XRP Price Forecast: Three Consecutive Declines – Is This Merely a Retracement or the Beginning of a Mass Selloff?

XRP has experienced a decline for three consecutive days, and it may continue this trend today, as the token encountered a significant sell wall at $2.35. However, this could merely be a temporary hurdle for optimistic XRP price forecasts.

Over the past week, this altcoin has recorded a 10.5% increase, making it the leading asset among the top 5 during this timeframe.

Trading volumes surged as buying momentum intensified. Nonetheless, buyers faced considerable selling pressure at $2.35. This price point aligns with the 200-day exponential moving average (EMA).

The price action has clearly rejected a move above this critical threshold, suggesting that the market is not yet prepared to change its direction.

In the meantime, XRP exchange-traded funds (ETFs) recorded their first day of negative net inflows since the inception of these products in the United States.

XRP Price Prediction: XRP Must Remain Above $1.95 to Sustain the Rally

Due to the recent rally, XRP has broken its bearish price trend and has potentially initiated the first phase of an upward movement.

The $1.95 level is crucial to monitor, as it represents an important structural zone.

Source: TradingView

If the price falls below this level, it would indicate that sellers maintain control over the price dynamics, and this recent increase was merely a “relief rally.”

Conversely, if XRP rebounds strongly from this point, or even before reaching it, the upward momentum will be preserved.

The next target would be surpassing the 200-day EMA to verify that buyers possess the strength to drive the price to new heights.

The crypto market is signaling various indications that a recovery has commenced. Similar to XRP, a promising crypto presale known as Bitcoin Hyper ($HYPER) is garnering significant attention for its aim to integrate Solana technology into the Bitcoin blockchain.

Bitcoin Hyper ($HYPER) Leverages Solana’s Framework to Shape Bitcoin’s Future

Bitcoin Hyper ($HYPER) is a promising presale set to usher in the next phase of Bitcoin by enhancing its speed, reducing costs, and preparing it for genuine DeFi.

Designed as a Layer-2 solution utilizing Solana’s robust technology, it significantly reduces transaction fees and greatly enhances speed, addressing the primary challenge developers have encountered when working on Bitcoin.

This innovation allows Bitcoin Hyper to pave the way for new decentralized applications to debut on Bitcoin for the first time, including meme coin launchpads, payment systems, and more.

This isn’t simply a quicker Bitcoin; it represents a new foundation for the potential of the Bitcoin ecosystem.

BTC holders will soon have the opportunity to earn yield, stake, and lend their tokens through the Hyper Bridge, a secure portal that retains their assets on the original Bitcoin blockchain while providing access to the Hyper Layer-2 network.

This seamless integration between Bitcoin and the accelerated Hyper ecosystem unlocks real utility without sacrificing security.

As leading wallets and major exchanges begin to support this solution, the demand for $HYPER could rise significantly.

To acquire $HYPER before it becomes available on exchanges, simply visit the official Bitcoin Hyper website and connect any compatible wallet (e.g., Best Wallet).

You can either exchange USDT or ETH for it or utilize a bank card to finalize the transaction within seconds.

Visit the Official Bitcoin Hyper Website Here

The post XRP Price Prediction: Three Consecutive Red Days – Is This Merely a Pullback or the Onset of a Panic Selloff? appeared first on Cryptonews.