Price Analysis View Non-AMP

XRP Price Slides Below $0.7; While it Gears up to Take on a Major Move

Published by
Sohrab Khawas

The markets have begun to consolidate as the start of a new month turns out to be in bearish favor. The Bitcoin price drops by 1.74%, below $29,000, dragging the entire market cap to $1.16 trillion. While market sentiments continue to remain neutral, the possibility of an extended bearish wave emerges.  

On the other hand, XRP, which has been drowning ever since the judgment on the Ripple vs. SEC lawsuit was produced, is displaying a huge possibility of triggering a fresh bearish wave, shedding all the recent gains. 

In the short term, XRP’s price is largely bearish. Besides, in the long term, the token is believed to begin with a fresh bullish wave anytime from now. The fundamentals were in favor of the upward trajectory and now the technicals have also jumped in. Therefore, the XRP price is now believed to reclaim levels above $1 very soon. 

Ever since the first bullish breakout in 2017, the XRP price has been following a pattern, as the monthly MACD and ADX are following a similar trend. Both have flashed a massive bullish signal for the first time in the past 24 months and hence expectations for a notable upswing have emerged. 

Previously, during the previous breakouts, the XRP price was propelled high to mark new highs for the respective bull cycle. Now that a similar crossover has occurred, the possibility of a fresh upswing has emerged that may lift the price toward new highs.

Collectively, the technicals, fundamentals, and on-chain variations, point towards the XRP price, which is currently accumulating gains. Therefore with a slight change in the market sentiments, the price is believed to revive with a healthy upswing and begin with a fine rise soon.

Sohrab Khawas

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Recent Posts

Dogecoin (DOGE) Poised for 21% Drop, Bearish Setup Confirmed? Dogecoin (DOGE) Poised for 21% Drop, Bearish Setup Confirmed? 

Dogecoin (DOGE) Poised for 21% Drop, Bearish Setup Confirmed?

Despite a recent 16% price decline, Dogecoin (DOGE), the world’s largest crypto meme coin, is…

April 6, 2025
Will Bitcoin Crash Again? Bearish Pattern SpottedWill Bitcoin Crash Again? Bearish Pattern Spotted

Will Bitcoin Crash Again? Bearish Pattern Spotted

Amid the ongoing tariff war, Bitcoin (BTC), the world’s largest cryptocurrency by market cap, is…

April 5, 2025
Bitcoin Outperforming the Tech Stocks—Is It a Good Sign for the BTC Price Rally?Bitcoin Outperforming the Tech Stocks—Is It a Good Sign for the BTC Price Rally?

Bitcoin Outperforming the Tech Stocks—Is It a Good Sign for the BTC Price Rally?

The Bitcoin volatility has risen over the past few weeks as the price has been…

April 5, 2025
What Are SEC’s New “Covered Stablecoins”? Tether’s USDT May Not Qualify!What Are SEC’s New “Covered Stablecoins”? Tether’s USDT May Not Qualify!

What Are SEC’s New “Covered Stablecoins”? Tether’s USDT May Not Qualify!

In a rare and clear move, the U.S. Securities and Exchange Commission (SEC) has introduced…

April 5, 2025
Why Is Ethereum Price Underperforming in 2025?Why Is Ethereum Price Underperforming in 2025?

Why Is Ethereum Price Underperforming in 2025?

Ethereum (ETH), the world’s second-largest cryptocurrency by market value, is going through a rough patch.…

April 5, 2025
FTX Rejects Nearly 400,000 Claims Worth $2.5 Billion – Here’s What HappenedFTX Rejects Nearly 400,000 Claims Worth $2.5 Billion – Here’s What Happened

FTX Rejects Nearly 400,000 Claims Worth $2.5 Billion – Here’s What Happened

FTX’s bankruptcy case has just taken a big step. Nearly 400,000 customer claims—worth up to…

April 5, 2025