XRP Price Analysis: Key Support Levels and Market Sentiment
Ripple (XRP) has recently faced significant downward pressure, breaking below the critical 200-day moving average at $1.8. The cryptocurrency is now testing a key support zone near the 0.618 Fibonacci level at $1.6, which coincides with the lower boundary of a wedge pattern. A breach of this level could trigger a substantial downturn. The decline has been attributed to a risk-off market sentiment and distribution behavior linked to global tariff tensions. This analysis explores whether XRP is out of the danger zone or if further downside is imminent.
Ripple Price Analysis: Is XRP Out of the Danger Zone?
Ripple has notably declined due to escalating tariff wars, breaking below the crucial 200-day moving average at $1.8. The price still faces a key support zone NEAR the 0.618 Fibonacci level at $1.6, which aligns with the wedge’s lower boundary. If this level is breached, the asset could experience a substantial downturn. The downward pressure was driven by a risk-off market sentiment and distribution behavior linked to global tariff tensions, reinforcing bearish sentiment as market participants shift toward safer assets like gold.
First Leveraged XRP ETF Launches In The US
Teucrium Investment Advisors has launched the first-ever Leveraged exchange-traded fund (ETF) tied to XRP in the United States. The fund, officially titled the Teucrium 2x Long Daily XRP ETF, will begin trading on NYSE Arca under the ticker XXRP. The ETF is structured to deliver twice the daily return, using synthetic exposure through swap agreements rather than direct spot market purchases. It gains exposure through “total return swap agreements” referencing a calculated daily value based on a mix of third-party XRP benchmarks and European-listed exchange-traded products (ETPs).
Ripple Acquires Hidden Road for $1.25 Billion To Boost XRP and RLUSD Utility
Ripple has acquired Hidden Road for $1.25 billion, making it the first cryptocurrency company to own a multi-asset prime broker operating globally. Hidden Road serves over 300 institutional clients and clears around $3 trillion in trades annually across various markets. The acquisition aims to address the lack of reliable infrastructure for institutional investors in the crypto sector. By integrating Hidden Road’s services, Ripple plans to offer financial institutions a complete suite of trading and clearing tools that meet traditional finance standards. Ripple’s large balance sheet will allow Hidden Road to expand its services and operations globally.
Ripple To Acquire Hidden Road For $1.25 Billion: XRP To Rally?
Ripple has announced it will acquire prime brokerage firm Hidden Road for $1.25 billion. This is the most significant purchase for the fintech company. Hidden Road currently clears more than $3 trillion yearly across various markets and serves over 300 institutional clients. The acquisition will migrate Hidden Road’s post-trade activity across XRP Ledger (XRPL), highlighting the Ripple blockchain’s capabilities for institutional use.
