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The XRP price is down 15% on the weekly time frame after it dropped 1% in the last 24 hours to trade at $2.11 as of 4:30 a.m. EST on trading volume that went up 4% to $4.15 billion.
The drop took place due to Ripple’s distribution strategy, which recorded a release of 500 million XRP from escrow. With the new batch of coins now entering circulation, it affected the coin’s price significantly.
In fact, XRP saw an even larger dip to $2.07 earlier, but its price managed to bounce back somewhat since hitting this level, leading it back to $2.11.
XRP Price Prediction
XRP has seen quite a bit of volatility in the last several days. While the overall trend in the past week has been bearish, the last two days have seen the project’s price go up and down. It reached as low as $2.03, but it also managed to climb to $2.20 during its 48-hour peak.
This surge, which happened around 24 hours ago, was then interrupted by the release of the new coins, causing a price drop. At the time of the surge, the coin’s Bollinger Bands saw a major widening, and while they have narrowed down since then, they still remain fairly wide due to the fact that the price has been pushing the lower band deeper and deeper down.
XRP/USDT chart analysis (Source: TradingView)
Yesterday’s surge happened as traders started rapidly buying XRP, which resulted in its Relative Strength Index (RSI) value venturing deeply into the overbought zone, reaching 80. After that, traders took profit, knocking the RSI down to the neutral level at 50.
However, this changed in the early hours of April 2, when a new wave of sales started, pushing the RSI to the edge of the oversold zone, at 30. Since then, some traders moved in to buy the dip, and push the RSI value back to 60. However, it seems to be struggling at this level, unable to keep moving further up.
Even so, the coin bounced back quickly, and despite new tokens in circulation, XRP is likely to stabilize relatively soon.
Promising Alternative To XRP
For those who wish to invest in an asset that is more likely to see a price surge in the near future, the best option right now is Solaxy (SOLX).
This is a new crypto developed in Solana’s ecosystem, acting as its first-ever Layer-2 project. Not only that, but it will also be one of the best scaling solutions for Solana, meant to help with its scalability problems.
While Solana was created to offer a faster, cheaper alternative to Ethereum, its scalability has met its limits once the SOL network started getting busy thanks to a growing meme coin sector, the rise of NFTs, and an explosion of DeFi, GameFi, and other projects. As a result, Solana started experiencing congestion, which has resulted in transaction failures.
Solaxy is for the people 🔥
Speed, Scalability and Security for all. $SOLX 🛸🪐https://t.co/mdaTX9aVVx pic.twitter.com/UBBa4b7rJa
— SOLAXY (@SOLAXYTOKEN) April 1, 2025
Solaxy, however, offers infinite scalability and could help permanently solve this issue, unlocking Solana’s full potential. This is why investors doubled down on its ICO, investing over $28.8 million over the past few months.
Currently still in presale, the project’s token, SOLX, sells for only $0.001682 apiece. However, ClayBro, a crypto YouTuber with more than 136k subscribers, say that SOLX is ready for a rally after launch, and that it has 10x potential.
Interested investors will want to act fast, because a presale price increase is scheduled to come into effect in less than 30 hours.
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