{"id":1463,"date":"2025-03-28T14:57:42","date_gmt":"2025-03-28T14:57:42","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=1463"},"modified":"2025-03-28T14:57:43","modified_gmt":"2025-03-28T14:57:43","slug":"xrp-rejected-2-50-sellers-taking-over","status":"publish","type":"post","link":"https:\/\/preprod.investx.fr\/en\/crypto-news\/xrp-rejected-2-50-sellers-taking-over\/","title":{"rendered":"XRP Rejected at $2.50 Again : Are Sellers Taking Over ?"},"content":{"rendered":"\n

XRP : A Tough Rebound Against Resistance<\/strong><\/h2>\n\n\n\n

The XRP<\/a> has consolidated around $2.37<\/strong> after being rejected near the $2.50 level for the third time in two weeks. This resistance zone<\/strong> aligns with a significant supply area visible on the price chart. Despite attempts to rise, the bulls have not managed to firmly establish themselves above $2.50<\/strong>, indicating that sellers still maintain control.<\/p>\n\n\n

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\"xrp<\/figure>\n<\/div>\n\n\n

Source: TradingView<\/p>\n\n\n\n

XRP is trading just above its 50-day moving average at $2.37<\/strong>, but well below the 200-day moving average at $2.52<\/strong>. This mixed technical setup reflects some market indecision<\/strong>.<\/p>\n\n\n\n

Additionally, the Relative Strength Index (RSI<\/strong>) is at 48.48<\/strong>, indicating neutral momentum with a slight bearish bias. A break below the 50-day moving average could expose the asset to a downside risk<\/strong> towards the psychological support zone<\/strong> of $2.00<\/strong>.<\/p>\n\n\n\n

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Low Derivative Interest : A Hurdle for XRP ?<\/strong><\/h2>\n\n\n\n

Data from the XRP futures contracts<\/a><\/strong> chart paints an equally cautious picture. After peaking around mid-January with a value close to $5.8 billion<\/strong>, open interest has gradually decreased and is currently around $2.8 billion<\/strong>.<\/p>\n\n\n

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\"xrp<\/figure>\n<\/div>\n\n\n

Source: Glassnode<\/p>\n\n\n\n

The decline in speculative position<\/strong> suggests that traders are not yet confident in a strong bullish breakout. This is further supported by stagnant volume trends, indicating that recent price action<\/strong> is primarily driven by spot market traders<\/a> rather than leveraged speculators. Without a resurgence in open interest or a change in sentiment, XRP <\/strong>could struggle to overcome its current resistance<\/strong>.<\/p>\n\n\n\n

Outlook for XRP : Opportunities with Weex !<\/strong><\/h2>\n\n\n\n

If XRP fails to defend the $2.35 zone<\/strong>, a drop to $2.00<\/strong> could follow. On the positive side, a solid daily close above $2.50<\/strong> with volume confirmation would invalidate the bearish setup and pave the way towards the range of $2.75 to $3.00<\/strong>.<\/p>\n\n\n\n

However, this would require a resurgence of buying pressure<\/strong>, currently lacking. With both technical resistance and derivative weakness at play<\/strong>, bears might have a slight short-term advantage. Nevertheless, any major shift in market sentiment or fundamental catalyst could quickly reverse the trend<\/strong>. These periods of market indecision are sometimes seen as opportunities <\/strong>by investors<\/a>. If you believe it’s the right time to invest in XRP<\/strong>, here’s how you can do it with Weex<\/strong>:<\/p>\n\n\n\n

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  1. Create a WEEX<\/strong> account<\/a> by signing up in minutes.<\/li>\n\n\n\n
  2. Deposit funds<\/strong> via credit card, bank transfer, or crypto transfer.<\/li>\n\n\n\n
  3. Access the market and look for the XRP\/USDT<\/strong> pair.<\/li>\n\n\n\n
  4. Finalize the purchase and find the XRP tokens<\/strong> in your account.<\/li>\n<\/ol>\n\n\n\n

    Before making any investment, it’s always recommended to research the market conditions and the risks involved<\/strong>. Above all, never invest more than you can afford to lose.<\/p>\n\n\n\n

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    Buy XRP quickly on WEEX !<\/strong><\/a><\/div>\n<\/div>\n\n\n\n

    More on this topic :<\/p>\n\n\n\n