Will XRP Actually Drop Another 5%? You Won’t Believe What Happens Next!

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  • XRP bulls have valiantly defended the $2 support over the past month, like a group of mothers protecting their kids from a shark in a kiddie pool.
  • But guess what? Rising sell pressure this week might just push the price down more than that once-beloved slice of cake you regret eating.

As I sit here, mentally preparing myself for another day of cryptos and coffee, my screens flash with XRP’s price charts. It’s like a toddler throwing a tantrum—one minute it’s testing $2 support like a kid testing parental limits, and the next it’s slipping on a banana peel of selling pressure. And thanks to legal victories that seem about as effective as a chocolate teapot, the bullish situation for our dear XRP hasn’t improved much.

Meanwhile, Bitcoin [BTC] is flirting with the $83k support level right now, like it’s on Tinder looking for validation. If it bounces higher, maybe, just maybe, XRP will tag along for the ride. So keep your eyes glued to both XRP and BTC trends, because gauging a bullish reversal is a bit like trying to predict the plot twists of a soap opera—you never really know what’s coming.

XRP traders, it’s time to go long, but don’t forget your life vest!

Oh, December! The month when XRP decided to play a game of hopscotch between $2 and $2.5. Here we are a month later, and it’s back at the $2 support level, refusing to break that demand zone like it’s trying to avoid coming out of the awkward family gathering. Sellers just don’t seem to have the gusto required, and honestly, they’ve been about as intimidating as a fluffball puppy.

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The CMF hasn’t fallen below -0.05 in the last three months, which is good news if you enjoy mild chaos—but in the last ten days, it decided to trend lower, giving off ominous signals that those pesky sellers might finally show their teeth. But hold your horses! Even the trend isn’t sticking around for long.

Our faithful A/D indicator refused to abandon ship, remaining steady since early March, indicating sellers are about as dominant as a cat at a dog park. Yet, buyers—oh sweet, hesitant buyers—are sitting around like someone at a singles event awkwardly waiting for someone to make the first move. Our hero, the Awesome Oscillator, has thrown in the towel, proving there’s not a whole lot of trend action going on. What a bummer.

Moving over to the 4-hour chart, it seems like the mood has shifted to gloomy, with bearish signals insisting “you’ll be fine” while conveniently ignoring the storm outside. The A/D is nonchalantly sliding south, the CMF is giving off vibes below -0.05, and the Awesome Oscillator has painted its histogram with shades of red that scream “sell, sell, SELL!”

Tragically, our dear XRP has also slipped below its short-term support at $2.225. Is the next stop a fall to $2? It’s starting to look like another 5% drop is not just likely but as inevitable as someone telling you they’re never eating chocolate again—until they come across a dessert menu, of course.

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Whether XRP can muster the strength for a comeback is shrouded in uncertainty. The daily chart casually hints at a solid defense of the $2 mark—which might inspire some confidence. But oh dear, the bulls are sad little creatures today, and the market sentiment is as gloomy as a rainy Monday morning.

So if you’re brave enough to buy, tread lightly! Sure, going long could squeeze out some profits, but be the responsible adult here—don’t forget your risk management. If we dip below $1.95, well, you might want to throw in the towel and consider shorting instead. You’ve been warned! 😉

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2025-03-30 00:10