Ripple’s XRP has finally emerged from a three-year downtrend, but the latest market correction has rattled investor confidence. Currently hovering around the critical $2 support level, XRP’s next move could dictate its short-term trajectory. A decisive break below $2 may trigger a steep decline, while a rebound could ignite a fresh rally. Analysts remain split on what comes next, leaving traders on edge.
XRP Price Faces Critical Test
The recent crypto market slump hit major assets hard, and XRP was no exception. The price briefly dipped to $1.95 before recovering above $2. Trading volume surged 30% to $9.55 billion, highlighting intense market activity. Additionally, liquidations soared to $36.17 million, with long positions suffering the most.
#XRP will teleport to $30+! 🚀
— STEPH IS CRYPTO (@Steph_iscrypto) March 10, 2025
You're not bullish enough. pic.twitter.com/k3hzrqF3eR
Some experts remain optimistic. Crypto analyst Bitcoin Buddha suggests XRP is nearing a reversal, warning that selling now might be premature. He points to XRP’s breakout from its prolonged downtrend as a bullish signal. However, analyst Ali Martinez adopts a more cautious stance. He warns that a daily close below $2 could confirm a head-and-shoulders breakdown, signaling a shift toward bearish territory. If this pattern holds, XRP could plummet to $1.20.
Institutional Investors Stay Bullish
Despite market turbulence, institutional investors continue to show confidence in XRP. The latest CoinShares report reveals strong inflows into the asset, even surpassing Bitcoin and Ethereum. Over the past week, XRP attracted $5.6 million in institutional investments, while Bitcoin suffered outflows of $756 million. Ethereum followed with $89.2 million exiting the market.
This growing institutional interest suggests long-term optimism, especially with Ripple’s ongoing legal battle against the SEC nearing resolution. Many investors believe a favorable court ruling could catapult XRP to new highs, potentially setting the stage for a sustained bull run.
Also Read: XRP Price Eyes 46% Surge as Ripple Secures Dubai License and SEC Case Nears End
Will XRP Hold the Line?
All eyes are now on the $2 support level. If XRP holds firm, renewed bullish momentum could follow. However, a breakdown below this critical threshold might trigger panic selling. The coming days will be crucial in determining XRP’s next major move, making it a decisive moment for traders and investors alike.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. Coin Brief is not responsible for any financial losses.
