Ripple (XRP) Loses Its Shine as Solana, Polkadot Gain Ground

2024-4-7 02:30

Ripple (XRP) price has been largely observing a downtrend after posting the year-to-date highs last month.

However, by the looks of it, this downtrend will likely continue going forward, as indicated by these investors.

Ripple Loses Institutional Interest

XRP price over the past year was largely affected by the inflows and outflows of the institutional investment. This year, however, the situation is significantly different. Ripple can be seen losing interest of these institutions, which has seemingly shifted to other altcoins, according to the CoinShares report.

The likes of Polkadot (DOT) and Solana (SOL) have noted much higher inflows over the past month than XRP. DOT inflows amounted to $13.6 million for the month of March; SOL noted $24.9 million flowing in from institutions, while XRP stood at just $3.8 million.

Crypto Institutional Inflows. Source: CoinShares

This bearishness is also reflected in the price indicators Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD).

RSI is a momentum oscillator measuring the speed and change of price, indicating overbought and oversold conditions. MACD, on the other hand, is a trend-following momentum indicator that is used to identify bullish and bearish trends.

Both are currently in their respective bearish zones and could continue to remain there, given the threat of a death cross on XRP.

XRP RSI and MACD. Source: TradingView XRP Price Prediction: Death Cross

XRP price trading at $0.58 is noting the formation of a death cross on the 12-hour chart. A death cross is bearish and occurs when a short-term 50-day Exponential Moving Average (EMA) crosses below a long-term 200-day EMA.

This signals a potential shift to a bearish trend for XRP, which might fail to reclaim $0.58 as support and drop to $0.54.

Read More: Ripple (XRP) Price Prediction 2024/2025/2030

XRP Price Chart. Source: TradingView

But if the $0.58 level is flipped into a support floor, the XRP would be able to climb back beyond $0.60 to invalidate the bearish thesis.

The post Ripple (XRP) Loses Its Shine as Solana, Polkadot Gain Ground appeared first on BeInCrypto.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Ripple (XRP) на Currencies.ru

$ 1.3813 (+0.06%)
Объем 24H $2.956b
Изменеия 24h: 5.28 %, 7d: 2.05 %
Cегодня L: $1.3171 - H: $1.3853
Капитализация $84.818b Rank 4
Цена в час новости $ 0.5947 (132.27%)

xrp ground ripple polkadot gain solana shine

Источник: beincrypto.com

xrp ground → Результатов: 76


XRP and XLM: Short-Term or Long-Term Investments?

With the idea that cryptocurrency can create a millionaire overnight, a lot of investors especially the newbies make little analysis on the digital asset they intend to buy providing it is cheap. On the ground of speculation, all cryptocurrencies can be invested for the short term, but when we focus on valuation, most of the […] The post XRP and XLM: Short-Term or Long-Term Investments? appeared first on ZyCrypto.

2019-5-1 22:35


Bitcoin Investors Aim for Ripple (XRP) as BTC Continues Massive Decline

Bitcoin is fast losing its ground as the stable coin it once was a few days ago, the current market report shows that the digital asset has taken a downward movement in price. There are fear and frustration among the investors who have taken to the advice of some experts that predicted the downward slide […] The post Bitcoin Investors Aim for Ripple (XRP) as BTC Continues Massive Decline appeared first on ZyCrypto.

2018-11-19 17:40


дальше еще 27 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Can XRP Price Survive the $1.30 Threat Before March Ends?

The XRP price traded at $1. 31 on March 31, sitting directly above the neckline of a head-and-shoulders pattern that carries an 18% measured breakdown target if it fails. The 4-hour chart shows the right shoulder has already formed at $1.

XRP Price Outlook For April 2026

XRP is entering April 2026, trapped in a descending channel that has defined its trend since mid-July 2025. March is closing at roughly -1. 94%, extending a red streak to six consecutive months since 2025.

XRP Price Jumps Nearly 20% As Whales Buy Aggressively

XRP has staged a sharp rebound after a steep sell-off rattled investor confidence across the market. The token had suffered heavy losses, triggering fear-driven exits among retail holders.   However, select investor cohorts viewed the decline as an opportunity.