XRP Crashes 4.6% to $2.06 – Can $2.00 Support Hold?
The post XRP Crashes 4.6% to $2.06 – Can $2.00 Support Hold? appeared on BitcoinEthereumNews.com.
Story Highlights XRP nears $2.00 support as selling pressure intensifies. RSI hints at a bounce, but MACD stays bearish. Low volume signals weak buying interest at current levels. As of March 31, 2025, XRP has had a challenging day with further selling pressure across the board. The cryptocurrency trades at $2.06 and is down 4.60% from the previous day at the time of writing this. According to the CoinMarketCap daily chart, XRP carries a market cap of $206.54 billion. XRP ranks #4 as part of the cryptocurrency market with a 3.02% market cap share while carrying a total supply of 99.988 billion XRP and a max supply of 100 billion XRP. XRP circulating supply is at 58.2 billion since the market is extremely volatile right now. Through volatility, investors watch XRP carefully today. source:coinmarketcap Technical Setup Persis 10t an analyst on coinmarketcap, on the 12H the price is contained within a descending triangle, nearing major support at 1.9433. Major resistance lies in the range of 2.6000 to 2.7988, which will limit gains. A close below support could send XRP to 1.6000. A close above resistance could send prices to 3.0000. source:TradingView on Coinmarketcap What do the RSI and MACD Contributions Indicate for XRP? As stated on the TradingView daily chart, it indicates the technical aspects of XRP’s momentum. The RSI fell from 47.49 to 37.45, meaning it is approaching oversold status at below 30. It forecast a possible price recovery. The MACD provides a bearish crossover confirmation, indicating that the MACD line at 0.0293 has crossed below the signal line at 0.0346; therefore, XRP shows continued downward price pressure. source:TradingView What Does Volume Say About Market Activity For XRP? When you analyze volume on the all-time chart, there is a high volume spike during XRP’s price increase in early March…
Filed under: News - @ April 1, 2025 5:23 pm