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The protracted XRP lawsuit has taken a significant turn, with many wondering why Judge Analisa Torres didn’t drop the case. Amid multiple perceptions, ex-SEC lawyer Marc Fagel weighed in, offering insights into the judge’s decision-making process. Lawyer Explains Why Judge Torres Denied XRP Lawsuit Motion As the XRP community grapples with Judge Torres’ recent decision
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XRP has been down 2.6% in the last 24 hours, reflecting growing technical weakness across multiple indicators. Its price is below $2.40. Its RSI has sharply dropped into neutral territory, signaling fading momentum after nearly reaching overbought levels just one day prior.
The Ichimoku Cloud setup has turned bearish, with the price now trading below key support lines and under a red cloud, indicating increasing downward pressure. Adding to the concern, XRP’s EMAs are on the verge of forming a death cross, a bearish signal that could lead to deeper declines unless a strong recovery emerges.
XRP’s Relative Strength Index (RSI) has dropped to 46.72, falling from 64.86 just a day earlier, indicating a swift loss of upward momentum.
The RSI is a widely used momentum oscillator that ranges from 0 to 100. It helps traders identify overbought and oversold conditions.
Readings above 70 typically suggest an asset may be overbought and due for a correction, while values below 30 indicate oversold conditions that could lead to a bounce. Levels between 30 and 70 are considered neutral and reflect a lack of strong directional trend.
With XRP now sitting at 46.72, the token has returned to a neutral zone, signaling indecision and a potential pause in its previous upward move.
The sharp decline suggests weakening buyer interest, which could lead to further price consolidation or mild downside if market sentiment doesn’t improve.
For bullish momentum to resume, XRP would likely need a bounce in RSI toward the 60–70 range, supported by a broader recovery in crypto markets. Until then, price action may remain range-bound or slightly bearish.
The Ichimoku Cloud chart for XRP shows a bearish shift in momentum. The price has broken below both the Tenkan-sen (blue line) and the Kijun-sen (red line), signaling a short-term trend reversal.
The price action is now positioned beneath the Kumo (cloud), which has transitioned from green to red—an indication that market sentiment is weakening and downward pressure is building.
The red cloud ahead suggests that bearish momentum could continue unless there’s a strong recovery to push the price back above the cloud.
Additionally, the Senkou Span A (leading green line) is trending downward, and the Senkou Span B (leading red line) is flat, showing a loss of bullish momentum and potential for range-bound or declining movement.
Although not clearly shown, the Chikou Span (lagging green line) appears to be below the price action, further confirming a bearish outlook.
Overall, the Ichimoku setup reflects increasing resistance and declining support, suggesting XRP is in a vulnerable technical position unless buyers step back in forcefully.
XRP recently approached the $2.50 zone but faced sharp rejection as Bitcoin’s sudden drop triggered a broader market pullback.
The selling pressure has weighed heavily on XRP’s structure, and its exponential moving averages (EMAs) are now converging in a way that suggests a potential death cross. This bearish crossover typically signals extended downside risk.
If confirmed, this pattern could open the door to a deeper correction, with key support levels at $2.32 and $2.28 in focus. A break below those zones could accelerate losses toward $2.12 and $2.07 if bearish momentum intensifies.
However, the outlook could shift quickly if XRP manages to stabilize and regain upward momentum.
A push back toward the $2.449 resistance would be the first key test for bulls, and reclaiming $2.479 could open the way for a retest of the $2.65 level.
Such a move would likely require a broader recovery in crypto sentiment, particularly from Bitcoin, as well as a clear rejection of the looming death cross. Until then, the technical bias remains tilted to the downside.
The post XRP Struggles to Hold Support as Death Cross Nears appeared first on BeInCrypto.
Amid calls of Bitcoin price rally to $500K and $1 million by 2030, maximalist Willy Woo said that on a realistic basis, BTC’s compounded annual growth rate (CAGR) will drop under 10%, from the current 40%. Woo’s projections come from historical data, setting up some realistic expectations. He explains how BTC is gaining prominence as a global macro asset. Willy Woo Explains Why Bitcoin CAGR Will Drop In the Next Decade Prominent analyst Willy Woo has offered insights into Bitcoin’s Compound Annual Growth Rate (CAGR), highlighting a shift in its growth dynamics over recent years. Woo explained that Bitcoin’s explosive growth phases, like the 100%-plus CAGR seen before 2017, are now part of its history. Woo further stated that 202 was a pivotal year as it became institutionalized, and corporations and sovereign entities began to accumulate the assets. Furthermore, with the arrival of spot BTC ETFs in January 2024, institutional… Read More at Coingape.com
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Bitcoin (BTC) price is rallying the broader cryptocurrency ecosystem. This rebound is encompassing, as altcoins like XRP, Dogecoin, and Cardano have also seen their prices clear immediate resistance levels. When writing, the combined crypto market cap jumped by 4.51% in 24 hours to $2.69 trillion. With Bitcoin price leading the charge, the market may be set to recover the over $1 trillion lost thus far this year.
Per data from CoinMarketCap, the price of Bitcoin is up by 4.68% in 24 hours and trading for $83,014. From a low of $76,624.25 in 24 hours, BTC price rallied as high as $83,577.75 before settling at its current level. Beyond the coin’s price uptick, the trading volume has also jumped by 3%, reaching $57 billion.
XRP price also joined the rally, soaring 7.42% to $2.193. After dropping as low as $0.1453, its lowest in over 90 days, the Dogecoin price also jumped by 7.67% in 24 hours to $0.1669. Cardano followed a similar path, staging a recovery after ADA bears took control around the $0.76 level.
The price actions of this altcoin have also been showcased in the crypto liquidation trend. With short sellers roped in, the market has now recorded over $599 million in 24 hours.
Despite the drawdown in the market over the past few weeks, key ecosystem catalyst have remained a constant. Earlier on March 11, Senator Cynthia Lummis re-introduced the Bitcoin Bill that will aid the delivery of President Donald Trump’s promise.
Shortly before the White House Crypto Summit, the strategic Bitcoin reserve Executive Order had already been signed. However, BTC investors are just pricing in this positive shift with the introduction of the Bill.
Other altcoins have also seen impressive ecosystem shifts in the past few hours. An increase in active addresses on the Ethereum network has boosted social sentiment for XRP, Cardano, and Dogecoin. XRP and altcoin price growth also benefitted from their correlation with BTC.
The trend in the market that has seen a massive recovery does not mean most coins have seen their prices bottom out. Market analysts are still calling for steeper corrections in the coming weeks, a trend considered normal in a bull market cycle.
BitMEX co-founder and former CEO Arthur Hayes has called a $70,000 BTC price bottom in this cycle. However, one underlying agreement is that the market will hit a new top, which many say will be a selective rally moving forward.
The post Why Are Bitcoin, XRP, Dogecoin, and Cardano Prices Going Up Today? appeared first on CoinGape.