XRP continues to show strength despite recent market volatility. While Bitcoin experienced sharp moves, XRP’s price action has remained relatively stable. As of now, XRP is trading around $2.20, with strong support forming between $2.17 and $2.23.
Looking ahead to next week, several key economic events could cause short-term swings in the broader crypto market. On Wednesday, investors will closely watch the core PCE inflation report and GDP data, followed by jobless claims and manufacturing PMI on Thursday. Friday’s unemployment data will round out the week. Although this data can trigger intraday volatility, analysts believe it is unlikely to shift XRP’s long-term trend unless results differ significantly from forecasts.
From a technical perspective, XRP remains within a broader trading range, despite recent lower highs and lower lows. Analysts suggest this movement still supports the idea of consolidation rather than a full downtrend. XRP might briefly dip toward $2.05, but a continuation to $2.35 or $2.40 appears more likely if current support levels hold.
Volume for XRP remains relatively low, but its 84% correlation with Bitcoin means it may mirror BTC’s movements in the short term. For now, XRP is holding steady, and unless there is a major shift in macroeconomic data, it may see gradual upward movement in the coming days.
XRP is up more than 8% over the past seven days, but it hasn’t been able to maintain the strong momentum sparked by the SEC dropping its lawsuit against Ripple.
After the initial surge, XRP has entered a phase of consolidation, with price action stuck between key support and resistance levels. Technical indicators now reflect a market on pause, with momentum fading and direction unclear.
RSI has now slipped closer to neutral territory, suggesting that market participants are increasingly uncertain about the next move.
Importantly, XRP hasn’t reached RSI levels above 70—commonly associated with overbought and strongly bullish conditions—since March 19, over a week ago, indicating a lack of strong buying pressure during this period.
RSI, or Relative Strength Index, is a widely used momentum oscillator that measures the speed and change of price movements on a scale from 0 to 100.
An RSI reading above 70 typically signals that an asset is overbought and could be due for a pullback, while a reading below 30 suggests it may be oversold and primed for a bounce. Values between 50 and 70 generally reflect bullish momentum, whereas readings between 30 and 50 lean bearish.
With XRP now sitting at 52.89, it remains above the midpoint but is edging closer to neutral, suggesting the recent bullish phase may be cooling off unless renewed buying activity steps in.
Ichimoku Cloud Shows An Indecisive Market
XRP’s Ichimoku Cloud chart shows a market in consolidation, with price action hovering just above the cloud but lacking strong momentum.
The Tenkan-sen and Kijun-sen lines are relatively flat and close together, indicating a pause in trend strength and a balance between buyers and sellers.
The lack of a clear Tenkan/Kijun crossover also supports the idea that the market is in a neutral phase rather than trending decisively in either direction.
The cloud ahead is thin and slightly bullish. This suggests that while there is some support beneath the price, it’s not particularly strong.
A thin cloud typically signals potential vulnerability, as it may not hold up well against increased selling pressure. Meanwhile, the Chikou Span (lagging line) is interacting closely with past price action, another sign that momentum is weakening.
Overall, the Ichimoku setup reflects uncertainty, with XRP needing a decisive push in either direction to escape this range-bound structure.
The price is now caught between a resistance zone at $2.47 and support at $2.35. That highlights a phase of consolidation and indecision.
If the current support level is retested and fails to hold, XRP could see increased selling pressure. That would open the door for a move down to $2.22. If bearish momentum intensifies, a deeper drop toward $1.90 is possible.
An anonymous crypto trader has faced the real impact of the crypto market’s volatility as his $19M bet resulted in a $17M loss within a month. Although the Trump trade war is to blame for the ongoing bearish conditions of the financial market, the Mantra (OM) price crash came unexpectedly, leaving many, including this crypto investor, in massive loss. Let’s discuss what went wrong.
Crypto Trader Lost $17M in Mantra Price Crash
According to the Data Nerd X post, a crypto trader with wallet address 0x5AC lost nearly $17M in unrealized loss, as the individual bet on the OM token. The on-chain activity reveals that the traders spent $18.7M to buy 2.9M OM in the previous month.
However, due to the Mantra price crash, the same $18.7M resulted in the $17M unrealized loss. This came to attention as the crypto investor deposited 1.724M OM on the Binance exchange two days ago, potentially to sell.
He is still left with 1.173M OM, worth only $585k at the current price, and the recovery seems challenging. Notably, a bunch of other traders lost $400M in the Mantra crash.
How’s Mantra Trading Today & Will it Recover Further?
The Mantra price crash led to wiping out billions from the market. The team reveals that the whales’ liquidation on the centralized exchanges has resulted in this incident, affecting all holders, including the aforementioned crypto trader.
Even now, the OM price is down, currently trading at $0.5328 with a market capitalization of $505.44M. Interestingly, the token is attempting recovery today, as the value is up 5% due to high trading volume and investor activity after MANTRA announced 300M token burn.
However, despite that, the broader trajectory remains bearish for the token.
The ongoing bearish conditions amid the Trump tariff and delayed Fed rate cut are affecting the investors’ sentiments, challenging the Mantra’s price recovery.
Circle has rolled out its Circle Payments Network (CPN), designed to change the landscape for cross-border transactions. The new offering attempts to snag market share for Ripple Payments, pitting both heavyweights in a scramble for dominance.
Circle Launches CPN For Cross-border Payments
Stablecoin issuer Circle has announced a payments network for financial institutions offering real-time and cost-effective payments. According to the announcement on X, the Circle Payments Network will provide round-the-clock, low-cost, and near-instant settlement for financial institutions.
Per the statement, CPN will lean on Circle’s stablecoins USDC and EURC for settlement, sidestepping traditional bottlenecks. The stablecoin issuer says CPN will support invoice payments, remittances, treasury services, and contractor payouts.
“By orchestrating stablecoin payments, Circle Payments Network enables payment providers to unlock new markets and new business models faster than ever before,” said Circle CTO Nikhil Chandhok.
Circle is hitting the ground running, racking up a raft of design partners for CPN in the first wave. The list includes 20 design partners, including Flutterwave, CoinMENA, Coins.ph, WorldRemit, and Yellow Card amongst others.
Apart from near-instant settlement times, Circle is offering partner financial institutions with easy onboarding via a single tech stack. Circle has tapped Deutsche Bank, Santander, Standard Chartered, and Societe Generale as advisors in the CPN project.
“We are not just building stablecoins,” said the stablecoin issuer. “We are building a modern infrastructure for global payments.”
The passage of the STABLE Act is providing regulatory direction for stablecoin issuers like Circle as they seek to expand the scope of their offerings.
CPN Will Compete With Ripple Payments
Circle’s launch of CPN will jostle with Ripple Payments for market share in the coming months. Ripple currently enjoys a first-mover advantage in the ecosystem following the launch of its On-Demand Liquidity (ODL) offering.
Running on the XRP Ledger, Ripple Payments allows banks to process international transactions at a lower cost than traditional alternatives. However, CPN is poised to be a direct competitor to Ripple Payments given its slew of initial partnerships.
Ripple has a trove of partnerships under its belt, but an integration with SWIFT is tipped to be the icing on the cake for adoption metrics and XRP price. Both Ripple and XRP are mulling over the prospects of an IPO
Circle and Ripple are currently jostling for positions following the intention of the US to lean on stablecoins to preserve the dollar’s dominance. Circle argues that USDC is the largest regulated stablecoin with a market capitalization of $60.91 billion. On the flipside, Ripple says its RLUSD is the fastest-growing US dollar-denominated stablecoin in the ecosystem, recording a 100% spike in trading volumes on the tailwind of glowing fundamentals.
