1 days ago
XRP has been consolidating against both BTC and USDT after a period of strong volatility, finding support above key moving averages while remaining below major resistance levels. By Edris Derakhshi The USDT Paired Chart On the XRP/USDT daily chart, the price is sitting just above the 200-day moving average and a critical horizontal support around the $2.00 zone. This level has acted as a battleground in recent weeks, as the asset has tested it multiple times. The RSI is also hovering near the 50% level, reflecting the current equilibrium between buyers and sellers. A decisive close above the $2.5 area could open the door to a retest of the $3 level, while a breakdown below $2.00 would likely drag price back toward the $1.40 support level. The BTC Paired Chart Looking at the XRP/BTC pair, the structure reflects a broader sideways market, with multiple failed attempts to push above the 2,800 SAT zone. The price has made a series of lower highs recently, signaling some relative weakness against Bitcoin. However, the 200-day moving average is creeping up toward the 2,200 SAT support area, offering a key level to monitor for trend confirmation. A clean breakout above the 2,800 SAT zone would mark the start of bullish momentum, while losing the 2,200 SAT level could lead to a deeper retracement toward the 1,800 SAT region or even lower. The post Ripple Price Analysis: Is $3 or $1.4 Next for XRP? appeared first on CryptoPotato .
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Despite an 18% Drop, XRP’s Exchange Supply Hits Lows—Bullish Setup Ahead?
XRP has been trading under pressure in recent weeks, losing much of the momentum it built during its late 2024 to early 2025 rally. After reaching highs above $3.40, the asset has experienced an 18.3% decline over the past month, reflecting broader market softness. At the time of writing, XRP trades significantly below its peak at a price of $2.06, with subdued investor activity and falling market participation across both spot and derivatives markets. Related Reading: XRP Breakout Still Likely This April, Analyst Says $12+ In Play XRP On-Chain Activity Slows, But Price Remains Relatively Stable Amid XRP’s decline, a CryptoQuant analyst known as EgyHash has recently shared his analysis on the altcoin in a post titled, “XRP’s Market Paradox: With Ledger Activity Dipping 80%, Is a Rebound on the Horizon?” According to EgyHash, XRP’s on-chain and futures market data presents a mixed picture—declining activity but resilience in price. EgyHash noted that XRP Ledger activity has fallen sharply since December, with the percentage of active addresses down by 80%. Similar declines have been observed in the futures market, where open interest has dropped roughly 70% from its highs, and funding rates have occasionally turned negative. He added that the Estimated Leverage Ratio, which gauges average user leverage by comparing open interest to coin reserves, has also dropped significantly. Despite these indicators pointing to weakening momentum, the altcoin’s price has only declined about 35% from its peak. This is a milder correction compared to other assets such as Ethereum, which has fallen roughly 60% over the same period. Additionally, the altcoin’s Exchange Reserve has continued to decline, reaching levels last observed in July 2023. Lower reserves typically suggest that fewer tokens are available for immediate sale, a factor that can help support prices during market downturns. According to EgyHash, this trend, along with relatively stable pricing, could indicate growing long-term confidence in the asset. Institutional Developments Could Strengthen Market Sentiment While on-chain metrics remain a focus, institutional developments may also play a role in shaping XRP’s future trajectory. Hong Kong-based investment firm HashKey Capital recently announced the launch of the HashKey XRP Tracker Fund—the first XRP-focused investment vehicle in Asia. Backed by Ripple as the anchor investor, the fund is expected to transition into an exchange-traded fund (ETF) in the future. The initiative is designed to attract more institutional capital into the XRP ecosystem. HashKey Capital is launching Asia’s first XRP Tracker Fund—with @Ripple as an early investor. This marks a major step in expanding institutional access to XRP, the third-largest token by market cap. ???????? — HashKey Capital (@HashKey_Capital) April 18, 2025 HashKey Capital has also indicated that this collaboration with Ripple could lead to further projects, including tokenized investment products and decentralized finance (DeFi) solutions. Related Reading: XRP To $50? Technical Analyst Lays Out The Roadmap Vivien Wong, a partner at HashKey, emphasized the strategic value of integrating Ripple’s network with regulated investment infrastructure across Asia. Although the altcoin faces near-term pressure, long-term developments, including decreasing exchange reserves and rising institutional interest, may support its recovery as the broader market stabilizes. Featured image created with DALL-E, Chart from TradingView Crypto Potato
