XRP News: Recent Decline in Price, But Medium-Term Fundamentals Remain Strong

XRP Price Prediction for March 28

XRP’s current price of $2.19 shows recent short-term weakness, with a 6.65% drop over the last 24 hours and a 3.90% decrease over the last 30 days. This decline might be due to profit-taking, temporary market uncertainty, or broader market events. However, medium-term fundamentals for XRP might still be intact, as its inherent utility in cross-border transactions and widespread adoption continue to play a crucial role in its valuation.

What to Expect from XRP Price in April 2025

Despite positive catalysts, XRP remains stuck in a consolidation phase. Temujin Louie, CEO of Wanchain, believes the SEC dropping its lawsuit against Ripple Labs is positive but hasn’t triggered an immediate surge in XRP’s value. The ongoing hype and discussions surrounding potential XRP ETFs have also been impacting volatility.

Ripple [XRP] Bearish Signals and Price Levels to Watch

Ripple’s XRP has developed a traditional bearish pattern, the head-and-shoulders, signaling an oncoming bearish trend with a main support point at $2.05. If XRP breaks below this level, it could depreciate quickly towards the $1.30-$1.20 region. Sustaining above $2.05 might delay the bearish breakdown, with potential upward movements between $2.40-$2.60. However, breaking above $3 would invalidate the current bearish pattern and flip the outlook bullish. The flip to bullish is hindered by increased stablecoin reserves across exchanges, signaling profit-taking in the market.

XRP Price Forecast: Downtrend Risk Due to Weak On-chain Activity and Rising Supply

XRP’s price and on-chain activity have remained flat despite positive news of the SEC dropping its appeal against Ripple. However, XRP’s rising supply could exert downward pressure on its price if demand does not increase. There is a risk of a further decline to $1.35 if the Head and Shoulders pattern is validated. Additionally, XRP has been impacted by macroeconomic factors, including tariff threats from US President Donald Trump and rising US inflation, causing a 7% drop on Friday. The cryptocurrency has also suffered a 35% drawdown from its January peak of $3.40 due to Trump’s tariff threats.