Connect with us

Crypto World

What next for Ripple-linked token as it fails to break above $1.45

Published

on

What next for Ripple-linked token as it fails to break above $1.45

XRP moved lower after another rejection near resistance, with rising volume confirming sellers remain in control of the short-term trend.

News Background

  • XRP has struggled to regain momentum since its July 2025 peak, continuing to trade within a broader corrective structure. The token remains roughly 60% below that high as market participants debate whether the current consolidation represents accumulation or continuation of the downtrend.
  • Institutional positioning has offered mixed signals. Spot XRP ETFs have accumulated roughly $1.24 billion in inflows over the past four months, while on-chain data shows large wallets adding to positions during recent dips.
  • At the same time, derivatives activity has cooled significantly, with open interest declining sharply since late 2025 as leverage unwinds across crypto markets.
  • Ripple’s supply dynamics also remain steady. The company re-locked 700 million XRP into escrow on March 1 as part of its routine supply management cycle.

Price Action Summary

  • XRP declined 3.3%, falling from $1.4588 to $1.4108
  • Price repeatedly failed to hold above the $1.43–$1.45 resistance zone
  • Volume surged 74% above average during the main selloff
  • A late-session break below $1.411 confirmed downside momentum

Technical Analysis

  • The key technical event was the rejection from the $1.43–$1.45 resistance band, which triggered a sequence of lower highs and reinforced the prevailing descending channel structure.
  • Once $1.411 support gave way on elevated volume, downside momentum accelerated, pushing XRP toward the $1.40 area. Short-term structure now favors sellers while price remains below the prior support zone.
  • Despite the weakness, the broader chart shows compression forming between downward resistance and rising support, with a potential triangle structure approaching its apex. This suggests the market may be nearing a larger directional move once current consolidation resolves.
  • Key levels now cluster around $1.40 support and $1.43–$1.45 resistance.

What traders say is next?

  • Traders are closely watching whether XRP can stabilize above $1.40.
  • Holding this level could allow the token to consolidate before attempting another move toward $1.45 and eventually $1.55, which analysts view as the first level that would weaken the broader bearish structure.
  • A break below $1.40, however, would likely shift focus toward deeper support around $1.33, with some analysts pointing to the $1.00 zone as a potential longer-term reset area if selling pressure accelerates.

Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto World

Altcoin Season ‘Game Is Over’: Matt Hougan

Published

on

Altcoin Season 'Game Is Over': Matt Hougan

The euphoric altcoin seasons where almost every cryptocurrency rises across the market are probably not coming back, says Bitwise investment chief Matt Hougan.

“I think that game is over. I think we’ll see a non-traditional altcoin season,” Hougan said in an interview on Wednesday. “An altcoin season that rewards assets with real-world traction and real-world application.”

“I don’t think we’ll see the sort of rising tide lifts all buckets where you rotate from Bitcoin to ETH to DeFi to NFT pictures of rocks.”

Hougan said future altcoin seasons could instead see the market “rerate” certain tokens, particularly those tied to what he described as “huge businesses.”

Advertisement

Altcoin season likely to be “more differentiated”

“I just think it’ll be more differentiated than previous altcoin seasons,” Hougan said.

Matt Hougan (left) speaking to Paul Barron (right) on Thursday. Source: YouTube

Crypto traders typically expect, based on past cycles, that Bitcoin (BTC) would first reach new all-time highs, then capital will rotate into Ether (ETH) and then into altcoins, kicking off altcoin season.

As for Bitcoin, which recently fell as low as $60,000 in February, Hougan said it was “starting to bottom and trend higher.” Bitcoin is trading at $70,237 at the time of publication, according to CoinMarketCap.

Altcoin season debate continues

The altcoin season debate has divided the crypto industry, with crypto analyst Matthew Hyland saying in November that traders should have confidence in an altcoin season arriving soon, citing the Bitcoin dominance chart as “bearish for many weeks.”

Related: 38% of altcoins near all-time lows, worse than FTX crash: Analyst

Advertisement

In December, BitMEX co-founder Arthur Hayes said, “There is always an altcoin season happening.”

“[If you’re] always saying altcoin season isn’t there, [it’s] because you didn’t own what went up,” Hayes said.

Crypto sentiment platform Santiment said on Wednesday that mentions of altcoins on social media reached their lowest level in two years, while indicators suggest investors are focusing on Bitcoin. 

Magazine: Bitcoin may face hard fork over any attempt to freeze Satoshi’s coins

Advertisement