Why XRP is Stuck in the Crypto Friend Zone: Analyst Spills the Tea ☕️

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TL;DR

  • Ripple finally got the news it’s been waiting for longer than a Kardashian marriage, but XRP’s price? Crickets. 🦗
  • A popular analyst on X has a laundry list of what needs to happen for XRP to get its groove back, but spoiler alert: it’s not happening anytime soon. 🙄

Is $2 the New $3? 🤔

So, XRP’s price movements lately have been about as exciting as watching paint dry. Sure, there were a couple of spikes after Brad Garlinghouse’s big reveal in mid-March and when Trump casually mentioned it like it was a new flavor of ice cream. 🍦

Right now, XRP is hanging out at $2.25 after a 4% daily decline. That’s a far cry from the $3.4 peak it hit back in January, right before Trump’s inauguration, when it was just a smidge away from breaking its 2018 all-time high. Talk about a missed opportunity! 😩

Despite all the hype, the regulatory changes, and the SEC lawsuit conclusion (which sounds like a bad soap opera), XRP has not only failed to stay above $3 but has also lost its title as the third-largest digital asset to Tether’s USDT. Ouch! With its price now sitting 33% lower than this cycle’s high, our buddy Ali Martinez has some thoughts on how XRP can get back on its feet. 🦸‍♂️

To shake off this head-and-shoulders pattern (which sounds like a bad haircut), Ripple’s cross-border token needs to leap past $3, which feels about as likely as me winning the lottery. 🎰

If $XRP can break above $3, it would invalidate the current head-and-shoulders pattern, potentially flipping the outlook bullish.

— Ali (@ali_charts) March 28, 2025

On the flip side, Martinez pointed out that $2 is the critical support level that needs to hold. If it doesn’t, XRP might just plummet to $1.25, which is like falling off a cliff in slow motion. 😱

What’s Keeping XRP in the Friend Zone? 💔

As CryptoPotato recently reported, everything seems to be going Ripple’s way. It’s not just the SEC lawsuit ending, or the buzz around a potential US-based spot XRP ETF, or the friendlier administration. There’s more! The company is even considering an IPO while racking up new partnerships like they’re Pokémon cards. Gotta catch ’em all! 🎮

But here’s the kicker: XRP has failed to feel the love in terms of price action. It’s closer to the $2 support than the $3 resistance, and trading volumes have dropped faster than my motivation to go to the gym. Even the whales are sitting on the sidelines, unlike after the US elections when they were throwing money around like confetti. 🎉

This could all be due to the overall market stagnation and the global economic uncertainty brought on by Trump’s controversial actions since taking office. Or maybe there’s a secret plot twist waiting to be revealed. Stay tuned! 📺

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2025-03-28 10:08