

The cryptocurrency market is once again under pressure as XRP struggles to stay above key resistance levels. Now trading at $1.82, it's down nearly 50% from its yearly high
The cryptocurrency market is once again under pressure as XRP struggles to stay above key resistance levels. Now trading at $1.82, it’s down nearly 50% from its yearly high, raising concerns among investors.
Key Takeaways:
* Billionaire investor Ray Dalio has issued a chilling warning—he believes the global economy is on the verge of a massive collapse, with several alarming factors indicating a pending financial crisis.
* Dalio’s concerns come amid record losses in U.S. stock markets, with the Dow Jones and Nasdaq 100 taking a steep hit.
* In just a few days, investors have lost over $10 trillion, while the crypto market has taken a $1.5 trillion hit.
As the economic outlook grows bleak, investors will be closely watching to see if the world’s largest cryptocurrency, Bitcoin, can break above the crucial resistance level of $70,000. A breach above this level could spark a strong rally in crypto prices.
However, if the economy continues to weaken, XRP could be in for a rough ride. Despite its recent struggles, XRP still has strong growth potential.
Positive Signs for XRP:
* Ripple Labs, the company behind XRP, is working to improve global payments and compete with the SWIFT system, which banks currently use for international transactions.
* At the same time, the SEC is reviewing several applications for XRP exchange-traded funds (ETFs). If approved, these ETFs could bring in big investors and drive up XRP’s value.
* In a promising prediction, Standard Chartered predicts XRP could surpass Ethereum in market capitalization within five years, with its price possibly reaching $12.50 by 2028.
XRP Price at Risk:
* XRP is currently trading around $1.82, reflecting a drop of 7% seen in the last 24 hours, with a market cap hitting $105.9 billion.
* Looking at the technical analysis, XRP has formed a head and shoulders pattern, a technical indicator often associated with potential price declines.
* The “head” of this pattern is identified at $3.43, with “shoulders” around $3. The price has dipped below the neckline at approximately $1.9195, aligning with the 50% Fibonacci retracement level.
This movement suggests a possible further decline, with the next support level projected near $1.062.
The above is the detailed content of The cryptocurrency market is once again under pressure as XRP struggles to stay above key resistance levels. For more information, please follow other related articles on the PHP Chinese website!

Which digital currency exchange app platform is better: 1. OKX, 2. Binance, 3. Coinbase, 4. Kraken, 5. Huobi Global, 6. KuCoin, 7. Bitfinex, 8. Bittrex, 9. Poloniex, 10. Bitstamp, these platforms have their own characteristics, and users can choose suitable APPs based on factors such as transaction rates, security, user experience, supported currencies and liquidity.

Nasdaq submitted a 19b-4 filing with the U.S. Securities and Exchange Commission (SEC) to approve the listing of a spot Dogecoin exchange-traded fund (ETF) managed by 21Shares.

The top three virtual digital currency trading apps are: 1. OKX, 2. Binance, 3. Coinbase. 1. OKX ranks first with its powerful features and user-friendly interface, supporting a variety of transactions and staking services. 2. Binance ranks second with its huge user base and rich trading pairs, providing a variety of trading and IEO services. 3. Coinbase ranks third with its user-friendly interface and powerful security measures, supporting a variety of mainstream virtual currency transactions.

Notably, a recent Power Law model analysis has set an ambitious target for the Bitcoin price, suggesting a target of $200,000.

The top ten digital currency trading apps recommended in 2025 include: 1. Binance, 2. OKX, 3. Coinbase, 4. Kraken, 5. Huobi, 6. KuCoin, 7. Bitfinex, 8. Gemini, 9. Bybit, 10. Bitstamp, these platforms stand out in the market for their capabilities, user experience and security.

On Tuesday, the crypto economy edged 0.51% higher over the past 24 hours, cruising at a valuation of $2.98 trillion, with bitcoin ticking up 0.5% and ethereum climbing 1.5%

The rankings of the top ten exchanges in the cryptocurrency circle in 2025 are: 1. Binance, 2. OKX, 3. Coinbase, 4. Kraken, 5. Huobi, 6. Bitfinex, 7. Bittrex, 8. Poloniex, 9. KuCoin, 10. Gemini. Each exchange is highly respected for its trading volume, currency richness, security, and user-friendliness.

Notably, the Meme segment has added 17.42% in its valuation to $56.16 billion from $47.66 billion.

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Article

Hot Tools

Dreamweaver Mac version
Visual web development tools

SublimeText3 English version
Recommended: Win version, supports code prompts!

SublimeText3 Mac version
God-level code editing software (SublimeText3)

VSCode Windows 64-bit Download
A free and powerful IDE editor launched by Microsoft

Zend Studio 13.0.1
Powerful PHP integrated development environment
