Altcoins News
By Julie Binoche
1 / 14
Peter Brandt's Bearish Forecast. Peter Brandt, a respected figure in the world of technical analysis, has raised alarms about XRP’s…
2 / 14
XRP’s Struggle to Surpass $2.5. Despite positive developments on the SEC lawsuit front, Ripple’s XRP has been stuck in a downtrend…
3 / 14
On-Chain Signals: Weak Outlook for XRP. On-chain signals are also painting a rather grim picture for XRP.
4 / 14
Accumulation and Potential for a Rally. Despite the bearish signals, some on-chain data offers a glimmer of hope for XRP bulls.
5 / 14
Conclusion: Caution for XRP Holders. While XRP has shown resilience in the past, the current market signals are cautionary.
6 / 14
Ripple’s XRP has been under significant pressure lately, failing to sustain momentum despite some positive updates regarding its ongoing lawsuit with the SEC.
7 / 14
Brandt's analysis emphasized the range-bound nature of XRP’s price action. He warned that any price movement below $1.
8 / 14
Despite positive developments on the SEC lawsuit front, Ripple’s XRP has been stuck in a downtrend throughout Q1 2025. The token has shed around 30% from its record high of $3.
9 / 14
Although the recent legal updates had fueled some hope for Ripple’s supporters, the market has been largely unresponsive, and XRP has not demonstrated the strength needed to…
10 / 14
On-chain signals are also painting a rather grim picture for XRP. Data from Santiment highlights that the number of active addresses on the XRP Ledger has dropped dramatically.
11 / 14
Moreover, Santiment's MVRV Z score, which tracks whether an asset is overvalued or undervalued relative to its price, also points to XRP being overpriced at current levels.
12 / 14
Despite the bearish signals, some on-chain data offers a glimmer of hope for XRP bulls. According to data from Coinglass, a significant amount of XRP has been withdrawn from…
13 / 14
However, for this scenario to unfold, XRP would need to hold key support levels. The $2 and $1.4 price levels remain crucial for the token's short-term outlook.
14 / 14
While XRP has shown resilience in the past, the current market signals are cautionary. With Peter Brandt’s bearish forecast and weakening on-chain signals, XRP could face a sharp…
The Currency Analytics
Want the full story?