Why is XRP price down today?

The XRP price (XRP) corrected on March 27, decreasing by approximately 3.8% in the last 24 hours to negotiate at $ 2.35. Its daily trading volume jumped from 27.5% to 3.37 billion dollars, strengthening the intensity of the sales activity.

Key catalysts originally lower XRP prices today include:

• The fact of not rallying despite the undulation that abandoned his inter-assuces file against the dry.

• Lack of enthusiasm among derivative traders.

• A lower technical configuration of the manual.

Ripple’s Crossed Call does not stimulate XRP

One of the most important factors is the absence of a strong response on the market following Ripple’s decision to lower his trial in the US Securities and Exchange Commission (SEC).

The main dishes to remember:

• On March 25, Ripple announced that she would withdraw her appeal against the dry, bringing her business with the agency to a conclusion.

• Ripple had appealed against a previous decision, which included a fine of $ 125 million to violate the securities laws thanks to the institutional sales of XRP.

• According to Ripple’s legal director, Stuart Alderoty, the resolution reduced the fine to $ 50 million, with $ 75 million returned to Ripple, reporting the end of a legal saga at four years.

• Alderoty also stressed that the agency will ask the judge to raise the injunction placed on Ripple in August 2024.

The final passage of t and the points of i’s – and what should be my last update on dry v ripple never …

Last week, the SEC agreed to delete its unconditional call. @Ripple Now agreed to drop her trick. The sec will keep $ 50 million in the fine of $ 125 million (already in a…

– Stuart Alderoty (@S_alderoty) March 25, 2025

• The new development follows the previous announcement of the CEO of Ripple Brad Garlinghouse last week that the SEC will abandon its call against the company, which questions a decision in 2023 according to which XRP programmatic sales to retail investors did not constitute securities offers.

• Under the new direction managed by interim president Mark Uyed, the agency has reversed most of its legal actions against cryptographic companies, including Coinbase, Kraken, Uniswap and Immutable.

• However, the price of XRP has remained stable in the past few days.

• The absence of a rally indicates a decreasing impulse and a possible profit by the merchants who expected upwards.

Low opening and negative financing rate

The action of XRP prices also reflects a lack of enthusiasm on its derivative market, highlighted by low -interest interest and funding rates.

Key points:

• Open interest (OI), the total number of term contracts and current options remains moderate, indicating a reduced negotiation activity.

• Currently, with $ 3.82 billion, the ON is 52% below its top of $ 7.8 billion on January 18, falling 5% in the last 24 hours.

• The decrease in the OI means that less capital enter the market, which can exacerbate the drop in prices as the purchase pressure is delighted.

• Negative financing rates are aggravated on the perpetual XRP markets.

• Funding rates represent the periodic payments exchanged between short and short position holders.

• This metric overturned negative on March 27, going from 0.0088% to -0.0049% in the last 24 hours.

• When rates become negative, shorts (Paris against the price) pay long to keep their positions open, suggesting a lower feeling.

• If buyers do not intervene, these conditions can create a cycle of self-repairing sales pressure, still causing the price.

The XRP price validates the bear model of the bear

XRP confirmed a model of bear flag on the daily graph after closing under the lower limit of the flag at $ 2.45.

Key levels to monitor:

• XRP is currently testing the support level at $ 2.30 after overthrowing the lower trend line of the flag in the resistance.

• The range of $ 2.22 low (March 18) and the base of the $ 2 flag are key levels.

• High volume screening below these support levels could reduce XRP prices.

• The maximum loss target of the post length indicates that XRP could review the level of $ 1.60 in the coming days.

• This would represent another descent of 31% of the current levels.

• The relative resistance index (RSI) has gone from 62 to 49 in the past three weeks, indicating the increase in the downward dynamics.

As Cointtelegraph reported, the veteran Peter Brandt said that XRP formed a model of manual heads and shoulders on the daily graph, projecting a possible 50% drop to $ 1.07.

Brandt explained that a gathering greater than $ 3 would invalidate this model to avoid a potential correction of 55%.

“Below $ 1.9, I wouldn’t want to own it. H&S projects $ 1.07. Do not shoot the messenger. “

This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.