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XRP sails in a volatile consolidation phase since the end of January, which allowed more than 40% of its value compared to its last summit of all time. Although the wider market of cryptography had difficulty in the weight of macroeconomic uncertainty, XRP managed to surpass many altcoins during this slowdown. Several major altcoins have lost more than 60% of their value during the same period, highlighting the relative force of XRP despite the continuous correction.
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The global financial markets remain under pressure, with inflation problems, geopolitical tensions and an uncertainty of interest rates fueling a risk environment. These macro-factors continue to lead it into cryptographic space, to drag the feeling and slow the momentum on most digital assets.
However, data on the health chain revealed an interesting development for XRP. The MVRV ratio (market value / value achieved) has just dived below its mobile average at 200 days – a crossing that historically signals a change in potential macro trend. This could be an early indication of a possible accumulation phase or a deeper correction, depending on the price reaction in the coming weeks.
With high volatility and mixed feeling, XRP’s ability to hold one’s grounds And responding to key signals on the channel will be crucial to determine its next movement.
XRP holds above $ 2 as market voltage constructions
XRP is currently faced with a crucial test because it hovers just above the $ 2 bar – a level of key psychological and structural support. Analysts warn that if this level does not hold, it could trigger a steep correction and send XRP in a deeper drop trend. The market is on board, with the feeling more and more divided and volatile.
Some investors remain optimistic, arguing that XRP is positioned to recover its scope of reach once the macro-conditions stabilize and that market trust. They indicate the relative force of XRP in recent months compared to other altcoins, believing that any recovery through the crypto could quickly go up the XRP in its previous sales beach.
However, others are more cautious, pointing to weaken the momentum and an uncertain price structure. An increasing number of analysts think that XRP could enter a new downward phase, especially if the $ 2 support fails.
Adding to this tension, the best analyst Ali Martinez shared Overview on X Highlighting a key ratio on the chain: the XRP MVRV ratio (market value / value achieved) dropped below its mobile average at 200 days. Historically, this crossing reported a potential change in macro trend in price action. Although it is not intrinsically lower, it often precedes major directional movements – up or down.
As XRP is full of edge, this MVRV signal can be crucial to determine the next leg. If the bulls can contain $ 2 and recover the momentum, XRP could recover quickly. Otherwise, a downward perspective could materialize quickly. The next few days can define the XRP trajectory for the rest of the quarter.
XRP bulls are fighting to maintain key support
XRP is negotiated at $ 2.13 after several days of sustained sales pressure, marking a drop of more than 21% since March 19. The recent slowdown has put the bulls on the defensive, the level of $ 2 now acting as a critical support zone. If XRP does not hold above this brand, it could confirm a change towards a downward trend and open the door down in the short term.
For the bulls to resume the momentum, defending $ 2 is essential – but maintaining support alone will not be sufficient. XRP must also recover the level of resistance of $ 2.40, which acted as a ceiling during recent attempts to break higher. A successful decision above $ 2.40 could rekindle the bullish feeling and potentially push XRP to new peaks of all time.
However, the wider market remains fragile and the confidence of investors is trembling in the middle of macroeconomic uncertainty. Ventilation less than $ 2 would probably trigger increased sales pressure and confirm that recent recovery was only a temporary rebound in a larger corrective structure.
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The next few days are essential for XRP. Whether the bulls can defend $ 2 and start a recovery, or if the bears take control, will determine the next direction of the trend.
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