Key Insights:
- Bearish signals dominate XRP price, with a breakdown potentially targeting $1.07 as macroeconomic challenges persist.
- Speculation around an XRP ETF offers a counterforce, with bullish targets ranging from $5 to $15.
- Volatility remains high as traders face mixed signals from technical patterns and broader macro headwinds.
XRP price displayed conflicting signals on March 28 while testing the support level of a descending triangle pattern. This critical support level will determine whether the asset rebounds or faces further downward pressure.
A breakdown of the support level may lead to a steep 40% decline, targeting $1.32 by April. The technical indicators suggested the potential for an even more significant downside.
The bearish outlook mirrored a warning from veteran trader Peter Brandt. He saw a head-and-shoulders pattern forming on the daily chart. He projected a possible drop to $1.07 if the structure is completed.
XRP traded around $2.20 at press time, putting the downside target nearly 50% below current levels.
XRP Price Faces Macro Resistance Amid Inflation Concerns
While the chart signals lean bearish, macro headwinds are reinforcing the pressure. President Donald Trump’s decision to implement 25% tariffs on auto imports starting April 3 has rattled investor sentiment.
St. Louis Federal Reserve President Alberto Musalem projected the tariffs could push inflation higher by 1.2 percentage points. Of that, 0.7 points would come from indirect effects, according to his estimates.
The February U.S. Consumer Price Index rose 0.2% month-over-month, and rate cut expectations have cooled. CME’s FedWatch Tool showed a 55.7% chance of a June rate cut, down from 67.3% a week ago.
A delay in rate easing could tighten liquidity, reducing capital inflows into risk assets like XRP. As a result, even a technical bounce in XRP Price faces macro resistance.
ETF Hype Counters Bear Case With $5–$15 Targets
Despite the bearish setups, bulls have clung to growing speculation around an XRP exchange-traded fund (ETF). Analysts say the U.S. Securities and Exchange Commission (SEC) dropping its Ripple appeal has increased the likelihood of approval.
Polymarket odds for a Ripple ETF have climbed to 85%, up from 59% in January. Multiple firms—Grayscale, Bitwise, Canary, and Fidelity—have filed applications this year, totaling 18 filings. Some market watchers see this as a bullish setup.
Crypto analyst Ali Martinez stated that a rise above $3 would nullify bearish patterns. Such a move could signal a bullish shift in XRP price dynamics.
This puts the $2.55–$3 zone as a key resistance. Depending on ETF developments, a breakout could revive interest, potentially sending XRP toward the $5–$15 range.
Volatility Expected Either Way
With XRP price coiling inside a descending triangle and broader markets facing uncertainty, volatility appears likely. Technical point to $1.07 on the downside. ETF optimism offers a counterforce aiming as high as $15.
However, with rate expectations shifting and macro risks rising, XRP traders remain split. Any decisive move—up or down—could arrive before April ends.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
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