Ripple Price Forecast: XRP at risk of a 50% drop as critical indicator screams sell

  • Ripple price is on the verge of a major breakdown if crucial support level fails to hold.
  • A key indicator has presented a sell signal on the 3-day chart.
  • The number of whales remains in a downtrend, which indicates they are not interested in XRP. 

XRP had a wild run in the past month, experiencing a ton of volatility that started with an initial pump orchestrated by the Reddit group named WallStreetBets. The digital asset remains quite volatile and could be poised for a significant drop.

Ripple price on the verge of a 50% fall

On the 3-day chart, the TD Sequential indicator has presented a sell signal on February 21, which seems to have gotten a significant bearish continuation down to $0.45. 

xrp price

XRP/USD 3-day chart

The last sell signal was presented on November 2020, and Ripple price dropped by more than 70% within the next month. The 26-EMA at $0.415 is acting as a robust support level. If XRP bulls fail to hold this key level, Ripple price can swiftly fall towards $0.218. 

xrp price

XRP Holders Distribution

Additionally, the number of whales holding between 10,000,000 or more XRP coins has decreased in the past three weeks, despite Ripple price falling. It indicates that large holders are not interested in XRP even if the price is lower. 

On the other hand, XRP bulls can still invalidate the sell signal by pushing Ripple price above the last high of $0.65. A rebound from the 26-EMA could drive the digital asset towards $0.75.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News

Latest Crypto News & Analysis

Editors’ Picks

VeChain price recovers 50% of its market capitalization in hours after massive collapse

VeChain, like the rest of cryptocurrencies, had a major drop in the last two days and lost close to $8 billion in market capitalization, gaining around $4 billion in the last 24 hours. 

More VeChain News

Ethereum price defends key level which could push the digital asset into new all-time highs

Ethereum just established a new all-time high at $2,644 on April 22, but the entire market had a flash crash in the last 24 hours and ETH also dropped to a low of $2,107. 

More Ethereum News

Ripple and SEC clash again as lawsuit becomes even more uncertain

XRP had a major rally at the beginning of April as investors grew confident in the outcome of the SEC lawsuit. However, the entire cryptocurrency market had a significant crash, and the SEC case outcome is not as straightforward as previously thought.

More Ripple News

Bitcoin Weekly Forecast: Fear seeps in as crypto market crashes for second time

Bitcoin price rally seems to be facing massive headwinds that have resulted in two egregious drops in under five days. Market participants are panic selling their holdings, sending the market into a tailspin. 

More Bitcoin News


Bitcoin Weekly Forecast: Institutional wave of BTC adoption follows new all-time highs

Bitcoin price hitting a new all-time high and Coinbase’s direct listing are perhaps two of the most important developments surrounding the pioneer cryptocurrency over the past week.

Read the weekly forecast