After the Bybit -Hack, sentiment on the crypto market has completely shifted to a bearish phase, weakening assets. In the midst of this, XRP, the native token of Ripple Labs, is again approaching a crucial level of support compared to the rising trendline, which it has tested since the beginning of February 2025.
Given the current market sentiment and the prospects of XRP, the token seems to have absorbed all the bearish and is now recovering.
XRP Technical analysis and upcoming levels
According to the technical analysis of experts, because the XRP price reached the trendline support of $ 2.50 level, a considerable buying pressure was observed, which resulted in the formation of a bullish candlestick pattern. In addition, the recent price fall does not affect the previous rising price pattern of XRP that it has formed.
Based on recent price promotion, if XRP applies above the level of $ 2.50, there is a strong possibility that it could actively rise considerably in the coming days and retain its bullish momentum. However, if the token does not hold this level and closes a four -hour candle below $ 2.45, a huge price decrease could occur, which makes XRP possibly push to the $ 1.90 level.
Despite the current price recovery, it remains active among the 200 exponential advancing average (EMA), which indicates that it is still in a downward trend.
Current price momentum
With these important levels in Focus, XRP is currently being traded near $ 2.58, with more than 3.75% in the last 24 hours. Despite the decline, however, investors and traders have shown a strong interest in token, which has led to an increase of 44% in participation.
$ 21.50 million worth XRP outflow
Data from the on-chain analysis company Coinglass revealed that this increase in participation is driven by a significant accumulation of investors of XRP tokens. Spot walk -in/outlow data showed that as the price dropped, exchanges witnessed a considerable outflow of $ 21.50 million in XRP tokens, which indicates potential accumulation.
By combining this potential accumulation with price action, the current level seems to be an ideal buying, with $ 2.50 or $ 2.45 that serves as a potential exit level as sentiment shifts to the Bearish side.