The XRP price is trying hard to rise above the pivotal resistance, which appears to be crucial to maintaining a healthy ascending trend. However, the token refrains from the required buying pressure, which has kept the levels within the restrictive range.
Key Takeaways
XRP Current Status: The XRP price faced a huge pullback after it underwent a 35% rise in the first few days of the month. Meanwhile, the price is falling to reclaim the bullish range, which raises concern over the next price action. Therefore, the XRP price is now feared to drop by another 8% and reach the demand zone in a short while from now.
Market Performance: XRP is trading at $2.45 and has plunged by over 6.14% in the past 24 hours. The market cap has risen to $142.19 billion with a similar increase after marking the lows around $133.05 billion. While the trading volume decreased over 30.35% to reach close to $9.56 billion. The bullish sentiments are around 88% and the fear and greed index has dropped to 24, suggesting the trader’s sentiments have turned to fear from being neutral.
Technical Analysis: The XRP price had been maintaining a steep descending trend but the current trade setup suggests the bulls are trying hard to reclaim their dominance. The price has dropped below the pivotal support at the 50-day MA and the bulls are failing to reclaim the levels. Moreover, the buying volume remains below the average, which suggests, the price could maintain a sluggish trend below $2.8 for a while.
XRP Price Prediction: After the magnificent rise in 2024, bullish momentum has mounted over the XRP price rally. As a result, the price maintained massive strength even in times of excessive bearish activity. Therefore, the XRP price is believed to maintain a healthy ascending trend for the rest of 2025 and mark a fresh ATH, probably above $4.
Future Outlook: In the coming days, the platform is expected to attract massive liquidity with the approval of an XRP ETF. The increase in attention and adoption is expected to keep up the bullish momentum of the token in the coming days. Moreover, the possibility of a closure to the Ripple and the SEC lawsuit could initiate a fresh bull run toward new highs.
🪙 Crypto Asset
Ripple
💱 Ticker Symbol
💲 Current Price
$ 2.56
📈 24H Price Change
3.74 %
▲ 24H High
$ 2.65$XRP
🔻 24H Low
$ 2.46
Where will XRP Price Head Next?
XRP/USD | Source: TradingView
After the breakout in Q4, 2024, the XRP price surged above $2.8 and since then has been trading within a rising parallel channel
Meanwhile, the latest pullback dragged the levels below the support, while the attempts of the bulls seem to be failing as the price is unable to rise back within the channel
However, the Supertrend continues to remain bullish regardless of the growing bearish influence, hinting towards a potential upswing that could be fast approaching
On the other hand, the Chaikin Money Flow (CMF) is plunging back to 0, suggesting the rising strength of bears while the sentiments are also turning bearish
Moreover, in the long term, the weekly MACD is about to undergo a bearish crossover, which suggests a short-term pullback is on the horizon
Therefore, the XRP price is expected to drop close to $2.2, which may further trigger a strong rebound and test the higher targets$XRP .
