In the middle of the uncertainty of the current market, XRP, the native token of Ripple Labs, also recorded a price drop, similar to other major assets such as Bitcoin (BTC) and Ethereum (ETH). However, it seems to control and its price may not fall more.
On March 20, 2025, after sudden changes in feeling, the overall market has decreased in particular. In the middle of this, XRP recorded a price drop of 4% and has now reached a crucial level.
XRP technical analysis and future levels
According to an expert technical analysis, XRP recently witnessed a bullish escape from a cup and handle model, as well as a descending triangle.
Due to the drop in the current market, the asset managed to retest the rupture area at $ 2.40 and rises once again. However, this escape area is also aligned with the exponential mobile average (EMA) for the four -hour period.
Based on the action of recent prices and historical models, if the assets are kept above the level of $ 2.38, there is always the hope that XRP could rise significantly and potentially reaching the level of $ 3.50. Meanwhile, if the asset does not hold this level and closes a candle of four hours below $ 2.38, it could drop by 13% to reach $ 2.05 in the future.
Current price momen
XRP is currently negotiating nearly $ 2.42 and has dropped a price drop by more than 4% in the last 24 hours. However, during the same period, due to the lowering market feeling, traders and investors participated less in the assets, causing a 20% drop in the volume of trade.
The 67 million dollars of merchants are worth bets on the short side
Despite the bullish escape and the current prices retain, the intraday traders seem to follow the current market trend and bet strongly on the short side, as reported by the Coiginglass chain analysis company.
The data reveal that traders are currently over-discussed at $ 2.40, holding $ 26 million in long positions. Meanwhile, $ 2.54 is another over-dependent level, where merchants have placed for $ 67 million in short positions. This clearly indicates that the feeling of traffic is lower, and there is a strong possibility that the asset can consolidate near this level.
