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Crypto Pundit Reveals What Will Happen If XRP Price Does Not Break $2.3

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Amidst ongoing market instability and volatility, the XRP price maintained support levels, even as many altcoins crashed this past week. A well-known crypto pundit has spotlighted a critical resistance level at $2.3, saying that XRP’s next move will largely depend on whether it can successfully break through this barrier.  

XRP Price At $2.3: A Make Or Break Point

According to AMCrypto, an analyst on X (formerly Twitter), XRP had been maintaining strong support at $2. Compared to other altcoins that experienced severe price crashes earlier this year, XRP was one of the few that didn’t fall below the February capitulation price. 

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The $2 price level was a key support zone that acted as a barrier for XRP, as buyers stepped in to prevent further price decline. Notably, XRP had been consolidating just above this point for the past few months, showing immense resilience amid broader market volatility driven by news of the United States (US) tariff plans. However, recently XRP has dropped below $2 and is now trading at $1.68. 

AMCrypto has shared a price chart, highlighting that XRP recently broke out of a Descending Triangle pattern — a formation usually associated with strong price moves. However, for this breakout to have real momentum, the altcoin must push past the critical resistance level at $2.3. 

XRP
Source: AMCrypto on X

If XRP manages to clear this resistance level, the analyst predicts that its price could experience a rapid push toward the $3.00 – $3.20 region, marking new highs. Looking at the analyst’s price chart, historically, the token has experienced two strong breakouts from similar Descending Triangles. The most recent triangle saw XRP break above the $2.3 resistance zone with strong bullish candles. 

AMCrypto has warned that without a decisive breakout above the $2.3 resistance, XRP’s price action will likely remain confined in a wider consolidation range. This does not bode well for a short-term momentum, as it would limit further upward movement for the cryptocurrency until stronger bullish confirmation emerges. 

Analyst Predicts Price Crash To $0.6

The XRP price appears to be mirroring the broader market’s bearish trend, plunging by approximately 20% in the last 24 hours, according to CoinMarketCap. The cryptocurrency has also declined by 30% over the past month, highlighting sustained downward pressure and waning investor confidence.

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In a recent post on X, crypto analyst Jesse Colombo pointed out XRP’s recent breakdown below key support zones, warning that the cryptocurrency is likely headed for an even deeper price crash to $0.6. The analyst highlighted the formation of a Head and Shoulder pattern on the price chart, a classic bearish reversal signal that often precedes a significant downward move. 

With XRP’s price currently trading at $1.68, a decline to $0.6 would represent a significant 64% decrease. Notably, AMCrypto has identified new support levels between $2 and $2.2, indicating that a rebound to this range could act as a critical barrier against further downside for the altcoin.

XRP
XRP trading at $1.7 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from Adobe Stock, chart from Tradingview.com



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Teucrium Launches First 2x Long XRP ETF in the US

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Teucrium Investment Advisors is set to launch its Teucrium 2x Long Daily XRP ETF (XXRP) after securing NYSE Arca approval. This marks the first exchange-traded fund (ETF) in the United States to offer leveraged exposure to XRP (XRP).

The move comes as the race for a spot XRP ETF intensifies in the US, with Polymarket odds suggesting a high likelihood of approval this year.

What Is Teucrium’s 2x Long XRP ETF and Why It Matters

The XXRP fund aims to deliver two times (2x) the daily price performance of the altcoin. It will begin trading on NYSE Arca on April 8.

According to its prospectus, the fund will not directly invest in XRP. Instead, it will primarily gain exposure through swap agreements with global financial institutions. 

There is also a provision for investment in XRP futures contracts, options, XRP-related companies, and spot XRP ETPs as needed. Additionally, the fund may utilize reverse repurchase agreements to enhance its investment capital.

“The fund presents different risks than other types of funds. The fund uses leverage and is riskier than similarly benchmarked funds that do not use leverage. The fund is intended to be used as a short-term trading vehicle,” the prospectus read.

The ETF enables investors to access the XRP market with a lower capital investment compared to buying equivalent derivatives directly. It has a management fee of 1.85% and offers monthly distributions to investors.

The launch of XXRP comes at a pivotal moment for XRP, as Ripple recently settled its legal battle with the SEC. Despite the lack of an approved spot ETF, Teucrium’s leveraged product offers a new avenue for investors seeking amplified exposure to the fourth-largest cryptocurrency by market capitalization. According to BeInCrypto data, XRP’s market cap stands at $111 billion.

Bloomberg’s senior ETF analyst Eric Balchunas commented on the development in the latest X (formerly Twitter post). He highlighted the unusual nature of this launch.

“Very odd (maybe a first) that a new asset’s first ETF is leveraged,” he said.

Balchunas also noted that while a spot XRP ETF has yet to be approved, the odds of such approval remain high. Many in the industry share this sentiment.

Interestingly, in anticipation of the XXRP launch, the likelihood of a spot XRP ETF receiving approval has surged. According to the prediction market platform Polymarket, odds have jumped by 5% since yesterday.

The chances of approval by December 2025 now stand at 75%. However, the outlook for a short-term approval by July 31 remains more cautious, with odds currently sitting at just 33%.

Odds of an XRP ETF Gaining Approval In 2025
Odds of an XRP ETF Gaining Approval In 2025. Source: Polymarket

It is worth noting that the SEC faces a critical deadline in October to decide on two XRP-based ETFs. These include the Grayscale and 21Shares XRP ETFs, following their filings in the Federal Register in February.

Additionally, BeInCrypto reported that major asset managers, including BlackRock and Fidelity, could soon file for an XRP ETF, joining WisdomTree, Bitwise, and Canary Capital.

As regulatory clarity around digital currencies continues to evolve, the market will be watching closely to see how this pioneering ETF performs and whether it paves the way for further XRP-based financial products in the US.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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XRP Price Recovery Fades—$2 Remains A Tough Nut to Crack

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he’s trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush’s journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he’s poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush’s unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.



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Ethereum Price Rebound Stalls—Can It Reclaim the Lost Support?

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Created by industry experts and meticulously reviewed

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Strict editorial policy that focuses on accuracy, relevance, and impartiality

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.


Este artículo también está disponible en español.

Ethereum price failed to recover above $1,700 and dropped below $1,550. ETH is now correcting losses and might face resistance near the $1,620 zone.

  • Ethereum failed to stay above the $1,620 and $1,550 levels.
  • The price is trading below $1,620 and the 100-hourly Simple Moving Average.
  • There is a connecting bearish trend line forming with resistance at $1,615 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair remains at risk of more losses if it fails to clear the $1,620 resistance zone.

Ethereum Price Recovery Faces Resistance

Ethereum price failed to stay above the $1,700 support zone and extended losses, like Bitcoin. ETH declined heavily below the $1,650 and $1,620 levels.

The bears even pushed the price below the $1,550 level. A low was formed at $1,410 and the price recently corrected some losses. There was a move above the $1,550 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $1,815 swing high to the $1,410 low.

However, the bears are active near the $1,620 zone. Ethereum price is now trading below $1,620 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $1,615 level.

There is also a connecting bearish trend line forming with resistance at $1,615 on the hourly chart of ETH/USD. It is close to the 50% Fib retracement level of the downward move from the $1,815 swing high to the $1,410 low. The next key resistance is near the $1,660 level.

Ethereum Price
Source: ETHUSD on TradingView.com

The first major resistance is near the $1,720 level. A clear move above the $1,720 resistance might send the price toward the $1,820 resistance. An upside break above the $1,820 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $1,880 resistance zone or even $1,920 in the near term.

Another Decline In ETH?

If Ethereum fails to clear the $1,620 resistance, it could start another decline. Initial support on the downside is near the $1,540 level. The first major support sits near the $1,505 zone.

A clear move below the $1,505 support might push the price toward the $1,420 support. Any more losses might send the price toward the $1,380 support level in the near term. The next key support sits at $1,320.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is losing momentum in the bullish zone.

Hourly RSIThe RSI for ETH/USD is now above the 50 zone.

Major Support Level – $1,540

Major Resistance Level – $1,620



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