Will XRP Crash? Ripple (XRP), one of the flagship altcoins in the crypto market, has been hit hard by the recent downturn. As macroeconomic uncertainties weigh heavily on global markets and technical signals grow increasingly bearish, XRP investors are bracing for potential further losses. So, what’s next for XRP?
XRP Price Breaks Below Critical Support
Over the past few days, XRP has remained stuck in a firm downward trajectory, culminating in a decisive breakdown below the key support level of $1.95. This threshold had long served as a psychological barrier for traders, but the recent dip shattered that zone, intensifying bearish sentiment.
A concerning head-and-shoulders formation has also formed on the chart, and XRP has dropped below its 200-day EMA—a signal that the asset’s technical momentum is weakening. As pressure mounts, traders are keenly watching what comes next. If the price fails to reclaim $1.95 soon, many analysts forecast a slide toward $1.20, marking a potential 35% decline. Historically, this level has acted as solid support.
Within the past 24 hours, XRP fell over 6%, dipping to around $1.88 and briefly testing $1.64 intraday. This abrupt move sparked anxiety among investors, raising the critical question: Will XRP crash further from here? Interestingly, trading volume surged over 400% compared to the previous day. The spike in volume suggests either large players are re-entering at these lower prices or leveraged trades are on the rise.
Where Is XRP Heading Next? Bullish or Bearish?
Data from Coinglass paints a mixed picture. Around $35 million worth of long positions have been opened at $1.83, indicating some traders are betting on a bounce. Meanwhile, $11 million in short positions were placed near $1.93, signaling caution.
Despite some optimism, the inability of XRP to push beyond the $2 mark could trigger liquidations, especially in highly leveraged positions. Unless bulls reclaim lost ground soon, short-term recovery looks fragile.
The current price structure and technical indicators suggest risk remains high. As long as XRP stays below $1.95, further downside appears more likely. Still, increased volume and growing long interest offer a glimmer of hope for a short-term relief rally. Traders should keep a close eye on both technical levels and broader market trends in the days ahead.
Solaxy (SOLX) Emerges as a New Contender in the Solana Ecosystem
While market sentiment around major coins remains shaky, some new projects are generating buzz. One of them is Solaxy (SOLX), the first native Layer-2 solution built on the Solana blockchain. Despite being in presale, SOLX has already attracted strong investor attention, raising $29.3 million in a short period.
Solana is renowned for its blazing-fast transactions and low fees. However, during peak usage periods, it can experience congestion and delays. Solaxy aims to resolve these scalability issues by processing transactions off-chain and batching them to the mainnet using rollup technology.
This offloading of transactional workload not only reduces costs but significantly improves network efficiency—without compromising Solana’s core security model.
If the broader market sees a recovery, interest in Solana could surge once more. In such a scenario, infrastructure solutions like Solaxy would be crucial in maintaining the ecosystem’s performance and usability.
SOLX is more than just another Layer-2—it’s poised to become a foundational piece of Solana’s long-term growth strategy. Once fully integrated, it’s expected to deliver a more scalable, reliable, and sustainable network.
How to Join the SOLX Presale?
Those looking to buy SOLX tokens before the presale ends can visit the official Solaxy presale page. Users can participate using Best Wallet or similar multi-chain wallets, and invest using BTC, ETH, SOL, USDT—or even a standard bank card.
Purchased SOLX tokens are also eligible for staking at an impressive annual yield of 139% APY, offering early investors a chance to earn passive income during the ICO period.
Disclaimer:
This article is for informational purposes only and does not constitute investment advice. Any investment involves risk and should be based on personal research, knowledge, and decisions. Neither the author nor kriptoparahaber.com is responsible for any profit or loss arising from your investment activities.
