XRP Price Analysis: Bearish Sentiment Prevails
XRP is trading at $2.05 with a market capitalization of $119 billion, the lowest since March 10, 2025, and December 30, 2024. The 24-hour trading volume stands at $6.51 billion, within an intraday range of $1.97 to $2.19, marking XRP 40.2% below its all-time high.
XRP
The 1-hour chart for XRP reveals a cautious attempt to recover from the $1.96 level, characterized by a nascent higher low formation. Despite some green candles indicating slight buyer interest, the volume remains unconvincing, signaling a lack of bullish commitment at this micro-level. Resistance stands near $2.05, the price point of current rejection. For short-term traders, a retracement to $2.00, if supported by a tight stop below $1.96, presents a scalping window with upside targets at $2.05 to $2.10. However, without a corresponding increase in volume, the potential for sustained upside appears limited.
XRP/USDT 1H chart via Binance on April 3, 2025.
On the 4-hour chart, the broader structure remains bearish-to-neutral following a pronounced decline from $2.233 to $1.96. An attempted bounce back failed to breach the $2.10 level, affirming strong resistance overhead. This timeframe shows large red-bodied candles underscoring persistent selling momentum, with bounce attempts met by reduced volume. A bullish reversal in the $1.96 to $2.00 region, especially if paired with candlestick patterns like a hammer or bullish engulfing and an uptick in volume, could offer a viable entry. Targets for profit-taking lie in the $2.15 to $2.20 range, though caution remains warranted due to prevailing weakness.
XRP/USDT 4H chart via Binance on April 3, 2025.
The daily chart paints a distinctly bearish picture. Price action has consistently formed lower highs and lower lows following rejection near the $2.999 mark. A significant support zone has emerged at the $1.90 level, tested twice and held, while overhead resistance remains formidable between $2.40 and $2.60. Volume analysis reinforces this downtrend; heavy trading accompanied the price drop, contrasting with the declining volume on recent green candles—indicating tepid buy-side interest. Until XRP retests and holds the $1.90 support with a clear bullish reversal, entering long positions may carry elevated downside risk.
XRP/USDT 1D chart via Binance on April 3, 2025.
Oscillator readings are broadly neutral, with the relative strength index (RSI) at 38.3, the stochastic at 14.4, and the commodity channel index (CCI) at -143.7, all suggesting a market lacking strong momentum in either direction. The average directional index (ADX) at 16.8 confirms a weak trend presence, while the awesome oscillator at -0.219 also supports this neutral stance. The momentum indicator stands at -0.40459 and signals a buy, suggesting some potential upside from oversold conditions. Conversely, the moving average convergence divergence (MACD) level at -0.08634 indicates a sell signal, highlighting lingering bearish pressure in the broader trend.
All key moving averages continue to flash bearish signals, with both the exponential moving average (EMA) and simple moving average (SMA) across the 10, 20, 30, 50, and 100-periods indicating a sell. These values range from $2.16 to $2.50, suggesting XRP’s current price is well below its average trendlines, reinforcing the bearish outlook. Notably, only the 200-period exponential moving average at $1.945 and the simple moving average at $1.817 indicate a buy signal, underscoring long-term investor support at these lower thresholds. Until XRP can reclaim levels above the shorter-term moving averages, any rally attempts should be approached with caution.
Bull Verdict:
For bullish traders, XRP may present a recovery opportunity if price action confirms support above $1.96 with increasing volume and a bullish reversal pattern, particularly on the 1-hour and 4-hour charts. Should the asset reclaim levels above $2.20 and break past the resistance zone near $2.40, a short-term trend reversal could be in motion, especially if momentum and volume indicators turn positive.
Bear Verdict:
For bearish traders, XRP’s technical landscape continues to favor downside risks. The price remains capped below multiple resistance levels on all key timeframes, with the daily chart showing a clear structure of lower highs and lower lows following a strong rejection near $2.999. All significant short- and mid-term moving averages, including the exponential and simple moving averages across the 10 to 100-period ranges, signal sell conditions, confirming bearish momentum is still dominant.