XRP May Fall Under $3 Before Reaching New All-Time High

Beincrypto
Updated
Mitrade
coverImg
Source: DepositPhotos

XRP recently achieved a new all-time high (ATH) of $3.40 during a two-week bull run, marking a significant milestone in the cryptocurrency’s history. However, this upward trajectory appears to have hit a ceiling. 


All indicators now suggest a period of correction before XRP can attempt to repeat such performance. The token, currently trading at $3.11, seems to be stabilizing but shows signs of vulnerability.


XRP Could Witness A Drop


One of the key signals pointing toward a potential correction is the Price Daily Active Addresses (DAA) Divergence, which is flashing a sell signal. Despite the bullish price action, the number of active wallet addresses interacting with XRP has seen a noticeable decline. This divergence between price and participation is often a sign of waning investor interest, which could lead to a negative impact on XRP’s price.


The decreasing participation is concerning because it highlights reduced market engagement at a time when XRP would benefit most from strong support. If this trend continues, it could undermine the token’s ability to sustain current price levels, leaving it exposed to further declines.


XRP Price DAA DivergenceXRP Price DAA Divergence. Source: Santiment


On the technical side, the Moving Average Convergence Divergence (MACD) indicator has recently noted a bearish crossover. This shift comes just two weeks after XRP’s bullish momentum led to its latest ATH. While the previous rally was short-lived, it was impactful enough to push XRP into new price territory. 


However, the bearish crossover on the MACD suggests that the broader market momentum is beginning to weaken. Without renewed buying pressure or positive market cues, XRP is likely to experience a price decline.


XRP MACDXRP MACD. Source: TradingView


XRP Price Prediction: Looking For Support


XRP’s recent ATH of $3.40 has not been followed by a major selloff, with the token now trading at $3.11. At this level, the price seems to be stabilizing. However, the current trends suggest this stabilization may be temporary.  


Given the sell signals from DAA Divergence and the bearish MACD crossover, XRP could face a correction in the near term. The price may fall to $2.73, dipping below the $3.00 mark before finding support and bouncing back. This correction would provide a more solid foundation for a future rally.  


XRP Price Analysis.XRP Price Analysis. Source: TradingView


On the other hand, a shift in broader market conditions could tilt the balance toward bullishness. If XRP breaches its ATH of $3.40, it would invalidate the bearish outlook and pave the way for a new ATH. Such an outcome would depend heavily on increased market participation and a surge in investor confidence.

* The content presented above, whether from a third party or not, is considered as general advice only.  This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.

goTop
quote
Do you find this article useful?
Related Articles
placeholder
Bitcoin Price Swings Wildly—Yet Bears Keep the Upper Hand!Bitcoin price started a recovery wave above the $85,500 zone. BTC is trimming all gains and might decline again toward the $80,000 zone. Bitcoin started a decent recovery wave above the $84,500 zone.
Author  NewsBTC
1 hour ago
Bitcoin price started a recovery wave above the $85,500 zone. BTC is trimming all gains and might decline again toward the $80,000 zone. Bitcoin started a decent recovery wave above the $84,500 zone.
placeholder
XRP Price Prediction For April: Analyst Explains What To ExpectIn a newly released chart, crypto analyst Egrag (@egragcrypto) reveals a XRP price prediction for April. While emphasizing that current market sentiment remains in what he calls a “boredom
Author  NewsBTC
1 hour ago
In a newly released chart, crypto analyst Egrag (@egragcrypto) reveals a XRP price prediction for April. While emphasizing that current market sentiment remains in what he calls a “boredom
placeholder
XRP plunges as Trump's tariff announcement outweighs RLUSD launch on Ripple PaymentsXRP declined 5% on Wednesday following President Donald Trump's announcement of reciprocal tariffs on all international trading partners.
Author  FXStreet
3 hours ago
XRP declined 5% on Wednesday following President Donald Trump's announcement of reciprocal tariffs on all international trading partners.
placeholder
Bitcoin price reacts as Gold sets fresh record highs after Trump’s reciprocal tariffs announcementBitcoin price plunges towards $82,000 as Gold soars past $3,150 after US President Donald Trump imposed new tariffs on Israel and UK, triggering global markets turbulence.
Author  FXStreet
3 hours ago
Bitcoin price plunges towards $82,000 as Gold soars past $3,150 after US President Donald Trump imposed new tariffs on Israel and UK, triggering global markets turbulence.
placeholder
XRP Price Reversal Toward $3.5 In The Works With Short And Long-Term Targets RevealedThe XRP price is showing signs of a strong bullish reversal, with a crypto analyst predicting a potential rebound toward $3.5 and even higher. After experiencing significant volatility and undergoing
Author  NewsBTC
5 hours ago
The XRP price is showing signs of a strong bullish reversal, with a crypto analyst predicting a potential rebound toward $3.5 and even higher. After experiencing significant volatility and undergoing
Real-time Quote