The post Will XRP Crash? Here’s What the Chart Is Warning Us About appeared on BitcoinEthereumNews.com.

XRP price has had a volatile journey in recent months, rising sharply to reclaim the $3 mark before entering a choppy downtrend. With recent bearish pressure building up and the price now hovering around $2.26, many traders are asking the tough question: is XRP on the edge of a major crash, or is this just another healthy correction before a new rally begins? Let’s break down what the chart is showing and whether a deeper drop is likely. XRP Price Prediction: Is XRP Losing Its Momentum? XRP/USD Daily Chart- TradingView The most striking element in the chart is the fading bullish momentum. XRP price is currently trading below all short-term moving averages—the 20, 50, and 100-day simple moving averages (SMA)—which are now acting as resistance. The price attempted to push through these averages multiple times but failed, showing that buyers are not in control at the moment. Additionally, Heikin Ashi candles are showing consistent red bodies with lower highs, a clear signal of ongoing bearish sentiment. The inability to break back above the $2.50 resistance zone, coupled with this sluggish behavior, suggests that XRP is struggling to hold its ground. >>Click Here to Buy XRP on Bitget<< What Does RSI Say About a Possible Breakdown? The Relative Strength Index (RSI) currently sits around 42.9, leaning toward the bearish side of neutral. It hasn’t touched oversold levels yet, but it’s also far from signaling any strong upward momentum. What’s concerning is that the RSI has been consistently trending downward since mid-February, and no bullish divergence has formed to suggest a reversal. This weak RSI position hints that if selling pressure increases even slightly, XRP could dip quickly—possibly to test the next support around $2.00 or even down near the 200-day SMA at $1.76. >>Click Here to Buy XRP on Bitget<< XRP…

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Filed under: News - @ March 28, 2025 4:19 pm