Ripple (XRP) Price Threatened to Fall According to Analysts, Technical Indicators Show Bearishness?

Jakarta, Pintu News – The cryptocurrency market is showing its turmoil once again, this time through Ripple XRP->Current XRP PriceRp 0Market Cap-Trading Volume-Circulating Supply-, which experienced a decline after failing to hold above the $2.00 level. Like Bitcoin BTC->Current BTC PriceRp 0Market Cap-Trading Volume-Circulating Supply- and Ethereum ETH->Current ETH PriceRp 0Market Cap-Trading Volume-Circulating Supply-, Ripple (XRP) also experienced a significant decline, breaking through several critical support levels.

Ripple (XRP) Price Drop

After failing to maintain its position above $2.00, the price of Ripple (XRP) experienced a sharp decline. It dropped below the $1,880 and $1,850 support levels, indicating that bears were still dominating the market. The decline continued until it bottomed out at $1,610, before finally making a correction and rising back past $1,820.

However, the gains stalled near the $1,950 resistance, where the bears again took control. Currently, Ripple (XRP) is under bearish influence trading below $1,850 and the 100-hour simple moving average. This suggests further downside potential if it is unable to break the existing resistance.

Also Read: Bitcoin plummets to $70,000, global tariff tensions trigger investor concerns

Key Resistance and Support

In the short term, Ripple (XRP) faces several resistance levels which if not broken, are likely to trigger further price declines. The first resistance is at $1.850, followed by $1.880 and $1.90. If the price manages to break $1.90, there is potential to reach $2.00 or even higher.

However, if Ripple (XRP) fails to break the $1.90 resistance zone, the price could drop again. The first support is at $1.750, followed by strong support at $1.70. A break below $1.70 could accelerate the decline to the $1.650 level and may even reach $1.60.

Technical Indicators Show Bearishness

The Moving Average Convergence Divergence (MACD) indicator for Ripple (XRP) shows an increase in bearish momentum, signaling that sellers currently have market power. Meanwhile, the Relative Strength Index (RSI) is below the 50 level, indicating that bears still dominate.

With technical conditions trending bearish and a lack of ability to break key resistances, Ripple (XRP) may face further selling pressure in the near term. Investors and traders should be on the lookout for further price movements and consider their strategies carefully.

Conclusion

With the challenges faced by Ripple (XRP), the market may see more volatile price action. Market participants should take note of the support and resistance levels that have been identified and use that information to make informed investment decisions.

Also Read: Can Dogecoin (DOGE) Price Reach $100? Check out the Technical Analysis!

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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 Warning Signs Flash $1.90. Accessed on April 10, 2025
• Featured Image: Coingape