XRP's Struggle: Can It Bounce Back to $2.50 from $2.45?

XRP: The Great 50 Cent Conundrum

XRP, the cryptocurrency that’s been making waves, or should I say, ripples, in the market. It’s currently trading at $2.45, down 0.65% from its peak of $2.466 on March 25, 2025. The market cap stands at a whopping $142.868 billion, but the 24-hour trading volume has seen a 15.38% drop to $2.778 billion. The circulating supply is approximately 58.15 billion, and the total supply is 99.988 billion. 🤔

Now, the question on everyone’s mind: can XRP recover from this pullback, or is it a sign of things to come? The answer, my friend, lies in the stars… or rather, in the charts. 📈

According to the esteemed analyst Vlad on coinmarketcap, a possible breakout above $2.45 is supported by an inverted head and shoulders pattern. The patterns would target $2.60 or $3.00 market prices. The current market sentiment is bullish with 72.28% long positions and trading volume increased by 60.98%. If the price can break above $2.50, it would create a significant rally and trader interest. 💪

But wait, there’s more! CasiTraders on X has tweeted that XRP is currently forming a tight consolidation on the 4H chart after printing its high at $3.40, setting itself up for a breakout. Fibonacci time analysis and technical analysis indicate the time frames of Time Zone 2 align with the .618 extension, which occurs around March 30th from the $2.70-$3.80 target zone. Key dates in the next month are April 8 for a potential $3.80 high and April 25 at the macro W3 top. June 20th is Time Zone 5, likely representing the overall high for Wave 5. The technicals indicate that an explosive breakout is likely as XRP approaches the apex of its consolidation. 🚀

But, alas, the RSI is at 52.61, showing it is in neutral territory, indicating potential movement either way. The MACD is bearish with a negative histogram value of -0.0240, suggesting that momentum is fading. Traders may want to see the MACD crossover the signal line on the upside for a bullish reversal. Also, the decline in volume on the CoinMarketCap chart suggests buyer interest may be slowly falling, which, if it continues, can accelerate the downtrend if selling picks up. 🚨

And finally, the liquidations: are shorts pulling XRP down? Since November 2024, short liquidations increase (red bars) when the price takes off, especially in December 2024 and early March 2025, which indicates that bearish traders are being squeezed out. You will also notice that long liquidations are increasing (green bars) as of late February 2025, which corresponded closely with the price declining to the area of $2.45. This indicates possible pressure on the bulls, and this pressure has contributed to the consolidation we have observed. If we have continued long liquidations from the earlier run-up, we might see XRP experience further price declines, particularly in the main support area around $2.42. 📉

So, will XRP recover? The answer, my friend, is a resounding… maybe. 😊 The historical neutral RSI and support levels are encouraging, but the bearish MACD and long liquidations are a cause for concern. If selling continues, XRP may test $2.42, while breaking $2.46 may initiate a rally towards $2.50. Make sure you keep an eye on the volume for confirmation. 📊

2025-03-26 09:49

XRP’s Struggle: Can It Bounce Back to $2.50 from $2.45?

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