Join Our Telegram channel to stay up to date on breaking news coverage
The XRP price plunged 5% in the last 24 hours to trade at $2.22 as of 3:57 a.m. EST, with trading volume rising 1% to $3.3 billion.
This comes after Dom Kwok, EasyA’s COO and co-founder, ran an X poll to determine whether customers would be interested in a card that offers cashback in XRP.
However, Gemini quickly noted that it already has such a product that offers up to 4% crypto rewards.
Tyle Winklevoss, Gemini’s co-founder, then called on the Ripple army to sign for the product on social media.
However, the Ripple token community members were quick to recall how Winklevoss slammed them as “dumb trolls” in 2020 when the crypto exchange was refusing to add XRP.
Calling on the @Ripple Army. Earn XRP back with the Gemini Credit Card 💳 every time you swipe. https://t.co/twrp3HhhzL
— Tyler Winklevoss (@tyler) March 27, 2025
Ripple Token Price On A Slight Correction
The XRP price has been forming an ascending triangle pattern, a bullish continuation setup where buyers consistently push prices higher against a horizontal resistance zone.
In this case, the resistance level is around $2.50–$2.60, while the rising trendline has been acting as support, according to GeckoTerminal data.
However, despite multiple attempts to break above the resistance, the Ripple token price has failed to sustain momentum, leading to a breakdown below the ascending trendline. This deviation from the expected bullish breakout suggests that sellers are gaining control, increasing the risk of a further decline.
With the price currently at $2.2210 and down 5.40% on the daily timeframe, the breakdown of the triangle pattern shifts market sentiment to bearish in the short term.
As a result of the downward pressure, XRP now trades below the 50-day Simple Moving Average (SMA). Meanwhile, the price of the Ripple token remains above the 200-day SMA, which shows that, regardless of the small shift in momentum, XRP could still soar.
Moreover, the Relative Strength Index (RSI) is at 43.25, which is in neutral-to-bearish territory. This suggests that bearish momentum is increasing while XRP has not yet been oversold. A drop below 40 would indicate more substantial selling pressure, whereas a recovery above 50 could signal renewed buying interest.
XRP Price Prediction
The breakdown from the ascending triangle is a bearish sign in the short term. If the XRP price fails to reclaim the $2.40–$2.50 zone, the asset could see further downside movement, with the 200-day SMA at $1.77 as the next major support level.
If the price of XRP tests this level and finds strong buying interest, a bounce-back toward $2.00–$2.20 could follow.
On the bullish side, if buyers can push the Ripple token price back above $2.40, it would indicate that the breakdown was a fake-out, and XRP may attempt another move toward $2.60–$3.00.
A decisive breakout above $2.60 would confirm the continuation of the previous uptrend and could send XRP toward new highs above $3.00.
Meanwhile, investors are piling into a new Bitcoin-themed meme coin called BTC Bull Token (BTCBULL), which will give token holders free Bitcoin.
99Bitcoins, a prominent YouTube channel with over 725k subscribers, says BTCBULL has the potential to soar 10X after launch.
BTC Bull Token Presale Races Towards $5 Million
Investors are pouring funds into the BTC Bull Token presale at a record rate, with over $4.2 million raised so far.
BTC Bull Token vows to help fire the Bitcoin price to over $1 million while paying BTC rewards to investors at key milestones.
If you hold BTCBULL tokens in Best Wallet, you’ll earn BTC airdrops when Bitcoin’s price reaches $150,000 for the first time and for every $50,000 gain after that.
A huge BTCBULL token airdrop will also await the strongest holders when BTC hits $250,000, weighted by the Community Sale purchase amount.
🚨 $BTCBULL is Live in Upcoming Tokens! 🚨@BTCBULL_TOKEN is a Bitcoin rewards-based meme token that delivers milestone-based airdrops as Bitcoin hits new price levels.
With built-in incentives for buying, holding, and trading, $BTCBULL gives holders a new way to stack BTC.… pic.twitter.com/BMzBHcLltU
— Best Wallet (@BestWalletHQ) February 10, 2025
Between each significant Bitcoin price milestone and subsequent BTC airdrops, there will also be BTCBULL token burns. By reducing the supply, these burns will increase the meme coin’s scarcity and introduce upward pressure on its price.
BTCBULL token holders also have an opportunity to earn passively through the project’s staking platform, which offers a massive 100% annual percentage yield (APY).
Investors interested in participating in the presale can visit the official BTC Bull website to buy BTCBULL tokens for $0.002435 each using BNB, ETH, USDT, or a bank card.
Buy before a presale price hike in less than 3 days to lock in the best price.
Related News:
- Crypto.com CEO Says SEC Dropped Investigation Without Penalty, CRO Surges 8%
- MUBARAK Plummets 29% As Investors FOMO Buy This $4.3 Million Presale
- 6 Best Altcoins to Watch Today – Vana, The Graph, Aptos, DeXe
Best Wallet - Diversify Your Crypto Portfolio
- Easy to Use, Feature-Driven Crypto Wallet
- Get Early Access to Upcoming Token ICOs
- Multi-Chain, Multi-Wallet, Non-Custodial
- Now On App Store, Google Play
- Stake To Earn Native Token $BEST
- 250,000+ Monthly Active Users
Join Our Telegram channel to stay up to date on breaking news coverage
