![\"XRP](\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/04\/XRPUSDT_2025-04-07_11-11-15.png\")
<\/p>\nThe XRP price has dived 20% in the last 24 hours to trade at $1.67 as of 3:30 a.m. EST on a 326% pump in trading volume to $9.34 billion, as black Monday fears grip markets.<\/p>\n
That’s as fears of a 1987 “Black Monday” repeat grip global financial markets after US President Donald Trump doubled down on his global trade tariffs.<\/p>\n
The XRP\/USDT daily chart highlights a long consolidation phase, where the price ranged between approximately $0.55 and $0.75. This range acted as an accumulation zone, setting the stage for a significant breakout.<\/p>\n
In November 2024, XRP broke above the $0.75 level, triggering a parabolic rally that reached a high of nearly $3.85 by December. This bullish surge cleared substantial buyside liquidity, suggesting many short positions were liquidated in the process.<\/p>\n
However the price entered a well-defined bearish channel starting in early 2025, marked by a series of lower highs and lower lows, indicating a corrective phase rather than a full reversal. The descending channel has been active from around $3.50 down to the current price level near $1.69. XRP is now trading around a major support zone between $1.60 and $1.85, which previously served as the breakout area during the late 2024 rally.<\/p>\n
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XRPUSDT Analysis Source: Tradingview<\/p>\n
A label on the chart marks this zone as a “Possible Rebound” area, suggesting a potential for the price to bounce back if the support holds. On the upside, key resistance levels lie at approximately $2.00, $2.25, and $2.50, while major resistance is near the top of the channel, around $3.50.<\/p>\n
Conversely, sell-side liquidity below $0.50 could be targeted if the current support fails, opening room for a deeper correction.<\/p>\n
From an indicator point of view, the Relative Strength Index (RSI) is currently at 31.33, nearing oversold territory. This suggests that selling pressure may be easing, and a bounce could form if buyers step in. The convergence of this RSI level with the significant support zone strengthens the case for a short-term rebound.<\/p>\n
However, without strong bullish volume or a broader market recovery, the upside may remain limited to the mid-channel zones or lower resistance levels. Over, XRP is at a critical juncture, either it will rebound and attempt to break out of the bearish channel or continue its decline toward lower liquidity zones.<\/p>\n
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Security ✅
Innovation ✅https:\/\/t.co\/mdaTX9aVVx<\/a> pic.twitter.com\/DGmKQL3vud<\/a><\/p>\n