XRP Slides Another 2%: What Is Going On?

XRP XRP/USD continues attracting bullish sentiment, particularly in relation to its role in stablecoin payments, despite lackluster price action.

Cryptocurrency	Price	Market Cap	24-Hour Trend	7-Day Trend
XRP XRP/USD	$2.34	$136.6 billion	-2.4%	-3.5%
Bitcoin BTC/USD	$87,018.44	$1.72 trillion	+0.2%	+3.3%
Ethereum ETH/USD	$2,009.28	$242.4 billion	-0.4%	+2.2%

Trader Notes: Crypto chart analyst Ali Martinez marked $2 as the most critical support level for XRP.

$2 remains the most critical support level for $XRP! pic.twitter.com/odqtMeDOol
— Ali (@ali_charts) March 27, 2025

Peter Brandt notes XRP is forming a classic head and houlders pattern, signaling a possible bearish setup.

The price is range-bound, with key levels to watch: above $3.00, it would be risky to remain short, while below $1.90, holding the asset may not be ideal.

He believes if the pattern plays out, the projected downside target is $1.07, emphasizing he has no vested interest in the price movement.

Statistics: Coinglass data shows XRP liquidations in the past 24 hours at $12.5 million, with long liquidations at $11.4 million. XRP Derivatives trading volume expanded 12.3% to $5.3 billion.

Community News: Ripple announced a new partnership to roll out crypto-enabled transactions into Africa.

The goal of their collaboration is to improve cross-border payments in Africa, leveraging Ripple's blockchain technology for fast, low-cost and overall more efficient payments thanks to RippleNet and XRP.

Chipper Cash will share with Ripple its user base which is five million, in almost a dozen countries across the African continent.

Interactive Brokers announced the addition of Solana, XRP, Cardano and Dogecoin to its crypto trading platform.

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