XRP : Growing Downward Pressure
The XRP is trading in immediate proximity to its 50-day exponential moving average (EMA 50), currently hovering around $2.96. This EMA has been functioning as a structural support during the current bullish cycle. However, the price’s inability to generate a vigorous recovery is paving the way for a concerning bearish scenario.
In case of a confirmed breakdown below $2.96, the next technical support zone lies between $2.78 and $2.70, corresponding to the 100-day moving average (EMA 100). This level could constitute the last line of defense before a more pronounced sell-off.
The aggravating factor resides in the declining trading volume, which highlights the waning interest from both institutional and retail buyers. Such a decrease in liquidity increases volatility, making XRP vulnerable to massive selling.
Crucial Decision Ahead
XRP finds itself at a major technical decision point. The RSI is below 50 and momentum is weakening, signaling a possible strengthening of the bearish bias. An approach to the oversold level could represent either a buying opportunity or a warning before a plunge.
If the price rebounds from the EMA 50, the bullish trend could persist and test the $3.10 to $3.20 range. Conversely, a break below the current support could push XRP toward $2.70, invalidating the trend. The movement will depend on volume and momentum, both currently declining.
Holders should monitor upcoming closings : A confirmed breakdown might necessitate revisions, while a volume-supported rebound would strengthen confidence. This juncture also presents a trading opportunity for active investors.
XRP is at an inflection point, keep an eye on volume, RSI, and the EMA 50, as the direction over the next 48 hours could influence the entire quarter.
How to Buy XRP on Bitget ?
A drop to $2.11 would represent an opportunity for savvy investors. Indeed, XRP still has $5 in sight for 2025. Buying at $2.11 would therefore offer a potential return of more than 150% in the coming months.
Here’s how to take advantage of this on Bitget exchange right now :
- Register on Bitget : Create an account on Bitget’s official website using an email address or phone number. Complete KYC verification for full access.
- Deposit funds : Navigate to the “Deposit” section and transfer funds in fiat (EUR, USD) or cryptocurrencies like USDT.
- Select the XRP pair : In the “Markets” tab, choose the XRP/USDT or XRP/BTC pair.
- Purchase XRP : Opt for a market order (immediate purchase) or a limit order (fixed price). Confirm the transaction.
