The post XRP Updates Shows April Turbulence & Best Buy Panshibi (SHIBI) Meme Gets Big Approval From Investors Globally appeared on BitcoinEthereumNews.com.

XRP faces a stormy April, with Cointelegraph reporting a bearish pattern that could slash its price by over 50% . Despite Ripple’s legal win, with the SEC dropping its four-year lawsuit ,XRP’s failure to breach $2.5 resistance signals turbulence ahead. Panshibi’s $SHIBI, on the other hand, is now at $0.005 in presale as it basks  in global investor applause. This is no surprise as its roadmap offers the best way to earn profits in this bearish market. With XRP losing its influence among investors, Panshibi is stepping into the spotlight to take up its rightful place at launch. Continue reading to find out more in this article XRP to Struggle Through April The XRP price, hovering near $2.10 as of March 31, 2025, is bracing for a brutal April. Cointelegraph’s latest analysis flags a bearish head-and-shoulders pattern on the daily chart. This textbook setup could slash the XRP price by over 50%. If this happens, XRP price could potentially crater to $1.05 as the $1.90 support buckles.  This follows a lackluster 3.8% drop on March 27 erasing earlier gains from the SEC lawsuit resolution. After the resolution, XRP price enjoyed a 11% spike which some thought was the beginning of an uptrend for the token, unfortunately the trend didn’t last long. This signifies a lack of strong momentum for XRP. Technical indicators also show a lot of negatives. The 50-day moving average looms as a stubborn ceiling above the current price, while the MACD edges toward a bearish crossover. Both indicators simply hint at a momentum drain. Also, analysts highlight a supply-demand imbalance, with Ripple’s 1 billion token monthly unlock schedule. This is likely to intensify selling pressure. On-chain data also mirrors this with stagnant activity and swelling exchange reserves. If the $2.20 support fails, the XRP price could nosedive…

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Filed under: News - @ April 2, 2025 7:20 pm