{"id":2969,"date":"2025-04-09T14:28:15","date_gmt":"2025-04-09T13:28:15","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=2969"},"modified":"2025-04-09T14:28:16","modified_gmt":"2025-04-09T13:28:16","slug":"xrp-price-drops-despite-positive-news","status":"publish","type":"post","link":"https:\/\/preprod.investx.fr\/en\/crypto-news\/xrp-price-drops-despite-positive-news\/","title":{"rendered":"XRP Price drops Aamid positive News ! What\u2019s going on ?"},"content":{"rendered":"\n

Ripple Reassures, but XRP Disappoints<\/strong><\/h2>\n\n\n\n

The price of XRP<\/a><\/strong> has recently tested the $2<\/strong> mark, representing an increase of about 20% from the week’s lowest level. However, it is still approximately 43% below<\/strong> its highest level this year.<\/p>\n\n\n

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

Current XRP Price. Source: Crypto.news<\/p>\n\n\n\n

This increase follows several positive announcements regarding Ripple<\/strong>, the company behind XRP. Firstly, Standard Chartered bank estimated that XRP could surge from $2 to $12 in the next 4 years. Such growth would propel Ripple’s market capitalization<\/strong> from the current $113 billion to over $600 billion, provided the XRP supply remains unchanged.<\/p>\n\n\n\n

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“Ripple has positioned its solution as more transparent, faster, and cost-effective<\/strong> compared to SWIFT in the cross-border payments sector.”<\/p>\n<\/blockquote>\n\n\n\n

Analysts have justified this bullish projection<\/strong> due to Ripple’s increasing role in cross-border payments, traditionally dominated by SWIFT. While a SWIFT transaction<\/strong> costs between $20 and $50, Ripple’s transaction costs less than a dollar. Additionally, Ripple transactions<\/strong> are instantaneous, unlike SWIFT transfers, which can take longer.<\/p>\n\n\n\n

XRP Rebound Could Be Short-Lived<\/strong><\/h2>\n\n\n\n

Despite these positive developments, technical analysis of the XRP price<\/a><\/strong> suggests that this rebound may be short-lived. On the daily chart, ripple’s token has returned to test the critical $2 level. This corresponds to the neckline of a bearish head and shoulders pattern formed between November and this week, indicating a continued medium-term decline<\/strong>.<\/p>\n\n\n\n

Furthermore, XRP has already formed a “death cross<\/strong>,” with its 50-day moving average crossing below the 200-day average. This bearish signal suggests that the downward trend could resume<\/strong>, with a risk of falling below the $1 mark in the short term before a potential recovery.<\/p>\n\n\n\n

Moreover, there is a risk that this rebound is a “dead cat bounce<\/strong>” or a “bull trap<\/strong>,” meaning a temporary rise<\/strong> before another wave of selling. Such a scenario would be concerning for investors seeking short-term gains.<\/p>\n\n\n\n

XRP Under Pressure: Caution Advised<\/strong><\/h2>\n\n\n\n

While Ripple-related news is encouraging in the long run<\/strong>, XRP’s technical analysis suggests that its current rebound may be short-lived<\/strong>. Investors<\/a> should exercise caution in the coming weeks amid the possibility of a trend reversal<\/strong>. A consolidation below $1 cannot be ruled out before a potential more sustainable recovery.<\/p>\n\n\n\n

If you are considering investing in Ripple<\/strong>, we recommend using Weex<\/strong>, a reliable and secure platform. Below are the steps to follow:<\/p>\n\n\n\n

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  1. Create a Weex<\/strong> account<\/a> by signing up in a few 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 search for the XRP\/USDT<\/strong> pair.<\/li>\n\n\n\n
  4. Complete the purchase and find the XRP tokens<\/strong> in your account.<\/li>\n<\/ol>\n\n\n\n

    Before making any investment, it is always advisable to stay informed about 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 Ethereum on WEEX today and Claim Your Bonus !<\/a><\/div>\n<\/div>\n\n\n\n

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