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XRP Battle Heats Up—Can Bulls Turn the Tide?

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XRP price started a fresh decline below the $2.050 zone. The price is now consolidating and might face hurdles near the $2.10 level.

  • XRP price started a fresh decline below the $2.120 and $2.050 levels.
  • The price is now trading below $2.10 and the 100-hourly Simple Moving Average.
  • There is a short-term declining channel forming with resistance at $2.0680 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair might extend losses if it fails to clear the $2.10 resistance zone.

XRP Price Attempts Recovery

XRP price extended losses below the $2.050 support level, like Bitcoin and Ethereum. The price declined below the $2.00 and $1.980 support levels. A low was formed at $1.960 and the price is attempting a recovery wave.

There was a move above the $2.00 and $2.020 levels. The price surpassed the 23.6% Fib retracement level of the downward move from the $2.235 swing high to the $1.960 low. However, the bears are active below the $2.10 resistance zone.

The price is now trading below $2.10 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.070 level. There is also a short-term declining channel forming with resistance at $2.0680 on the hourly chart of the XRP/USD pair.

The first major resistance is near the $2.10 level. It is near the 50% Fib retracement level of the downward move from the $2.235 swing high to the $1.960 low. The next resistance is $2.120.

XRP Price

A clear move above the $2.120 resistance might send the price toward the $2.180 resistance. Any more gains might send the price toward the $2.2350 resistance or even $2.40 in the near term. The next major hurdle for the bulls might be $2.50.

Another Decline?

If XRP fails to clear the $2.10 resistance zone, it could start another decline. Initial support on the downside is near the $2.00 level. The next major support is near the $1.960 level.

If there is a downside break and a close below the $1.960 level, the price might continue to decline toward the $1.920 support. The next major support sits near the $1.90 zone.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now losing pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level.

Major Support Levels – $2.00 and $1.960.

Major Resistance Levels – $2.10 and $2.120.



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Why Analysts Believe Q2 is a Great Opportunity to Buy Altcoins

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As Bitcoin (BTC) continues to dominate with increasing market share, many analysts believe Q2 of 2025 will be the ideal time to accumulate altcoins.

The altcoin market capitalization has dropped 40% from its all-time high (ATH), falling below $1 trillion. Many altcoin investors are facing losses. However, analysts believe this could be the setup phase for an upcoming altcoin season.

Will Q2 See an Altcoin Season?

Joao Wedson, an analyst from Alphractal, pointed out that many altcoins have performed poorly in the current market cycle (2022–2025).

In a post on X, Wedson emphasized that several altcoins have returned to their launch prices. Some of these were once hyped as “rockets to the moon.” This indicates a period of accumulation, making it a good time to place buy orders at low prices.

Altcoin Season Index vs Bitcoin
Altcoin Season Index vs Bitcoin. Source: Alphractal.

“Since December 2024, we’ve been in a bear market (actually, the sentiment was already bearish since October). But I still believe that between April and May, the market will heat up for cryptos—even if BTC drops further, as we still have lower targets.” — Joao Wedson, founder of Alphractal, predicted.

Wedson advises investors to focus on altcoin projects with strong fundamentals and growth potential. He suggests avoiding coins that will be surging in 2024, such as ETH, SOL, and TRX. His strategy is patiently waiting and buying at low prices—a cautious yet promising approach.

Meanwhile, another well-known analyst, Ash Crypto, predicts that once Bitcoin’s dominance reaches 70%, it will signal Bitcoin’s peak. Historically, this level has marked the start of an altcoin season within the following months.

Bitcoin Dominance Monthly Chart
Bitcoin Dominance Monthly Chart. Source: Ash Crypto

Bitcoin Dominance (BTC.D) represents Bitcoin’s market capitalization relative to the total crypto market cap. When BTC.D declines, it signals that capital flows into altcoins instead of Bitcoin.

Currently, BTC.D remains above 60% with no signs of weakening. Ash Crypto’s forecast strengthens the belief that Q2 and Q3 of 2025 could begin a significant altcoin rally.

Additionally, experienced trader Merlijn agrees with this outlook. In a recent post on X, he predicted that an altcoin season similar to 2021 is approaching. He highlighted that the next three to six months will be crucial for investors to shape their portfolios.

“Altcoin season is setting up—just like in 2021… The next 3–6 months could define your portfolio.” — Merlijn The Trader predicted.

However, a recent analysis from BeInCrypto reported that the Crypto Fear & Greed Index has dropped to 25 points, indicating “Extreme Fear.” Concerns over escalating trade wars are intensifying investor anxiety.

Some analysts, such as Coin Bureau founder Nic Puckrin, believe that Bitcoin is far from a bear market, but the future of several altcoins is questionable.

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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PEPE Price Breaks Ascending Triangle To Target Another 20% Crash

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The PEPE price has taken a sudden bearish turn after breaking out of an Ascending Triangle pattern. In light of this breakout, a crypto analyst has predicted that PEPE could face a massive 20% price crash if it fails to hold above a critical resistance level

Bears Threaten 20% Crash In PEPE Price

PEPE’s price action has swiftly reversed from bullish to bearish, marked by a negative Change of Character (CHoCH) following its breakout from an Ascending Triangle pattern. Notably, PEPE’s CHoCH is highlighted where the price broke below previous support, indicating a significant structural shift to the bearish zone as buyers lose momentum. 

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According to pseudonymous TradingView analyst ‘MyCryptoParadise’, bears could seize control of PEPE’s price as it approaches a crucial resistance zone at $0.000008. The analyst has suggested that if the meme coin fails to break above the resistance, it could result in a 20% crash to lower support levels. 

The first minor support level at $0.0000065 is highlighted in the green line on the analyst’s price chart. Should bearish momentum persist, PEPE could drop further, trapping late buyers and extending its correction phase. The analyst has pinpointed a much deeper support zone at $0.0000055, serving as a crucial defense against a stronger price breakdown. 

PEPE
Source: MyCrptoParadise on Tradingview

A major factor supporting PEPE’s projected price crash is the alignment of its key resistance level with several bearish elements. The TradingView analyst’s price chart shows that PEPE’s $0.000008 resistance coincides with a 200 Exponential Moving Average (EMA), which acts as a dynamic resistance. The 200 EMA is often a reliable indicator of long-term trend shifts, and its overlap with the resistance adds strength to the bearish outlook. 

The resistance also coincides with a Fair Value Gap (FVG), a region where liquidity has been left untested, suggesting that price could be drawn back to fill this gap. Lastly, PEPE’s critical resistance level intersects with a Fibonacci Golden Zone, a key retracement level where price reversals often occur, further signaling the potential for a downturn. 

Potential Breakout Scenario

While ‘MyCryptoParadise’ projects a 20% correction for the PEPE price, which is currently trading at $0.00000698, he also shared a possible bullish scenario in which the meme coin surprises traders with an upward breakout. The TradingView analyst has projected that if PEPE manages to close a candle above the $0.000008 resistance, his bearish thesis could be completely invalidated.

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In this case, the market should anticipate a continuation of the uptrend, with the next price target potentially reaching $0.0000085 and beyond. However, for bulls to break through this resistance level, strong volume and momentum are required. Given that Pepe’s price is still in the red, this bullish scenario seems like a less likely scenario for now.

PEPE
PEPE trading at $0.0000068 on the 1D chart | Source: PEPEUSDT on Tradingview.com

Featured image from Adobe Stock, chart from Tradingview.com



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Ethereum Holders Buy Heavily as Price Nears October 2023 Levels

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Ethereum has experienced a challenging month and a half, with its price nearing a 17-month low at $1,802 at the time of writing. Despite this ongoing downtrend, which nearly sent ETH into a bear market, key investors have remained optimistic.

As Ethereum approaches these significant levels, many market participants believe that a price rebound could be on the horizon.

Ethereum Investors Capitalize On Low Prices

Ethereum’s supply on exchanges has dropped to a six-month low, indicating that investors are increasingly holding their assets off the market. This drop in exchange supply is often seen as a bullish sign because it suggests that long-term holders (LTHs) are accumulating more ETH at these low price levels, anticipating future price appreciation.

These investors are not willing to sell, demonstrating strong conviction in Ethereum’s long-term value. The decrease in exchange balances also indicates less short-term trading activity. This suggests that many investors are waiting for the price to rebound before making any moves.

Ethereum Supply On Exchanges
Ethereum Supply On Exchanges. Source: Glassnode

Over the past month, Ethereum’s Liveliness indicator has declined, signaling that the selling pressure is weakening. Liveliness measures the activity of long-term holders, and a decline generally points to accumulation rather than selling. 

This drop reflects the growing sentiment among Ethereum’s long-term investors, who are increasing their holdings and expecting the price to recover in the future. The decline in Liveliness suggests that many are confident in Ethereum’s fundamentals and are less concerned about short-term fluctuations.

This accumulation phase suggests that Ethereum’s market sentiment may be shifting. The confidence of LTHs—who hold significant influence over the asset’s price—could lead to a strong upward momentum once the market conditions improve. 

Ethereum Liveliness
Ethereum Liveliness. Source: Glassnode

ETH Price Needs A Nudge

Ethereum is currently trading at $1,802, just below the resistance level of $1,862. The price has been stuck under this barrier for six weeks, continuing the downtrend that has defined much of the recent price action. However, if Ethereum can break above $1,862, it could signal the end of the downtrend and the start of a price recovery.

Given the current market sentiment and accumulation by key holders, it is possible that Ethereum will continue to gain upward momentum. If Ethereum successfully breaks through the $1,862 resistance, it could move toward the $2,000 mark, regaining some of the losses from the previous weeks. 

Ethereum Price Analysis
Ethereum Price Analysis. Source: TradingView

On the other hand, should the bearish sentiment intensify, Ethereum’s price may dip further toward its 17-month low of $1,745. Failure to secure support at this level could lead to even greater losses. This could extend the recent downtrend and leave many investors exposed to a prolonged bearish market.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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