XRP Crashes Below 100-Day EMA—Will It Plunge or Skyrocket to $8?
XRP Drops Below Key 100-Day EMA – Is a Deeper Correction Coming?
XRP has just slipped below its critical 100-day Exponential Moving Average (EMA), and that’s a big red flag for traders. This technical breakdown could signal more downside risk ahead.
Last week, XRP surged past the EMA at $2.32, rallying nearly 7%. But the party didn’t last long. Selling pressure kicked in, dragging XRP down 5.74% by Thursday. As of Friday, the token was struggling around $2.23, reinforcing fears of an extended correction.
Why This Level Matters
If XRP fails to reclaim its 100-day EMA, the next major support sits at $1.96—a crucial zone that could determine the token’s near-term trajectory.
Technical indicators aren’t painting a pretty picture either. The Relative Strength Index (RSI) has dipped below its neutral 50 level, now sitting at 46. That’s a clear signal of growing bearish momentum, meaning sellers are still in control.
XRP Price Prediction: Is a Rally Still on the Table?
Despite the short-term weakness, some analysts believe the bigger picture remains bullish. Crypto expert Dark Defender sees XRP heading towards $8, driven by speculation surrounding an XRP Exchange-Traded Fund (ETF) and Ripple’s anticipated Initial Public Offering (IPO).
According to Dark Defender, XRP’s 3-month chart is flashing strong bullish signals. If the macro environment aligns, price targets of $5.85 and $8.07 could be reached sooner than expected.
And that’s not all—hype around Ripple’s IPO is building. Although CEO Brad Garlinghouse and Ripple execs haven’t confirmed anything, industry insiders predict a public listing within the next 12 to 18 months. Meanwhile, Polymarket assigns an 85% probability to an XRP ETF approval, another factor that could fuel a long-term uptrend.
Technical Indicators Suggest Imminent Volatility
Not everyone is convinced XRP will rally just yet. Crypto analyst CryptoBull has identified a symmetrical triangle pattern on the daily chart—a classic setup that could break either way.
- If XRP regains positive momentum, it could skyrocket to $5.30, marking a 125% increase.
- If resistance holds strong, sellers could continue dominating, keeping prices under pressure.
Veteran chart analyst Peter Brandt has spotted a bearish head-and-shoulders formation in XRP’s price action. If this pattern plays out, XRP could plummet to $1.07—a 55% drop from current levels.
Other market signals offer a mixed bag. XRP futures open interest has surged from $2 billion to $4 billion since mid-March, signaling heightened trader participation. Derivatives trading volume has also jumped 24% to $5.35 billion. While these numbers indicate increased market activity, they don’t necessarily confirm a bullish breakout.
Market Outlook: What’s Next for XRP?
With XRP hovering around its 100-day EMA, traders are at a crossroads. If the token reclaims support, it could set the stage for a rally towards $2.72. But if bears remain in control, XRP could tumble further, testing $1.96—or worse.
Regulatory developments, institutional adoption, and market sentiment will play a crucial role in shaping XRP’s next move. With ongoing developments in the Ripple lawsuit, rising speculation about an XRP ETF, and IPO rumors gaining steam, the coming weeks could be a defining moment for the token.
Will XRP rebound or sink deeper? Stay tuned—this could be a make-or-break moment for the digital asset.
