So, when does XRP get its act together? A solid move past the $3 mark, the peak from March 2, could shake off the bearish vibes and bring back the bulls. If not, well, brace yourself for the bearish ride of 2025.

Some dreamers even predict that XRP might hit $10 by the end of the decade. But don’t hold your breath—there’s still a bit of market turbulence ahead. 🐻

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2025-03-25 14:48