XRP News: Uncertainty Looms as XRP Faces Short-Term Selling Pressure and Bearish Trend

XRP Price Prediction for March 11

XRP’s current trading price of $2.10 shows a notable 4.44% drop in the last 24 hours, indicating short-term selling pressure. Over the past 30 days, XRP has seen a 13.53% decline, suggesting a broader bearish trend. Traders are uncertain if this pullback is temporary or part of a sustained downtrend. The 20-day and 50-day Simple Moving Averages (SMAs) are critical for near-term momentum assessment, and XRP’s price is currently NEAR these averages.

XRP Price Face Major Resistance At $2.9, Analyst Predicts $20 Possible

Crypto analyst ElmoX believes XRP is still bullish despite recent market crash. According to his analysis, XRP will face major resistance at $2.9 but could eventually break through and rally to as high as $20. In a TradingView post, ElmoX outlined two scenarios for XRP’s price action, noting that the crypto will retest the resistance at $2.92 on its way to a new all-time high.

167M XRP Whale Transaction Impacts Ripple’s Prices

A recent transfer of 167 million XRP, valued at approximately $367 million, has captured significant attention in the cryptocurrency community. The move from one unknown wallet to another has sparked discussions about Ripple’s [XRP] future price potential. At press time, XRP was trading at $2.11, reflecting a 1.95% decline over the past 24 hours. The chart displayed a head-and-shoulders pattern with $2.00 as key support for a breakout. Market sentiment showed caution, with slightly more long positions and rising active addresses. As the market reacts to this transaction, it’s important to analyze current price action, sentiment, and key indicators to assess whether XRP is poised for a breakout or facing further challenges.

XRP Investors Focus on MUTM Token at $0.02

Investors are currently supporting XRP by investing in MUTM at its phase three launch and current price of $0.02. During its presale period, investors paid over $3 million to MUTM, and the system received 5,000 token purchasers before its exchange market entry. The professional analysis of MUTM indicates that investors will achieve a 200% token value appreciation until it reaches $0.06 in the market. New research predicts that MUTM will rise to $1.50 by 2025 due to its DeFi functions and earning capabilities. Under market conditions of volatility, the Ethereum and XRP communities show strong collective interest in purchasing MUTM tokens.