This is the 244,000,000 dollar trading sign

XRP remained installed in about $ 2.35 for most of Thursday, March 27. Over the past thirty days, traders have deployed nearly $ 400 million in registered short situations, preventing XRP from key resistance levels. How will the price of XRP interact in April 2025?

Ripple (XRP) runs at $ 2.35, where traders are still hesitant to sell

Ripple (XRP) has achieved noticeable gains during the past week, largely driven by the decision of the US Securities and Stock Exchange (SEC) to drop the fees against Ripple.

Many market participants expected a sharp correction after the 10 % gathering on Monday, assuming that big investors will perform the “Sell-The News” event.

However, the continuous upcoming upward feelings, along with fresh fluctuations from declaring a 25 % car tariff of Trump, helped to maintain stability.

Market data from CoinMarkcap indicates that the price of the ripple decreased briefly to $ 2.30 before the bounce to $ 2.35 at the time of the press. This recovery inside the day indicates strong purchase support at the current levels.

A short crane group appears from XRP 244 million dollars at $ 2.60, as the bears look forward to avoiding the outbreak of $ 3

While the immediate market morale has been optimistic, XRP databases that can hinder other price gains.

Coinglass The filter data is noticeable between short and long lifting functions.

Over the past thirty days, Bears have put $ 404 million in short record-30 % more than $ 283 million in active long jobs.

The most important concentration of these short situations, which total $ 244 million, gathered around the level of $ 2.60.

This large volume of short situations at $ 2.60 may explain the cause of the XRP conflict to violate this resistance level, despite strong basic stimuli such as SEC that falls against Ripple.

When the price of XRP approaches $ 2.60, the flow of sales orders from neighboring short positions imposes a recovery, which effectively forming the upper momentum.

Until short positions or bulls are filtered enough to demand the absorption of sales pressure, XRP may continue to face strong resistance at $ 2.60, which delays a possible outbreak of about 3 dollars.

XRP prices: Bulls Convrugge where XRP faces major resistance at $ 2.40, eyes of $ 2.00 support

The price of XRP remains under pressure, and it is traded at $ 2.35, as it is struggling to restore the main resistance levels. The Daily Chart displays mixed signals, representing SMA for 50 days at $ 2.52 as a major obstacle to the upward trend, while support at $ 2.00 is still a decisive level of defense.

The declining graph in MACD proposes a bullish momentum, as the MACD line is near zero mark. These indications are that purchasing pressure fades, leaving a possible negative movement.

The equivalent SAR points above the current price indicate a declining direction, which enhances the possibility of increasing the sale pressure. In addition, a decrease in size confirms that there is no strong emerging conviction.

However, if XRP regains $ 2.40 and closes over SMA for 50 days, the upcoming upholstered momentum may raise 2.60 dollars. Failure to keep more than $ 2.30 to expose XRP to more declines, as the bears looks at the psychological level of $ 2.00 as the next support. The decisive step of less than $ 2.00 would confirm a declining collapse, and open the door for more losses about $ 1.76.

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Ibrahim

The encryption analyst that covers the derivative markets, macro trends, technical analysis and Defi. His business is characterized by in -depth market visions, price expectations and institutional research on digital assets.

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