- XRP could experience a further 10% dip before rebounding.
- Liquidity has tightened for XRP amid a build-up of bearish pressure.
- XRP broke below the 0.5 Fibonacci support on the daily chart.
On-chain data suggests a potential pullback for XRP in the coming days, following the cryptocurrency’s recent decline and break below the $2.81 significant support level. According to data from Glassnode, the leading on-chain market intelligence platform, liquidity tightened amid a build-up of bearish pressure for XRP after the cryptocurrency consolidated around $2.75.
From a crypto analyst’s perspective, developing events surrounding XRP could trigger a further decline for the crypto token, with a 10% drop projection before the bulls return. Under the prevailing circumstances, TradingView data reveal that XRP broke below the 0.5 Fibonacci support level on the daily chart, converting it into resistance.
Related: XRP’s $2.51–$2.73 ‘Gap’ Raises Stakes As Bulls Eye $3.20 Breakout
Despite multiple attempts over the last three days, XRP bulls have failed to reclaim the crucial level, as the cryptocurrency sold for $2.78 at the time of writing amid diminishing volume. Nonetheless, XRP supporters and the broader crypto market analysts remain optimistic about the cryptocurrency’s rally potential. Most of them consider the current pullback a temporary event that would plunge the digital asset into a zone of high demand.
In the meantime, XRP remains one of the most profitable cryptocurrencies in 2025 despite the recent pullback. A $2.78 price leaves the cryptocurrency with a 461% profit margin in 2025, marking a renaissance for the cryptocurrency after suffering years of regulatory pressure and suppressed adoption. Most crypto users expect XRP’s price to surge higher, considering that the case between Ripple and the SEC has ended.
Related: XRP Price Prediction: XRP Holds $2.78 Support As Futures Open Interest Climbs
It is worth noting that the latest pullback was not unique to XRP, considering Bitcoin, the leading cryptocurrency, crashed nearly 4% last Thursday, while Ethereum, the flagship altcoin, experienced a 7.59% decline. A rebound in the broader crypto market ecosystem could form the tailwind for XRP’s next price surge, which most users expect to push the cryptocurrency into new frontiers.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
