After the hacking of Borde, the feeling on the cryptography market has completely moved to a bearish phase, weakening the assets. In the middle of that, XRP, the native token of Ripple Labs, once again approached a crucial level of support for the ascending trend line, which he has been testing since early February 2025.
Given the current feeling of the market and the XRP perspectives, the token seems to have absorbed all the down pressure and is recovering now.
XRP technical analysis and future levels
According to an expert technical analysis, while the XRP price reached the Trendline support of $ 2.50, a significant purchase pressure was observed, which led to the formation of a Haussier candlestick model. In addition to this, the recent price drop did not affect the XRP XRP ascending triangle price action model it formed.
Based on recent prices action, if XRP holds above $ 2.50 level, there is a strong possibility that the asset can rise significantly in the coming days and maintain its bullish momentum. However, if the token does not hold this level and closes a candle of four hours below $ 2.45, a massive price drop could occur, potentially pushing XRP in $ 1.90.
Despite the recovery of current prices, the asset remains below the exponential mobile average (EMA), indicating that it is still in a downward trend.
Current price momen
With these key levels in accent, XRP is currently negotiated nearly $ 2.58, having dropped by more than 3.75% in the last 24 hours. However, despite the decline, investors and traders showed a strong interest in the token, which resulted in a 44% increase in participation.
$ 21.50 million for an XRP outing
The data from the Coinglass chain analysis company have revealed that this increase in participation is motivated by a significant accumulation of XRP tokens investors. The data on inputs and outputs have shown that the price has dropped, the exchanges experienced a substantial release of $ 21.50 million in XRP token, indicating potential accumulation.
By combining this potential accumulation with price action, the current level seems to be an ideal purchase opportunity, with $ 2.50 or $ 2.45 serving as a potential output level if the feeling moves to the bearish side.
