XRP Price Drops to 2.5-Week Low, Eyes Sideways Trading
Ripple's XRP token fell to a 2.5-week low today, and is looking at a more or less sideways movement in the short-term, chart analysis suggests.

Ripple's XRP token fell to a 2.5-week low today, and is looking at a more or less sideways movement in the short-term, chart analysis suggests.
The world's third-largest cryptocurrency by market capitalization fell to the low of $1.23 at 09:54 UTC today before regaining a little poise, data source CoinMarketCap indicates. Further, XRP is still down 23 percent over the last 24 hours. At press time, XRP is trading at $1.39.
As per OnChainFX, XRP is down 63.41 percent from the record high of $3.84 set Jan. 4.
A look at the charts suggests XRP may have found a bottom and could consolidate in the next 36–48 hours before possibly resuming the sell-off.
4-hour chart

The above chart (prices as per Bitfinex) shows:
- Dip demand/bearish exhaustion as indicated by the Doji candle (previous 4-hour candle marked with a circle).
- A head-and-shoulders breakdown (bearish reversal pattern) indicating the rally from the December low of $0.19700 has ended. As per the measured height method, that has opened doors for a drop to $0.30 (though that looks far-fetched currently).
- 50-day moving average (MA) has adopted a bearish bias (sloping downwards).
- Bearish 50-day and 100- day MAs crossover is confirmed (short-term average cuts long-term average from above).
- 200-day MA has shed bullish bias (flattened).
Clearly, the 4-hour chart is loaded with bearish price patterns that indicate scope for a drop to $0.8610 (78.6 percent Fibonacci retracement). However, the relative strength index (RSI) on the chart above shows oversold conditions.
Daily chart

As seen in the chart above, the 5-day and 10-day MAs have adopted bearish bias (sloping downwards). The RSI also favors further downside in XRP. The tide has clearly turned in favor of the bears.
However, the 50-day MA is curled up in favor of the bulls. This coupled with the oversold conditions on the 4-hour chart (as shown by the RSI) and the doji candle on the 4-hour chart could keep XRP rangebound in the next 36–48 hours.
The 50-day MA would shed its bullish bias (top out) following a bout of consolidation, thus opening doors for further losses.
View
- XRP is likely to trade in the sideways manner in the range of $1.80 to $1.00 in the next day or two, before resuming the sell-off.
- Overall, prices look set to $0.8610–$0.60 levels in the short-run.
- Bullish scenario: A rebound from the 50-day MA, followed by a quick move above $2.25 (Jan. 11 high) would signal a bearish-to-bullish trend change.
Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Ripple.
Ripples image via Shutterstock
Mais para você
Exchange Review - March 2025

CoinDesk Data's monthly Exchange Review captures the key developments within the cryptocurrency exchange market. The report includes analyses that relate to exchange volumes, crypto derivatives trading, market segmentation by fees, fiat trading, and more.
O que saber:
Trading activity softened in March as market uncertainty grew amid escalating tariff tensions between the U.S. and global trading partners. Centralized exchanges recorded their lowest combined trading volume since October, declining 6.24% to $6.79tn. This marked the third consecutive monthly decline across both market segments, with spot trading volume falling 14.1% to $1.98tn and derivatives trading slipping 2.56% to $4.81tn.
- Trading Volumes Decline for Third Consecutive Month: Combined spot and derivatives trading volume on centralized exchanges fell by 6.24% to $6.79tn in March 2025, reaching the lowest level since October. Both spot and derivatives markets recorded their third consecutive monthly decline, falling 14.1% and 2.56% to $1.98tn and $4.81tn respectively.
- Institutional Crypto Trading Volume on CME Falls 23.5%: In March, total derivatives trading volume on the CME exchange fell by 23.5% to $175bn, the lowest monthly volume since October 2024. CME's market share among derivatives exchanges dropped from 4.63% to 3.64%, suggesting declining institutional interest amid current macroeconomic conditions.
- Bybit Spot Market Share Slides in March: Spot trading volume on Bybit fell by 52.1% to $81.1bn in March, coinciding with decreased trading activity following the hack of the exchange's cold wallets in February. Bybit's spot market share dropped from 7.35% to 4.10%, its lowest since July 2023.
Mais para você
This article is created to test tags being added to image overlays

Dek: This article is created to test tags being added to image overlays
O que saber:
- Ethena's USDe becomes fifth stablecoin to surpass $10 billion market cap in just 609 days, while Tether's dominance continues to slip.