XRP Down 7%: What Is Going On?

Benzinga
29 Mar

XRP XRP/USD is down 7% on Friday, but whales continue to accumulate on the heels of Ripple expanding its core business.

CryptocurrencyPrice   Market Cap24-Hour Trend7-Day Trend
XRP XRP/USD $2.18$127 billion-7.1% -8.1%
Bitcoin BTC/USD $83,775.77$1.7 trillion-3.9% -0.02%
Ethereum ETH/USD $1,872.65$225.9 billion-6.9% -4.4% 

Trader Notes: Crypto chart analyst Ali Martinez predicted that if XRP breaks above $3, it would invalidate the head-and-shoulders pattern and could turn bullish.

If $XRP can break above $3, it would invalidate the current head-and-shoulders pattern, potentially flipping the outlook bullish. pic.twitter.com/B6mrtXm1TS

— Ali (@ali_charts) March 28, 2025

Dark Defender sees XRP having formed a bullish rectangle pattern, signaling imminent breakout potential. He predicts a new all-time high could be next.

Altcoin Buzz says XRP could outperform Bitcoin and Ethereum based on following factors, such as regulatory clarity, growing adoption and ETF speculation gaining momentum.

Statistics: Social media influencer and crypto trader John Squire noted that XRP whales are accumulating XRP, with one whale moving 8 million XRP.

Coinglass data shows XRP long liquidations at $20.65 million, a three-week high. XRP derivatives trading volume expanded by 22.7% in the past 24 hours.

Community News: Reece Merrick, Ripple’s Managing Director Middle East & Africa, highlighted Ripple's partnership with Chipper Cash to drive economic growth & financial innovation across Africa. The goal is to enable faster, cheaper cross-border payments using blockchain technology.

Read Next: 

  • XRP Could Hit Up To $29.30 In ‘Max Scenario’ By 2030: Bitwise

Image: Shutterstock

$XRPRipple
$2.17-7.23%
Overview
$BTCBitcoin
$83709.42-4.02%
$ETHEthereum
$1873.92-6.45%
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