It looks like the XRP Price is ending the month rough, as it has lost 15% of its value over the past week. It went from a weekly high of $2.40 and is now trading at $2.09.
According to CoinMarketCap, it recorded a 3% loss in the last 24 hours as the month ends. Although there were some small price recoveries, the overall trend stayed bearish. Buyers just don’t seem to be stepping in strongly enough to push the price up.
XRP met strong resistance near $2.17-$2.18, where sellers took over and knocked the price back down. A similar thing happened around $2.12-$2.13, showing multiple rejections that buyers were not able to push past these resistance levels. If they can’t break through, the price may keep sliding. If buyers can’t break past these levels, XRP may continue downward into early April.
Crypto analyst Livercoin summed it up: “It’s not looking good brev.” He added that if XRP can’t hold $2.00, the price could sink even lower.
Other analysts are predicting an even bigger drop. Peter Brandt pointed to a bearish pattern that could take XRP all the way down to $1.07. He explained that there’s a head-and-shoulders top formed on the monthly time frame.
This pattern took shape in January this year when XRP price hit its all-time high of $3.40. However, the market has been in a downtrend since then. Brandt said the price would need to break the $3 resistance level to start a rally; if not, it would continue downward to $1.07 or more.
Meanwhile, the entire crypto market has been struggling after U.S. President Donald Trump announced 25% tariffs on foreign cars and Russian oil. Investors panicked, and the Crypto Fear & Greed Index dropped to 34, getting close to the “extreme fear” zone.
Goldman Sachs says these tariffs could cause inflation, which is making things worse for investors. Bitcoin is still holding above $81,000, but altcoins like XRP are feeling the pressure.
XRP’s Chaikin Money Flow (CMF) index has been negative since March 26, meaning whales have been selling their holdings. This is another reason why the price keeps dropping.
Also Read: What will happen to XRP price after SEC closed door meeting?
