Ripple (XRP) price in free fall, is it time for bears to take over?

Jakarta, Pintu News – The price of Ripple XRP8.92%->Current XRP PriceRp 31.4938.92%Market CapRp 2.308 TriliunTrading VolumeRp 262,59 TriliunCirculating SupplyRp 57,18 Miliar has recently experienced a sharp decline after failing to break the $2.50 resistance zone. Now, the cryptocurrency is trying to recover, but it seems to be facing obstacles at some critical junctures. This analysis will delve deeper into the current dynamics of the Ripple (XRP) price and its potential future direction.

Ripple (XRP) Price Drop

After failing to surpass the $2.50 resistance, the price of Ripple (XRP) experienced a significant drop. It dropped below the $2.42 and $2.40 levels, indicating strong selling pressure. There was also a break in the bullish trend line that previously supported the price at $2.440 on the hourly chart of the Ripple (XRP)/USD pair.

It even touched below $2.35 before finally recording a low of $2.329. Ripple (XRP) price is now trying to recover some of its losses, with a bounce back above $2.38. However, it is still below the 100-hour Simple Moving Average (SMA), which could be a bearish indicator if the price is unable to sustain its recovery momentum.

Also Read: Will Ripple (XRP) Surge? Latest Analysis and Predictions for April 2025

Key Resistance and Support

In a recovery attempt, Ripple (XRP) may face resistance near the $2.40 level and the 50% Fibonacci retracement level of the last decline from $2.478 to $2.329. The first major resistance is near $2,420, followed by $2,450. If the price manages to break above $2,450, it could open the way towards $2,50 and a potential further rise towards $2,620 or even $2,6650 in the short term.

However, if Ripple (XRP) fails to break the $2,420 resistance zone, the price might drop again. Initial support lies near $2,350 or the recently broken trend line. The next major support is at $2,320, and if the price breaks below this level, further declines could occur towards $2,20 and then $2,150.

Technical Indicators and In-Depth Analysis

The Moving Average Convergence Divergence (MACD) indicator for Ripple (XRP)/USD is currently showing a slowdown within the bearish zone, which could be a negative signal for buyers. Meanwhile, the Relative Strength Index (RSI) is below the 50 level, signaling that sellers may still have control over the market.

With these technical indicators in mind, investors and traders should be wary of the potential for further declines. It is important to monitor the mentioned support and resistance levels to take the right trading decisions in these volatile market conditions.

Conclusion

The current price dynamics of Ripple (XRP) suggest that the market may still be in a bearish influence. Investors and traders should closely follow price developments and technical indicators to anticipate further price movements. Understanding key resistance and support levels will be crucial in navigating this volatile Ripple (XRP) market.

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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. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. XRP Price Rejected at $2.50, Why Dips Could Be Limited. Accessed on March 28, 2025
• Featured Image: The Currency Analytics