XRP Dips to Key Support Zone– What to Expect Ahead?

Bitget

News

CoinsProbe2025/03/29 16:11

By:Nilesh Hembade

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Date: Sat, March 29, 2025 | 12:34 PM GMT

The cryptocurrency market has quickly reversed its weekly recovery, with Ethereum (ETH) dropping over 7% in the past 48 hours, falling to $1,850. This sell-off has triggered broader weakness across altcoins , including XRP, which has declined more than 5% today, erasing its recent gains.

XRP Dips to Key Support Zone– What to Expect Ahead? image 0

Source: Coinmarketcap

XRP at a Critical Support Level

On the daily chart, XRP has formed a Head and Shoulders pattern, a traditionally bearish setup. Today’s drop pushed it below the 150-day moving average (MA) at $2.17, sending it to a critical support zone between $1.90 and $2.11—a level that has historically prevented breakdowns. Currently, XRP is trading near the upper boundary at $2.09.

XRP Dips to Key Support Zone– What to Expect Ahead? image 1

XRP Daily Chart/Coinsprobe (Source: Tradingview)

What’s Next for XRP?

While the Head and Shoulders pattern suggests further downside risk, Bitcoin dominance (BTC.D) will play a key role in shaping the market direction.

XRP Dips to Key Support Zone– What to Expect Ahead? image 2

BTC.D Daily Chart/Coinsprobe (Source: Tradingview)

BTC dominance has rebounded from both the 50-day MA and rising wedge support, climbing from 61.34% to 62.04%. As BTC dominance nears its resistance trendline, two scenarios could unfold:

Rejection at Resistance – If BTC.D gets rejected from its resistance trendline, altcoins like XRP could see a relief bounce.
Breakout Above Resistance – If BTC dominance breaks out, it could trigger another wave of selling pressure on altcoins, including XRP, potentially leading to further downside.

For now, traders should watch XRP’s $1.90-$2.11 support zone and BTC dominance resistance for the next move.

Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Morgan Stanley believes that the US midterm elections are substantially disrupting the construction pace of AI data centers—about 5GW of capacity will be postponed from 2028 to 2029, and up to 40% of chip deployments between 2026 and 2028 risk not being powered on time. The combined pressures of power shortages, political resistance, and rising costs are accelerating the shift of capital toward overseas markets such as Southeast Asia and India, potentially extending the overall AI capital expenditure cycle.

华尔街见闻•2026/11/10 06:46

Morgan Stanley Illustrates 'Blue Wave' Impact: 20% of New Data Center Projects May Be Delayed to 2029, 40% of Shipped Chips May 'Not Be Powered On' Before 2028

Risk is shifting! Goldman Sachs: Chipmakers' CDS spreads surpass hyperscale cloud providers for the first time, AI default swaps hit record highs

Goldman Sachs stated that AI credit risk is shifting from cloud giants to chip suppliers. For the first time in nearly three months, the chip CDS spread has surpassed that of hyperscale cloud providers, reflecting market concerns over intensified GPU depreciation and customer financing exposure. Impacted by a supply surge, bond issuance premiums for cloud providers have risen significantly, with durations shortening. As hundreds of billions of dollars in project financing flood in by 2027, pressure in the credit market is expected to continue accumulating.

华尔街见闻•2026/11/10 06:16

Risk is shifting! Goldman Sachs: Chipmakers' CDS spreads surpass hyperscale cloud providers for the first time, AI default swaps hit record highs

Difficult to Monetize 3.57 Billion Orders? Neutron's Maiden Flight Delayed and Iridium (IRDM.US) Faces Acquisition Funding Pressure

Rocket Lab reported Q3 revenue of $268 million and outstanding orders totaling $3.57 billion. The maiden flight of the Neutron rocket has been postponed to 2027, with clients such as ICEYE having already reserved launch windows in advance. Although operating cash flow has turned positive, the planned acquisition of Iridium will require more than $3 billion in cash, with future revenue...

智通财经•2026/11/10 05:57