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  • XRP Struggles Below $2.50 Amid Weak Market Signals

XRP Struggles Below $2.50 Amid Weak Market Signals

Key Takeaways

  • XRP once again fails to break through the resistance level of $2.50 USD.
  • The price is currently hovering around $2.37 USD – below the 200-day moving average.
  • Open interest in XRP futures drops significantly – from $5.8 billion to $2.8 billion USD.
  • Technical indicators point to short-term weakness.
  • A breakout above $2.50 USD could pave the way toward $2.75–$3.00 USD.

Resistance at $2.50 USD Remains Firm

Over the past two weeks, XRP has made several attempts to break through the $2.50 USD level – without success. The price is currently trading at around $2.37 USD. The technical picture shows a clear rejection at this zone, accompanied by high selling volume. The area around $2.50 USD acts as a strong supply zone dominated by sellers.

Technical Indicators Signal Uncertainty

The price is slightly above the 50-day moving average (MA) at $2.37 USD, but well below the 200-day moving average at $2.52 USD. This setup suggests an unclear market direction. The Relative Strength Index (RSI) stands at 48.48 – a neutral value, but leaning slightly toward an oversold condition. If the price falls below the 50-day average, a decline toward the psychologically important $2.00 USD level is possible.

Drop in Futures Market Indicates Waning Interest

A look at the derivatives market confirms the uncertainty. Open interest – the total number of open positions in XRP futures – has fallen from $5.8 billion to $2.8 billion USD since mid-January. This decline shows that speculative market participants are increasingly pulling out or waiting on the sidelines. Trading volume also remains subdued, indicating a lack of strong market conviction.

What Does This Mean for the Price Outlook?

If XRP fails to hold the support level at $2.35 USD, a drop to $2.00 USD is conceivable. On the other hand, a solid close above $2.50 USD – ideally with high volume – could reverse the current picture. In that case, a rise toward $2.75 to $3.00 USD would be possible. However, this would require renewed buying interest, which is currently lacking.

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Our Assessment

XRP is currently in a critical phase. Technical analysis shows resistance on the upside and a lack of momentum in the futures market. In the short term, selling pressure dominates. A sustainable upward trend would require clear catalysts – whether through market sentiment, regulatory developments, or fundamental news. Keep an eye on the $2.35 USD level. It could determine whether the next move is downward or upward.

Sources

  • TradingView
  • Glassnode
Casinos: 41
Profile Ripple
Symbol XRP
Coin type Alt Coin
Transaction Speed High
Pros
  • High availability (max. 100 billion coins)
  • Fast and forgery-proof transactions
Cons
  • Criticized for high centralization
Further practical applications
Price $2.09
24h % -2.27 %
7d % -14.41 %
30d % -2.77 %
60d % -32.21 %
1y % 236.49 %
Official Links
Socials X
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Last update: March 28, 2025

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