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On-chain data shows the XRP sharks and whales have expanded their holdings to a new all-time high (ATH) with a 10% jump in August. XRP Wallets With 10 Million To 100 Million Tokens Have Set A New Record According to data from the analytics firm Santiment, the XRP sharks and whales have sharply increased their [...]
The post XRP Sharks & Whales Push Bags To ATH As Price Rockets 19% appeared first on Crypto Breaking News.
On-chain data shows the total number of sharks and whales on the XRP network has seen a sharp increase recently, a sign that could be bullish for the asset’s price. XRP Sharks & Whales Have Witnessed Their Count Go Up Recently According to data from the on-chain analytics firm Santiment, the shark and whale wallets have registered a notable jump over the past five weeks. The indicator of relevance here is the “Supply Distribution,” which tells us about the number of addresses that currently belong to a given wallet group. Related Reading: Dogecoin & Other Memecoins Seeing Less Interest Than Bitcoin: Data The addresses are put into these cohorts based on the number of coins that they are carrying in their balance right now. Investors who own between 1 and 10 XRP, for example, fall inside the 1 to 10 coins group. In the context of the current discussion, the 10,000+ coins group is of interest. The cutoff for this cohort converts to around $6,500 at the current exchange rate. This amount in itself isn’t high, but the upper range of the group stretches to infinity, so it should also include heavyweight investors like sharks and whales. The sharks and whales are considered key investors in the market, so their behavior can be to keep an eye on, as it may end up affecting the cryptocurrency’s price. Naturally, the whales are the more influential of the two, due to their larger size. Now, here is a chart that shows the trend in the XRP Supply Distribution for the 10,000+ coins cohort over the past few months: As displayed in the above graph, the XRP Supply Distribution for this wallet group has observed a rapid increase recently. More specifically, around 2,390 addresses of this size have popped up on the network in just the past five weeks. This would suggest that entities like the sharks and whales have been busy accumulating the cryptocurrency. Following the latest increase, the indicator’s value has reached the 279,400 mark, which is the highest that it has been in about six months. From the chart, it’s visible that the indicator’s value had been observing a downtrend earlier in the year, alongside which, the asset’s price had also been riding bearish momentum. The indicator reached a bottom in April, which is around when the asset’s drawdown also slowed down. And since the recent uptrend in the Supply Distribution of the sharks and whales has appeared, the XRP price has also felt the return of bullish winds. “The correlation between these wallets and XRP’s market value has been undeniable throughout 2024,” notes Santiment. Related Reading: Minimal Bitcoin On-Chain Resistance Ahead: Price Set For New ATH? Given the pattern, this indicator should be monitored in the near future, as a continued rise in it could spell a bullish outcome for the cryptocurrency. XRP Price XRP has enjoyed a rally of around 5% during the past 24 hours, which has taken its price to the $0.65 level. Featured image from Dall-E, Santiment.net, chart from TradingView.com
The on-chain analytics firm Santiment has revealed how Shiba Inu and XRP are among altcoins that are seeing a bullish divergence on the MVRV Z-Score. MVRV Z-Score Says XRP And Shiba Inu Traders Are Seeing Losses Currently In a new post on X, Santiment has discussed how the various top coins in the cryptocurrency sector look on the MVRV Z-Score. The “Market Value to Realized Value (MVRV) ratio” is a popular indicator that, in short, measures the deviation between the total value held by the investors of an asset (that is, the market cap) and what they used to purchase it (the realized cap). When the value of this indicator is positive, it means the holders of the given coin as a whole are currently holding net unrealized profits. On the other hand, the metric being below zero suggests the dominance of losses in the market. Related Reading: Bitcoin Crashes To $64,000: Will This Historical Support Hold? Now, here is the chart shared by the analytics firm that shows the trend in the MVRV Z-Score for different top assets by market cap over the past few months: As displayed in the above graph, Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and Toncoin (TON) are all currently in the positive territory of the MVRV Z-Score, suggesting that their average traders are currently enjoying profits. At the same time, XRP (XRP), Cardano (ADA), Shiba Inu (SHIB), Chainlink (LINK), Polygon (MATIC), and Uniswap (UNI) are witnessing their investors carrying a higher unrealized loss than profit. Generally, the investors in profits are more likely to sell their coins, and the likelihood of this profit-taking only increases with more gains they hold. As such, a high MVRV Z-Score has historically led to tops for any cryptocurrency’s price. Related Reading: Cardano Among Alts Likely To See Price Boosts, Santiment Says Of the four assets in positive territory of the indicator right now, Toncoin has the indicator at the highest level, suggesting that a selloff due to profit-taking could be probable for it. In the case of the coins inside the negative region, their prices could see a bullish outlook instead, as there may not be many sellers left for them now. Shiba Inu and Uniswap are particularly seeing the most deviation between the market and realized cap. “If you believe markets are about to surge, history says that buying into assets that traders have experienced the most pain in have a greater probability of netting high returns for you,” notes Santiment. As such, coins like SHIB may be offering the best buying window right now, according to the MVRV Z-Score. SHIB’s Price Analysis Shiba Inu has consolidated sideways over the past month as its price still trades around the $0.0000168 mark. Featured image from Shutterstock.com, Santiment.net, chart from TradingView.com
On-chain data shows XRP is observing a spike in its adoption and network activity. Here’s what this could mean for the asset. XRP New Addresses & Active Addresses Have Both Spiked According to data from the on-chain analytics firm Santiment, XRP has seen two metrics hit the highest levels since March recently. The first indicator [...]
The post XRP Adoption & Activity Spike: What This Means For Its Price appeared first on Crypto Breaking News.
Data shows social media users have been showing a negative sentiment towards XRP, Dogecoin, and Shiba Inu after their plunges in the past day. FUD Has Engulfed Traders Towards These Altcoins After The Latest Crash According to data from the analytics firm Santiment, the sentiment around XRP (XRP), Dogecoin (DOGE), and Shiba Inu (SHIB) has seen a significant drop recently. The indicator of interest here is the “Weighted Sentiment,” which derives its value from two other metrics: Sentiment Balance and Social Volume. The first of these, the Sentiment Balance, goes through posts/threads/messages related to a specific cryptocurrency on the major social media platforms and puts them through a machine-learning model. Related Reading: Bitcoin Could Crash To $60,000 If This Support Gets Lost: CryptoQuant Head This model is able to identify and separate between negative and positive posts. The Sentiment Balance then takes the difference of these posts to find a net sentiment for the market. The other relevant indicator here, the Social Volume, basically keeps track of the degree of discussion that a given asset is receiving on social media. The metric’s value represents the unique number of posts that are making at least one mention of the coin. While the Sentiment Balance on its own does tell us about what the majority sentiment on social media currently is, it doesn’t quite contain information about how many users actually share this sentiment. Activity on these platforms can fluctuate and sometimes only a few posts around the given cryptocurrency may pop up. Even if all of these posts are bullish, it’s hard to say whether they represent what the entirety of the market thinks. The Weighted Sentiment remedies this issue by taking the Sentiment Balance and weighing it against the Social Volume. With this adjustment, the indicator only reflects an overwhelming dominance in either direction when not only does the net sentiment have a high magnitude, but also a large amount of posts are circulating around the asset. Now, here is a chart that shows the recent trend in this indicator for three altcoins: XRP, DOGE, and SHIB. As displayed in the above graph, the Weighted Sentiment has recently plunged into the negative territory for all three of XRP, Dogecoin, and Shiba Inu. This decline in the indicator has come as the prices of these assets have gone through a drawdown. Naturally, these negative values imply the traders on social media have become bearish towards these assets. This FUD, however, can actually turn out to be a boon for the coins. Historically, cryptocurrencies have tended to move contrary to the expectations of the majority. As such, with the Weighted Sentiment at negative levels, XRP and others could be close to hitting a bottom. Related Reading: Bitcoin Mining Cost At $86,700: Price To Surpass This Soon? “Patient traders who have been waiting for the crowd to give up on these large cap altcoins may finally have their buy opportunity with FOMO at a 2024 low,” notes Santiment. XRP Price XRP has seen its price drop to $0.49 after witnessing a plunge of 6% over the past couple of weeks. Featured image from Shutterstock.com, Santiment.net, chart from TradingView.com
XRP is showing renewed bullish momentum after reclaiming the $2.26 level, signaling a potential reversal from recent consolidation. As of writing, XRP is trading at $2.26, marking a breakout above the descending triangle pattern that had capped the assets upside in late April. The overall market is in a bullish phase with Bitcoin’s recent surge. […]
Ripples XRP surged back to $2.42 on May 16 after gaining more than 50% in the past five weeks. The move marks a strong comeback from earlier declines, though the token still trades 30% below its January peak of $3.40. Despite this, analysts are confident that conditions are setting up for a possible breakout. Analyst, […]
XRP has broken down from critical support levels, joining the broader crypto market in a wave of selling pressure driven by growing macroeconomic uncertainty. As risk sentiment weakens, bulls are struggling to defend key zones that previously held firm. Now, the focus shifts to reclaiming a pivotal level that could reverse the recent bearish trend and restore some confidence to investors. Related Reading: XRP Breaks Out Of Head-And-Shoulders Pattern Eyes Move Toward $1.30 Despite the harsh market conditions and price volatility, on-chain data reveals a promising development beneath the surface. According to Glassnode, the XRP network has reached a new all-time high of 6.26 million addresses holding 1 XRP or more. This metric signals growing adoption and distribution, even as prices slide a potential bullish divergence that often precedes long-term strength. The surge in small wallet growth suggests that retail investors are still entering the market, seeing value in XRP at current levels. While the short-term price action remains uncertain, the expanding network base may point to renewed demand once market conditions stabilize. Is this trend a sign of strength or simply a temporary reaction to lower prices? In a market full of fear, such network milestones could serve as a glimmer of optimism for XRPs long-term outlook. XRP Holds Below $2 As Analysts Split on What Comes Next XRP is now facing a critical test just below the $1.80 mark a level that many analysts view as the last key support before a potential steep decline. Market sentiment remains fragile, with bulls under immense pressure and bears steadily gaining ground. If XRP fails to hold this zone, some analysts warn that a sharp drop toward lower demand levels could follow, further weakening investor confidence. The atmosphere is tense and filled with uncertainty. Bulls argue that once broader market conditions begin to recover, XRP could be one of the first altcoins to rebound and reclaim its previous range highs. On the other hand, skeptics believe that XRPs trend has clearly broken down, and a return to bullish momentum could take longer than many anticipate if it happens at all. Despite the conflicting views on price action, on-chain data offers a glimmer of optimism. Top analyst Ali Martinez shared insights on X, revealing that the XRP network is quietly growing stronger. According to Glassnode, the number of wallets holding at least 1 XRP has reached an all-time high of 6.26 million. This surge in network participation could be a signal of long-term strength and resilience. If the broader market stabilizes, such steady growth in network fundamentals may give XRP the momentum it needs to mount a serious recovery. But for now, the $1.80 level remains the line in the sand and all eyes are on whether it holds or breaks. Related Reading: Oversold Altcoins Like Solana Flash Bullish Divergences Are Relief Bounces Coming? Price Struggles Below Key Averages as Selling Pressure Mounts XRP is currently trading at $1.82 after a sharp drop below the 200-day Exponential Moving Average (EMA) at $1.94 and the 200-day Simple Moving Average (MA) at $1.85. These technical levels were acting as key support during recent consolidation, but bulls failed to defend them, signaling growing weakness in the current trend. The breakdown began when XRP lost the $2 mark a psychological and technical level that had previously provided stability. Since then, bearish momentum has intensified, and buyers have struggled to regain control. With XRP now firmly below major moving averages, the risk of continued downside remains high. However, all is not lost. A decisive reclaim of the $1.95 level, ideally with strong volume and follow-through, could spark a recovery back above the $2 threshold. Such a move would likely restore short-term bullish sentiment and provide the foundation for a broader rebound. Related Reading: Ethereum Capitulation May Be Nearing End Will A Fed Pivot Spark A Recovery? On the flip side, losing the $1.80 support would be a major blow for bulls. If this level fails to hold, XRP could rapidly descend toward the $1.50 zone, where the next meaningful support lies. For now, traders are watching these levels closely as XRP battles to regain stability amid broader market turbulence. Featured image from Dall-E, chart from TradingView
XRP is showing signs of resilience despite choppy market conditions, with the digital asset currently trading at $2.07 and holding firmly above its crucial support at $2.00. While price action remains somewhat indecisive, the technical setup and upcoming catalysts suggest a major move could be on the horizon. Over the past 24 hours, XRP has […]
XRP is slipping back into an uptrend, experiencing a surge in its price as the broader market shifts to a bullish phase. Meanwhile, Bitcoin is showing signs of resilience, surging above the $90k zone, potentially setting the stage for a fresh wave of upward momentum across altcoins. At the time of writing, the XRP is […]
XRP is trading at $2.08, up marginally by 0.29% over the last 24 hours. Even with the significant dip of 30.32% to $1.59 billion in trading volume, the token has been stable over the week. Still, on the seven-day timeline, XRP has lost 3.35%, which reflects constrained performance amidst otherwise conservative crypto action. Technical analysis […]
Ripples native token, XRP, is showing signs of resilience despite a turbulent week in the cryptocurrency market. As of now, marking a 3.39% decline over the last 24 hours. However, a 10% increase in XRP trading volume signals growing investor interest, suggesting that bullish momentum could soon return. Global Tensions Weigh on Crypto Market The […]
XRP has emerged as one of the strongest-performing assets in recent weeks, defying broader market volatility and mounting macroeconomic uncertainty. After a rough start to the month, XRP has rebounded sharply, posting a 32% gain from last Mondays low. The tokens resilience has caught the attention of analysts and investors as it continues to outperform many of its peers in the altcoin space. Related Reading: Solana Triggers Long Thesis After Pushing Above $125 Start Of A Bigger Rally? Much of this strength is attributed to growing optimism that macroeconomic tensionsparticularly around global trade policies and inflationmay begin to ease. If this trend continues, XRP could be well-positioned to lead the next leg of the crypto recovery. Top crypto analyst Ali Martinez added to the bullish narrative, sharing a technical analysis showing that XRP is currently trading within an ascending trianglea pattern typically associated with upward breakouts. Martinez identifies $2.22 as the critical resistance level to watch. If bulls can push above that line, it could open the door to a move to higher price levels. With momentum building and technical indicators aligning, XRP appears to be approaching a pivotal moment. The next move could determine whether this rally has more room to runor if resistance will stall the breakout. XRP Bulls Eye Breakout As Market Looks for Direction XRP bulls are gaining confidence as the market shows signs of stabilization following weeks of volatility. With global tensions still unresolved, the broader crypto environment remains uncertainbut XRP has managed to hold its ground, consistently trading above the $1.80 level. This steady performance has analysts optimistic that the token could be preparing for a strong move higher, especially if macroeconomic pressure starts to ease in the coming weeks. The anticipation surrounding potential monetary policy shifts and cooling inflation expectations could create a more favorable environment for risk-on assets like XRP. Some market participants are betting that as clarity returns to the global economy, high-conviction assets will lead the chargeand XRP is firmly on that list. However, not all analysts agree that the rally will be smooth. A more cautious view suggests that the market might need one more correction to establish a solid foundation. This scenario would involve a dip below current levels to set a new demand zone before the next leg up begins. In the meantime, Martinez identified a key pattern unfolding: XRP is trading within an ascending trianglea bullish continuation setup. According to Martinez, the $2.22 resistance level is the crucial threshold. A confirmed breakout above this level could trigger a surge toward $2.40, potentially marking the start of a broader upward trend. As traders watch price action closely, XRPs ability to hold key support and test the top of its triangle could determine its next big move. The coming days may prove pivotal in shaping the short-term future of this high-profile altcoin. Related Reading: Ethereum Stays Below Realized Price: Once-In-A-Cycle Opportunity? Daily Price Action Leans Bullish After Reclaiming Key Averages XRP is currently trading at $2.14 after a strong move that saw the token reclaim both the 200-day moving average (MA) at $1.89 and the 200-day exponential moving average (EMA) at $1.95. This bullish development signals a potential shift in trend, as XRP bulls now hold a short-term momentum advantage. Holding above these key indicators is essential for sustaining upward pressure and building confidence in a broader recovery. The next major hurdle lies at the $2.60 daily supply zone. A clean break above that level could open the door for a continuation rally targeting higher resistance zones. For now, bulls will need to maintain strong buying interest and volume to test and eventually breach that level. However, downside risks remain. If XRP fails to hold the $2.00 psychological support, a deeper correction could unfold. This would invalidate the recent breakout and potentially send the token back toward the $1.80 zone or lower, depending on broader market conditions. Related Reading: Dogecoin Whales Buy Over 80 Million DOGE In 24 Hours Sign Of Recovery? For now, all eyes are on whether XRP can consolidate gains above $2.00 and sustain enough momentum to challenge the next supply region. Traders should monitor volume and broader market cues for confirmation. Featured image from Dall-E, chart from TradingView
Ripple (XRP) is facing a wave of short-term price turbulence, but long-term projections remain highly bullish. Despite a 5% drop over the past week and an 8% decline in the last 30 days, XRP continues to capture investor attention as historical patterns hint at a massive breakout in the next market cycle. Currently, XRP is […]
On-chain data shows the XRP active addresses metric has spiked to historical levels recently, a sign that may turn out to be bullish for the asset. XRP Daily Active Addresses Has Observed An Uplift Recently According to data from the on-chain analytics firm Santiment, address activity on the network reached its second and third-highest values [...]
The post XRP Bullish Signal: Address Activity Spikes To Historical Levels appeared first on Crypto Breaking News.
The XRP market has experienced some significant bullish action in the past week with prices rising by 7.05%. Amidst this surge, popular market analyst Egrag Crypto has provided an interesting bullish prediction highlighting two potential price targets for the altcoin. Related Reading: Solana (SOL) Crashes 15% After Massive Profit-Taking Spike XRP Price Outlook: Analysts Eye $9.7 And $27 Breakout Targets In an X post on March 7, Egrag Crypto shared an audacious technical analysis of the XRP price action suggesting the altcoin may be gearing up for a major price upswing following recent gains. Egrag Crypto’s positive prediction is based on XRP’s potential ability to repeat a price surge from its 2017-2018 bull cycle. While past performance does not guarantee future results, the repeating nature of market cycles has led certain analysts to believe that XRP could experience another parabolic move. Notably, in early 2018, XRP moved from a breakout range of $0.35-$0.39 to a local market peak of around $2.89. However, for XRP to show any potential in validating a repeat of this price surge, market bulls must reclaim the $3.4 price level, which represents the local peak of the current bull cycle. Using this price level as a reference point, Egrag Crypto identifies $9.7 as the first major price target for XRP, mirroring the midpoint of its 20172018 breakout. The analyst explains that for investors looking to take profit, it would be ideal to sell at or around this price level i.e. $8, $9, $10, rather than waiting for an exact market peak. The second, more intriguing target would happen if XRP produces an exact 718% price surge, suggesting a potential price target of approximately $27. Related Reading: SUI Rallies 10% After Securing Deal With Trump Finance Arm XRP Price Overview At the time of writing, XRP trades at $2.34 reflecting a 5.34% decline in the past 24 hours. However, its daily trading volume has increased by 8.56% and is now valued at $8.63 billion. In realizing Egrag Crypto’s bullish prediction, the altcoin must push past immediate resistance levels at $2.62 and $3.0 before a fated encounter at the $3.4 price barrier. Furthermore, there must be a significant increase in buying volume and market participation. Other potential bullish factors include a clear regulatory stance around XRP. While its addition to the US digital assets stockpile is a much-welcome development, a termination of the SEC’s appeal case against Ripple would erase all regulatory and legal concerns around XRP. Finally, a widescale bull run across the crypto market is another potential bullish driver. Notably, XRP was one of the best-performing crypto assets in the late Q4 2024 crypto rally, rising by over 460% in three weeks following the US elections. Featured image from iStock, chart from Tradingview
Ripple (XRP) has experienced extreme price fluctuations, soaring to $3 before a sharp correction. Market sentiment remains divided as whale accumulation increases while global economic uncertainty fuels sell-offs. Could XRP be gearing up for another breakout? XRP recently witnessed a strong bullish rally, briefly touching the $3 mark. The surge came after news of the […]
Ripples XRP is showing strong signs of recovery after facing intense market volatility. Following a sharp drop to $2, the token quickly rebounded, signaling renewed buying interest. Now, XRP appears to be on the verge of a breakout, with analysts closely monitoring key resistance levels that could trigger the next leg up. The broader crypto […]
XRP is facing a pivotal moment after failing to test the $2.60 resistance level, with price action now leaning toward critical demand. The token continues to trade sideways in a wide range, reflecting growing uncertainty as the broader crypto market faces renewed selling pressure. Despite a strong performance in recent weeks, bulls are struggling to maintain momentum, and the inability to push higher has left XRP vulnerable to further consolidation or downside. Related Reading: XRP Open Interest Has Surged 36% In Two Weeks Is Momentum Building? The market’s overall risk-off sentiment is making it difficult for altcoins like XRP to establish a clear direction. Investors remain cautious, and bulls must now defend key support zones to avoid triggering a deeper correction. XRP is approaching a critical demand area that could determine its short-term trajectory. Crypto analyst, Ali Martinez, shared insights on X, pointing to a potential bullish scenario if XRP can break above the $3 mark. According to Martinez, such a move would invalidate the current head-and-shoulders pattern forming on the chart, effectively flipping the outlook in favor of the bulls. XRP Faces Key Breakout Test Amid Market Uncertainty XRP is approaching a critical point in its price structure, where a breakout above key levels could trigger a major uptrend. However, investors remain cautious, with many worried that the current setup may be a bull trap especially given the unstable macro environment. Since late January, financial markets have faced growing turbulence, fueled by trade war fears and erratic policy behavior from U.S. President Donald Trump. This uncertainty has weighed heavily on risk assets, including cryptocurrencies, and continues to prevent clear trend formation across the board. XRPs price action reflects this broader market indecision. While the token has shown resilience, it remains locked in a wide range, unable to build sustained bullish momentum. The recent failure to break above the $2.60 resistance level has added to investor concern, as selling pressure appears to be creeping back into the market. Martinez weighed in on the situation, highlighting a technical level that could define XRPs short-term trajectory. According to Martinez, if XRP can break above the $3 mark, it would invalidate the current head-and-shoulders pattern forming on the chart a pattern typically associated with trend reversals. Such a move would flip the market outlook bullish and open the door for a major rally. Until that breakout occurs, however, the head-and-shoulders structure remains in play, and downside risks cannot be ignored. Investors are watching closely as XRP trades near critical support and resistance levels, knowing that the next breakout or breakdown could shape its direction for weeks to come. For now, XRP remains caught in a tight battle between bearish pressure and bullish potential. Related Reading: Avalanche 12-Hour TD Sequential Flashes Sell Signal After Nailing 50% Rally Details Bulls Defend Key Support at $2.20 XRP is currently trading at $2.22 after losing the critical $2.40 level, which aligns with both the 4-hour 200 moving average (MA) and the exponential moving average (EMA). This breakdown has weakened short-term momentum, placing bulls in a defensive position as selling pressure begins to build. The $2.20 level now stands as a key support zone that must be defended to avoid a deeper correction. To regain strength and shift momentum back in favor of the bulls, XRP must reclaim the $2.35 level in the coming sessions. A move above this resistance zone would indicate renewed buying interest and potentially trigger a push back toward the $2.60 range. Until then, price action remains fragile, with investors watching closely for confirmation. Related Reading: Solana Tags Upper Bollinger Band For First Time Since ATH Is Momentum Returning? However, if XRP fails to hold above $2.20, the market could see a sharp drop toward the $2.00 mark a psychological and structural support level that has held in previous corrections. Such a move would likely confirm bearish dominance in the short term and further delay any potential breakout. As volatility continues to build, the next few hours could be crucial for XRPs short-term trend direction. Featured image from Dall-E, chart from TradingView
XRP is trading above key support levels after several days of intense volatility driven by macroeconomic concerns and mounting trade war fears. Since March 11, XRP has jumped more than 35%, showing signs of renewed strength as bulls attempt to reclaim higher price levels and ignite a fresh rally. The move comes at a time when broader altcoin sentiment remains fragile, with no clear direction for the market in the weeks ahead. Related Reading: Ethereum Reclaims Realized Price Bulls Face Strong Resistance At $2,300 Despite the uncertain landscape, XRPs recent price action has caught the attention of traders and analysts alike. One of the more notable developments is the sharp rise in capital flowing into XRP futures. According to on-chain data from Glassnode, total capital allocated to XRP futures contracts has surged 36% in just two weeks. This increase in open interest points to rising trader confidence and suggests that many are positioning for more upside. Still, macro headwinds and technical resistance levels pose challenges. For XRP to maintain momentum, bulls must hold current levels and continue pushing toward key breakouts. With volatility likely to remain high, all eyes are on XRPs next move as market pressure continues to mount. XRP Bulls Eye Breakout Amid Market Uncertainty XRP is at a pivotal moment, with price action showing early signs of strength that could lead to a major breakout if bulls manage to reclaim key levels. After a 35% surge since March 11, the token now faces strong resistance zones that could either trigger a powerful rally or confirm investor fears of a bull trap. The broader market context only adds to the uncertainty. Since late January, financial markets including crypto have been shaken by growing trade war concerns and erratic policy signals from U.S. President Donald Trump. This instability has made traders more cautious, with many questioning whether current altcoin gains can be sustained. Selling pressure remains a threat, and failure to hold support levels could quickly reverse recent progress. Despite these concerns, XRPs on-chain and derivatives data suggest that bullish momentum is building. Top analyst Ali Martinez shared on X that the total capital allocated to XRP futures contracts has surged 36% in just two weeks, rising from $2.12 billion to $2.89 billion. This spike in open interest reflects increased confidence from traders and suggests that many are positioning for further upside. However, confirmation is still needed. XRP must reclaim critical resistance zones and sustain its gains to avoid a deeper pullback. Related Reading: Solana Tags Upper Bollinger Band For First Time Since ATH Is Momentum Returning? Bulls Defend Key Support At $2.25 XRP is currently trading at $2.35 after several days of failed attempts to break above the $2.60 resistance level. This price zone has proven difficult to overcome, with repeated rejections keeping the bullish momentum in check. For XRP to initiate a strong upward move, bulls must reclaim $2.60 with conviction a breakout that could trigger a surge toward the upper boundary of its current range. On the higher timeframe, XRP remains locked in a clear weekly range between the $2 support level and the $3.40 resistance. This range has defined price action for weeks, and traders are closely watching for a breakout in either direction. The $2.60 level sits just below the mid-range, making it a critical point for bulls to reclaim in order to gain control of the trend. Related Reading: Ethereum Accumulation Is Almost Over Breakout Above $2,200 Could Trigger Expansion Phase However, if bulls fail to hold the $2.25 support zone, a move back toward the bottom of the range is likely. A breakdown below $2.25 could open the door for a retest of the $2 level a key psychological and structural support. Until then, XRPs next major move hinges on whether buyers can push past resistance or fold under renewed selling pressure. Featured image from Dall-E, chart from TradingView
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