XRP All-Time High Before 2025 Unlikely As Traders Turn Bearish
XRP has been stuck in sideways momentum, struggling to join the league of cryptocurrencies like Bitcoin that have hit all-time highs (ATH).
The lack of major moves has prevented altcoins from rising higher, frustrating investors hoping for a breakout. XRP’s recent performance highlights the growing bearish sentiment among traders.
XRP traders unsure
Traders are increasingly inclined to short Ripple Instead of betting on a rally. The long-short ratio currently shows short contracts dominating long contracts, reflecting the monthly lows. This imbalance highlights the bearish market sentiment, with investors expecting XRP price to fall rather than surge.
The dominance of short contracts suggests that most traders are preparing for XRP to depreciate rather than recover. This bearish outlook reflects broader market uncertainty and could keep altcoin prices under pressure in the near term, especially in the absence of obvious bullish catalysts.
XRP’s macro momentum is also showing a bearish trend, with the Relative Strength Index (relative strength index) slide down. This decline indicates that bearish momentum is building, which adds to the challenges for XRP. However, the RSI remains above the neutral line, indicating that selling pressure is not yet overwhelming.
The RSI’s position leaves room for a potential recovery, but the downward trajectory is a warning sign for cautious investors. Without increasing purchasing activity, XRP may face Further consolidation or even a breakout to the downside emphasizes the need for traders to monitor momentum closely.
XRP Price Prediction: Stay Stable
Ripple currently Prices are consolidating between $2.73 and $2.00, where they have been for the past three weeks. This prolonged consolidation prevents altcoins from breaking out, delaying their opportunities to form new ATH and leaving them vulnerable to market changes.
The current ATH of $3.31 is still 48% away from XRP’s trading price of $2.24. For XRP to reach this level, it must first break out of the current range and move $2.73 into support. Such a move would signal renewed bullish momentum and set the stage for a potential rebound.
if Ripple Failure to hold key support at $2.00 will invalidate the bullish argument. A break below this level could result in a significant drop, putting the altcoin at risk of further losses.
Disclaimer
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