Connect with us
DAPA Banner

Crypto World

XRP price risks drop to 50 cents, single-print candle theory holds

Published

on

XRP price risks drop to 50 cents, single-print candle theory holds - 1

XRP price remains vulnerable to further downside as unresolved single-print imbalances continue to exert technical pressure toward the $0.50 support zone.

Summary

  • Value area low has been lost, confirming bearish continuation
  • Single-print imbalance remains unfilled, acting as a downside magnet
  • $0.50 is critical support, where a potential macro pivot may form

XRP (XRP) price action has turned decisively bearish following an impulsive move to the downside, with structural weakness continuing to dominate the chart. After losing key value levels, the market has failed to regain bullish control, despite short-lived buying reactions.

From a long-term perspective, XRP appears to be trading within a broader corrective phase, with unfinished price structures remaining exposed below current levels.

Advertisement

One of the most notable technical features influencing the current outlook is the presence of a single-print candle imbalance. This structure, which often acts as a magnet for price, suggests that XRP may need to trade lower to complete unfinished auction activity before any meaningful macro pivot can occur.

XRP price key technical points

  • Value area low has been lost, confirming bearish continuation
  • Single-print imbalance remains partially unfilled, creating downside magnet
  • $0.50 marks the base of the single-print structure, a critical high-timeframe level
XRP price risks drop to 50 cents, single-print candle theory holds - 1
XRPUSDT (1W) Chart, Source: TradingView

XRP’s decline accelerated after the price failed to hold above the value area low, a key indication that buyers were unable to maintain acceptance at higher prices. Once this level was lost, the price fell aggressively, producing a bearish impulse that established a new swing low around $1.11.

Although price has since printed a buying tail, suggesting short-term demand, this reaction has not altered the broader market structure. Lower highs and weak follow-through continue to define price behavior, indicating that any upside moves remain corrective rather than trend-changing. As long as XRP remains below reclaimed value, downside risk stays elevated.

Understanding the single-print candle imbalance

Single-print candles occur when price moves rapidly through a zone without sufficient two-way trade, leaving behind an area of inefficiency. From a market profile and auction theory perspective, these zones are often revisited as price seeks to rebalance and complete unfinished business.

Advertisement

In XRP’s case, a high-timeframe single-print structure has been exposed, with only part of the imbalance filled during the recent decline. The upper portion of the single prints has already been retraced, but the base of the structure remains open. This unfinished area is located near the $0.50 level, creating a strong technical incentive for price to rotate lower.

Historically, markets show a high probability of revisiting these imbalances, particularly when broader structure aligns with bearish momentum, as is currently the case with XRP.

$0.50 emerges as a critical support zone

The $0.50 region is not only the base of the single-print candle but also aligns with a high-timeframe support zone. This convergence increases the importance of this level and makes it a key decision point for the market.

Advertisement

A move toward $0.50 would likely represent a continuation of the current corrective phase rather than a breakdown into uncharted territory. Such moves are often necessary to flush remaining weak hands and reset positioning before a potential macro pivot can form.

However, reaching support does not automatically imply a reversal. The reaction quality at $0.50, including volume expansion, rejection wicks, and structural behavior, will ultimately determine whether XRP can form a durable bottom or continue consolidating at lower levels.

What to expect in the coming price action

From a technical, price-action, and market-structure perspective, XRP remains biased toward further downside until the exposed single-print imbalance is fully resolved. The $0.50 level stands out as the most likely target for this rebalancing process and a zone where the market may attempt to establish a macro pivot.

If price reaches this level and shows strong acceptance and demand, it could mark the beginning of a broader base-building phase. Conversely, a weak reaction or continued acceptance below support would suggest prolonged consolidation before any sustained recovery.

Advertisement

For now, XRP remains structurally weak despite a short-term balance, with incomplete auction dynamics favoring a continuation of the lower trend. Traders should closely monitor how price behaves as it approaches the $0.50 region, as this area is likely to define the next major phase of XRP’s market cycle.

Source link

Advertisement
Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Crypto World

Oil Rose 3% to Open the Week: Here’s What Moved the Market on Monday

Published

on

Oil prices jumped more than 3% on Monday, pushing Brent crude above $116 a barrel. West Texas Intermediate (WTI), the US benchmark, climbed to roughly $102 per barrel.

The latest rise comes as the US-Israel war on Iran entered its fifth week with no signs of abating.

Oil Extends Its War-Fueled Rally 

Several escalatory developments over the weekend fueled the surge. President Donald Trump told the Financial Times he could possibly seize Kharg Island, the terminal that handles roughly 90% of Iran’s crude exports.

Follow us on X to get the latest news as it happens

Advertisement

The US president struck a mixed tone on diplomacy with Iran, saying he was “pretty sure” of making a deal with Iran but conceding that talks could still collapse.

Meanwhile, Iran’s parliament speaker warned that Tehran would “set them on fire” when American forces arrived and promised consequences for US-allied nations in the region. 

The oil price surge is far from over, according to market analysts, who warn that the prolonged closure of the Strait of Hormuz could drive crude even higher.

Advertisement

“A scenario in which the Strait remains closed for an additional month would be consistent with oil prices rising towards $150/bbl and constraints on industrial consumers of energy supply,” Bruce Kasman, global head of economics at JPMorgan, said.

According to Bloomberg, US officials and Wall Street analysts have also begun discussing the possibility of crude reaching $200 per barrel.

Subscribe to our YouTube channel to watch leaders and journalists provide expert insights

Asian Stocks Tumble, Crypto Feels the Pressure

The energy shock rippled across Asia. Google Finance data showed that Japan’s Nikkei 225 fell over 4.5%, while South Korea’s KOSPI dropped more than 4.3% as import-dependent economies repriced risk.

The volatility has spread to crypto markets, with asset prices dipping early in the morning before rebounding. 

Advertisement

“The market briefly crashed just now — ETH dropped below $1,940 and BTC fell below $65,000,” Lookonchain reported.

Oil above $100 per barrel continues to pressure risk assets by fueling inflation expectations and delaying anticipated Federal Reserve rate cuts.

The post Oil Rose 3% to Open the Week: Here’s What Moved the Market on Monday appeared first on BeInCrypto.

Advertisement

Source link

Continue Reading

Crypto World

Lido DAO Mulls $20M LDO Buyback to Boost Token Price

Published

on

Lido DAO Mulls $20M LDO Buyback to Boost Token Price

Lido’s decentralized autonomous organization is considering a one-off $20 million buyback of its governance token to address so-called price dislocation, which is at “historically depressed levels” relative to Ether, according to the DAO. 

The proposal, submitted Friday, seeks permission to swap 10,000 Lido Staked Ether (stETH) tokens, currently worth $20 million from the DAO’s treasury for Lido DAO (LDO), arguing that LDO is undervalued.

“This is not a routine fluctuation. It represents one of the most significant dislocations between LDO’s market price and its underlying protocol fundamentals in the token’s history.”

A token buyback of this size could boost the price of the token, which has fallen roughly 96% from its all-time high. In November, a Lido DAO member pitched an automated buyback mechanism for LDO to improve the token’s price. However, that proposal hasn’t been implemented.

LDO’s change in price relative to ETH since 2024. Source: Lido DAO

Lido DAO pointed out that LDO is trading at a steep discount to Ether (ETH) at a ratio of 0.00016, roughly 63% below its two-year median.

This is despite the protocol holding the top spot of the Ethereum liquid staking market, with a 23.2% share of staked Ether, according to Dune Analytics data. The protocol’s dominance has even been flagged as a centralization risk to the network in previous years.

Advertisement
Share of Ethereum network validators. Source: Dune Analytics

Related: Ethereum builders propose ‘economic zone’ to tackle L2 fragmentation 

LDO is currently trading at $0.30, down 95.9% from its $7.30 high set in August 2021, according to CoinGecko data. LDO’s $255 million market cap makes it the 141st largest token by value at the time of writing.

“That dislocation is not justified by a proportional deterioration in protocol performance,” Lido DAO said. 

Lido DAO proposes buying stETH in batches

Lido DAO proposed buying up to 10,000 stETH in smaller batches of 1,000 to buy LDO. 

Lido DAO said it would use limit orders or adopt a dollar-cost averaging strategy to avoid market volatility. 

Advertisement