XRP Drops 10% Below $2 Mark, Bitcoin Struggles Above $80,000

The crypto market is currently experiencing significant volatility, with the price of XRP dropping below the $2 mark and Bitcoin struggling to maintain its position above $80,000. This decline has sparked concerns about a potential extended bearish phase in the market. Analysts suggest that if the selling pressure on XRP continues, it may fall even further. Similarly, Bitcoin's inability to hold key support levels could lead to additional losses. Investors are closely monitoring these assets as both cryptocurrencies remain at critical levels. The uncertainty in the market has traders waiting for confirmation of either a recovery or a deeper correction in the prices of Ripple and Bitcoin.

Ripple has been struggling to maintain its momentum, with prices dropping below key support levels. As of March 31, 06:20 UTC, the XRP price stands at $2.0900, significantly below its short-term Exponential Moving Averages (EMAs). The EMA 20 at $2.3014 and EMA 50 at $2.3817 indicate a bearish trend, as the price is trading well beneath them. Additionally, the EMA 100 at $2.3054 further confirms the downward pressure. However, the EMA 200 at $1.9422 suggests a long-term support zone. If the price fails to reclaim the EMA 20, further downside movement could occur, reinforcing the bearish sentiment. A recovery above EMA 20 and EMA 50 is necessary to signal potential upward momentum in XRP price prediction.

On the trading day of March 30, the XRP price experienced significant volatility, marked by multiple trend reversals. The day began with a golden cross at 00:55 UTC, leading to an initial upward trend. However, the price hit resistance at $2.2143 around 3:25 UTC due to an overbought situation. A death cross at 3:35 UTC triggered a downward channel, pushing the price lower throughout the day. The price faced oversold conditions at 10:40 UTC, 17:00 UTC, and 19:00 UTC, yet another death cross at 19:25 UTC reinforced the downward trend. As illustrated in the chart, at 22:05 UTC, XRP entered another oversold phase, and the price action extended into March 31. The price eventually found support at $2.0808. A golden cross at 1:15 UTC signaled a potential rebound, but a death cross at 6:05 UTC on the MACD hinted at continued downward movement. According to XRP price prediction, if the downtrend persists, XRP could break below $2.0808, potentially falling below $2.00. Conversely, a bullish reversal could see the price breaking resistance at $2.2143, with an upside target of $2.2200 and beyond.

Bitcoin is currently trading at $81,950.01, struggling to regain momentum as bearish pressure continues. The potential to drop below $80,000 is fueled by economic and market sentiment. Investors remain cautious as it faces strong resistance near $83,500. If selling pressure persists, it could test lower support levels. While a rebound above $83,500 could shift the trend bullish.

The XRP price remains under pressure, struggling to stay above $2. If the bearish momentum continues, it may break support and fall further. However, a reversal could push it past $2.22. BTC price hovers around $81,950, facing uncertainty. A drop below $80,000 is possible if selling pressure increases. Alternatively, strong buying momentum could drive the price higher in the coming sessions.