Fun

XRP Flirts With A Daily Range Breakdown – Price Must Hold Above $2 Level

News Feed - 2025-03-11 11:03:23

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. XRP has fallen below the $2 mark for the first time since early February, following the broader market breakdown that has pushed most cryptocurrencies lower. Despite the intense selling pressure, XRP has held up stronger than many other altcoins, avoiding the steep declines seen across the market. However, uncertainty remains high, with analysts divided on XRP’s next move. Related Reading Charts Reveal Cardano Holds Key Support Zone – Staying Above Could ‘Set The Next Move’ 1 day ago


Some experts believe that if XRP can reclaim key resistance levels, it could trigger a recovery rally, bringing back bullish momentum. On the other hand, bearish analysts warn of further downside, arguing that XRP’s failure to hold above support levels could lead to a deeper correction.


Top analyst BigCheds shared a technical analysis on X, suggesting that XRP is on the verge of breaking down below the $1.90 mark. If this happens, XRP could see increased selling pressure, leading to a larger drop in price. Withprice at a pivotal level, traders are watching whether it can stabilize and recover or if further losses are on the horizon. The coming days will be crucial in determining XRP’s short-term trend as market volatility remains high. Crypto and Stock Markets Struggle Amid Uncertainty


The entire crypto market has been struggling as negative macroeconomic conditions continue to weigh on investor sentiment. U.S. President Trump’s policies and global trade war tensions have created an environment of volatility and uncertainty, making it difficult for markets to stabilize. As a result, the U.S. stock market has plunged to its lowest levels since September 2024, adding to the overall risk-off sentiment across all asset classes, including cryptocurrencies. Related Reading Bitcoin Could Rally Above ATH To $128K – On-Chain Indicator Signals Potential Recovery 1 day ago


With fear and uncertainty rising, analysts are calling for a continuation of the downtrend across both traditional markets and digital assets. Investors remain hesitant to enter long positions, and many are waiting for clearer signals before making any moves. XRP, despite holding up better than some altcoins, is not immune to the broader market turmoil.


BigChed’s technical insights on X warn that XRP is flirting with a range breakdown on the daily chart. According to his analysis, if XRP loses the $2–$1.90 support level, it could trigger a significant drop, opening the door for further downside pressure. XRP testing daily range lows | Source: BigCheds on X


As XRP hovers near this critical level, traders are closely monitoring whether bulls can defend key support or if the market-wide downturn will push prices even lower. With macroeconomic concerns and heightened volatility dominating the landscape, the coming days will be pivotal in determining XRP’s short-term trajectory. XRP Holds $2 Amid Heavy Selling Pressure


XRP is currently trading at $2.13 after experiencing massive selling pressure over the past few days. Earlier, the price briefly dropped to $1.89, testing a critical support level before bouncing back above the $2 mark. Despite the short-term recovery, XRP remains under bearish control, and bulls must hold firm above $2 to prevent further downside. Price Holding Above 200-day EMA | Source: XRPUSDT chart on TradingView


For XRP to regain momentum, buyers need to push prices toward key resistance zones around $2.30–$2.50. A strong move above these levels could confirm a recovery, helping XRP avoid a larger market-wide sell-off. However, failing to defend the $2 support would put XRP at risk of a deeper correction, with the next major demand zone sitting around $1.60. Related Reading Ethereum Breaks Out Of Descending Triangle Pattern – Fakeout Or Recovery Rally? 2 days ago


With volatility increasing across crypto markets, XRP’s price action remains uncertain. Bulls must step in soon to reclaim higher levels, or the risk of further losses will continue to grow. The next few trading sessions will be crucial in determining whether XRP can stabilize or if it will extend its decline toward lower price levels.


Featured image from Dall-E, chart from TradingView

News Feed

Amaka Nwaokocha2 hours agoTether unveils mining software to boost efficiency and capacityThe recently introduced Tether BTC mining software’s primary aim is to enhance the efficient management of mining capacity.1100 T
Coinbase launches unified onchain monitoring through new wallet app
Ana Paula PereiraJul 11, 2024Coinbase launches unified onchain monitoring through new wallet appCoinbase’s new wallet app will allow users to connect any self-custodial wallet for an aggregated view of assets.58 Total
Biden Administration May Roll Back Some Crypto Regulations, Top Banking Regulator Warns
Biden Administration May Roll Back Some Crypto Regulations, Top Banking Regulator Warns The top U.S. banking regulator is concerned that the Biden administration
Web3 Privacy Layer Aztec Raises $100 Million in Series B Funding Round to Produce an Encrypted Version of Ethereum
Web3 Privacy Layer Aztec Raises $100 Million in Series B Funding Round to Produce an Encrypted Version of Ethereum Aztec, a Web3 privacy layer, has raised $100 million in a Series
Biggest Movers: BCH Higher to Start the Weekend, MATIC Hits 15-Month Low
Biggest Movers: BCH Higher to Start the Weekend, MATIC Hits 15-Month Low On a day where bitcoin broke out of its $20,000 support point, BCH bounced on its own floor, climbing highe
Argentine Startup Action Point Develops White Label Solution to Include Crypto in Traditional ATMs
Argentine Startup Action Point Develops White Label Solution to Include Crypto in Traditional ATMs Action Point, an Argentine startup, has developed a white-label solution that all
Bankruptcy judge signs off on $450M FTX-Voyager settlement
Turner Wright4 hours agoBankruptcy judge signs off on $450M FTX-Voyager settlementAccording to the terms of the deal, FTX will “relinquish any and all rights” to $450 million Voyager Digital has claimed from the cryp
Amaka Nwaokocha1 hour agoBitwise withdraws Bitcoin and Ether Market Cap ETF applicationBitwise was among a number of asset managers looking to launch spot Bitcoin exchange-traded funds in the United States.1014 Total vie
Ethereum Consolidates Above $2,500 While BTC Leads the Charge – Key Levels To Watch
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Brian Quarmby4 hours agoRedditor up 25% after boldly taking out $59K worth of personal loans to buy BTCSo far, the trader has accrued 2.65 BTC at an average price well under the current level of around $30,000.2907 Total
Bitcoin, Ethereum Technical Analysis: BTC, ETH Hit Multi-Week Low, as Sell-off Worsens
Bitcoin, Ethereum Technical Analysis: BTC, ETH Hit Multi-Week Low, as Sell-off Worsens Bitcoin moved below $22,000 on Friday’s session, as sentiment in cryptocurrency market
Bitcoin’s $110K Sprint Coincides With Record-Low Exchange Reserves
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu