XRP continues to weaken, will it freefall to $1.47? Technical Analysis Shows This!

Ripple XRP5.47%->Current XRP PriceRp 37.5855.47%Market CapRp 2.308 TriliunTrading VolumeRp 262,59 TriliunCirculating SupplyRp 57,18 Miliar, the fourth-largest cryptocurrency by market capitalization, is experiencing a significant price drop. In the past week, Ripple (XRP) has lost 10% of its value, indicating increased bearish momentum. This raises concerns of a possible further decline, along with reduced buyer interest.

Technical Analysis Shows Negative Signals

Since hitting a high peak of $3.40 on January 16, Ripple (XRP) has been moving in a descending parallel channel. This pattern indicates a strong downward trend, where the price moves between two downward-sloping trend lines. Currently, Ripple (XRP) is trading at $2.11, below its 20-day exponential moving average (EMA) which is an important indicator for measuring short-term trends.

Ripple (XRP) is also showing the Chaikin Money Flow (CMF) indicator which is on a downward trend and is expected to break the zero line. This indicator measures the flow of money in and out of the asset and is currently at 0.02. This decline signals reduced buying volume which could worsen the price condition of Ripple (XRP).

Also Read: Bitcoin’s RSI Dominance Down? Crypto Analyst Seth Says Altcoin Market Opportunities Await!

Potential for Further Decline

If new demand remains insignificant, there is a risk that Ripple (XRP) will fall below $2. In that scenario, the price could plunge to $1.47, which is the lowest point last reached in November. This drop would reinforce the bearish trend currently underway and could trigger further declines if there is no change in the market dynamics.

On the other hand, if selling pressure eases and there is increased buying activity, the price of Ripple (XRP) could push beyond resistance at $2.81. This could open up opportunities to reach the previous peak of $3.40 again, but this would require a significant change in the current market sentiment.

Conclusion

With market conditions continuing to show negative signals, investors and market watchers should remain vigilant of the potential for further declines. Ripple (XRP) is currently in a critical phase, and the next steps of market participants will largely determine the future price direction. This analysis is expected to provide useful insights for those considering investing or trading with Ripple (XRP).

Also Read: Will ETH Fall Below $1,500 Before the Market Recovers? Here’s the Price Pattern Analysis! (3/13/25)

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• BeInCrypto. XRP Bears Dominate Market. Accessed on March 13, 2025
• Featured Image: The Currency Analytics