XRP price may break its five-month negative losing streak, but key growth impediments abound.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only.
U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.has recorded a 6% price increase and soared past the $1.40 key resistance level in the last 24 hours. However, crypto analyst CasiTrades this could be a"dead cat bounce" that will get bulls trapped, as nothing has really changed with the asset aside from breaking its negative monthly streak.According to CasiTrades, although the recent XRP price jump looks bullish, the coin is likely to suffer another price drop. The analyst cites XRP’s indicators, like the Relative Strength Index , as providing a warning of this possible decline. Notably, XRP’s RSI is at 50.04, which suggests a neutral position. This implies that it could swing in either direction depending on investor sentiment. The immediate short-term bias suggests that traders are XRP might have climbed above the consolidation trend line, but this same level is acting as a resistance, which signals bearish momentum. If sellers overwhelm the market, CasiTrades opines that the price could dip.We’re breaking below that consolidation trendline we’ve been watching for weeks and starting to see it act as resistance. Exactly what we talked about in Friday’s livestream. That’s a pretty strong sign we’re…The analyst also used the Elliot Wave structure to analyze the price outlook of XRP. She believes that XRP is in Wave 2 of"temporary recovery." If the asset is unable to climb and break above between $1.51 and $1.55, it might suffer a retracement. A reversal of the current bounce, if severe, could see the price crash to a low of $0.87, which is the next crucial support. The only way for the coin to void this bearish wave theory is for XRP to break and hold above $1.65.hands at $1.44, which is a 6.06% increase in the last 24 hours. The coin earlier soared to $1.46 before a slight dip. However, its trading volume remains high, as it is up by 83.77% at $3.3 billion within the same time frame.Since October 2025, XRP has closed in the red in double digits. In October, XRP closed down by 11.9% and stayed bearish in November and December, with -13.8% and -14.8%, respectively. In 2026, it continued on its bearish path as January and February recorded 10.6% and 16.2% drawdowns, respectively. However, with the current bullish outlook, March has eased into the green and is up by 2.74%.in funds flows as institutional investors moved in on the Ripple asset. These developments could support XRP’s quest to break out.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ripple CTO Emeritus Drops 'Goddamn Right' Meme to Solana's XRP HypeSolana X account recently sparked buzz on social media with an interesting XRP take.
Read more »
If one trader can force the outcome of a prediction market, it shouldn’t be tradableBy hosting manipulable contracts, prediction markets swap their long-term credibility for short-term engagement.
Read more »
XRP price: What next as Ripple-linked token break below $1.40 signals downside riskTraders are watching the $1.38–$1.40 zone after repeated failures to reclaim resistance.
Read more »
XRP Price Action Hovers at Critical SupportPrice of the XRP token is currently testing a make-or-break horizontal support level just below $1.38.
Read more »
XRP Burn Rate Soars 313% Despite Stalled Price MoveThe XRP network is seeing remarkable growth in usage as participation from retail and institutional users begins to hit levels seen in the previous year, with the XRP burn rate crossing 2,400.
Read more »
XRP Ledger Addresses With 100,000 XRP Hit 32,054XRP Ledger (XRPL) whale addresses hit a new high, per Santiment data.
Read more »