{"id":56782,"date":"2025-04-04T09:10:26","date_gmt":"2025-04-04T09:10:26","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=56782"},"modified":"2025-04-04T09:10:26","modified_gmt":"2025-04-04T09:10:26","slug":"good-news-for-ripple-investors-is-xrp-preparing-for-a-rebound","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=56782","title":{"rendered":"Good News for Ripple Investors: Is XRP Preparing for a Rebound?"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Ripple\u2019s ability to defend from a price drop below the critical support at $2 could be a proper entry signal.
\nThe narrative is also supported by a popular technical indicator, which just flashed a buy signal.<\/p>\n

<\/a><\/p>\n

The past week didn\u2019t go well for the fourth-largest cryptocurrency, which is down by over 6% within this timeframe. Thursday evening was a particularly painful trading period for the asset as Trump\u2019s latest tariffs pushed<\/a> it south to a three-week low of $1.96.<\/p>\n

This meant that XRP had lost<\/a> roughly 25% of its value since March 19, when it peaked at $2.6 after the announcement<\/a> by Ripple\u2019s CEO, Brad Garlinghouse, that the lawsuit against the US SEC had effectively ended.<\/p>\n

Nevertheless, the cross-border token reacted well to the brief slip below the key support line at $2 and bounced off above it almost immediately. The past 12 hours or so have been more promising as XRP now trades at $2.1.<\/p>\n

Renowned crypto analyst Ali Martinez highlighted<\/a> the importance of the $2 support numerous times in the past, warning that XRP could slump to $1.2 if it breaks to the downside. Now that it managed to defend the asset, it could be the propeller of another rally.<\/p>\n

Martinez substantiated his position by mentioning the TD Sequential \u2013 a metric that shows the market exhaustion in either direction. According to the analyst, the technical indicator had flashed a buy signal on the daily after XRP held above $2, which could trigger a trend reversal and lead to upcoming gains.<\/p>\n

$XRP<\/a> could be setting up for a rebound! Holding above $2 while the TD Sequential flashes a buy signal! pic.twitter.com\/LZBaQxvb2N<\/a><\/p>\n

\u2014 Ali (@ali_charts) April 3, 2025<\/a><\/p>\n\n

This prediction is in stark contrast to the concerning developments<\/a> around ADA and LINK, where whales had started to offload substantial portions of both assets.<\/p>\n

The post Good News for Ripple Investors: Is XRP Preparing for a Rebound?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Ripple\u2019s ability to defend from a price drop below the critical support at $2 could be a proper entry signal. The narrative is also supported by a popular technical indicator, which just flashed a buy signal. The past week didn\u2019t go well for the fourth-largest cryptocurrency, which is down by over 6% within this […]<\/p>\n","protected":false},"author":0,"featured_media":56783,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-56782","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/56782"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=56782"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/56782\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/56783"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=56782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=56782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=56782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}