- XRP jumped 6% to $2.15, shrugging off a bearish death cross pattern on the 4-hour chart after briefly dipping to $2.02.
- Grayscale’s ETF filing includes XRP, signaling growing institutional interest and potential for broader investor access.
- Key levels to watch: XRP needs to reclaim $2.39 for a bullish breakout, while a drop below $2 could trigger a slide toward $1.77 or lower.
Even with a death cross flashing red on the charts, XRP isn’t backing down just yet. The fourth-largest crypto by market cap took a dip—but came right back swinging.
Earlier this week, things looked rough. A classic bearish signal, the death cross—where the short-term moving average drops below the long-term one—showed up on the four-hour chart. Usually, that’s a cue for more downside. And yeah, the price did slip to around $2.02 right after.
But then… boom. Buyers stepped in fast, and XRP reversed hard. As of now, it’s trading around $2.15, up about 6% in the last 24 hours.
Market Mood Lifts as Crypto Sees a Modest Comeback
It’s not just XRP feeling the love. The whole market’s had a bit of a bounce, with green candles popping up across the board. CoinShares’ latest report (March 31) showed a $226M inflow into crypto assets last week.
And here’s the kicker—XRP alone saw $4.8 million in inflows. That’s not huge compared to BTC or ETH, but it does say something: people are still paying attention. Lower prices? They’re tempting traders back in.
Tech Breakdown… Then Rebound
Let’s rewind a sec. XRP had a rough stretch—from March 24 through the end of the month, it was mostly red days. In fact, it posted losses in six of seven sessions, eventually bottoming out around $2.02 on March 31.
Since then? It’s managed to recover, but traders are asking: is this a real bounce or just a dead cat moment?
Here’s what to watch next:
- If XRP can reclaim the 50-day SMA at $2.39, that’s a pretty big deal. It would signal the bulls are gaining ground again.
- Above that, there’s the magic $3 mark—a psychological level that everyone and their grandma is watching.
- On the downside? Losing the $2 support zone could trigger a head-and-shoulders breakdown, which might send XRP sliding toward $1.77, maybe even $1.27 if things really fall apart.
So yeah—high stakes either way.
Grayscale Drops a Surprise ETF Angle
Here’s a juicy bit: Grayscale just included XRP in its ETF conversion filing. They’re trying to convert their Digital Large Cap Crypto Fund into a full-blown ETF, and XRP is in the mix.
Now, that doesn’t guarantee anything, but it does show that institutions are still circling XRP, even after all the legal drama. If this ETF gets the SEC’s nod, XRP could become way more accessible to traditional investors. That’s not a small thing.
So… Is This Just Noise or a New Leg Up?
On one hand, you’ve got bearish signals like the death cross and a rough few weeks of trading. On the other? XRP’s quick recovery, solid inflows, and ETF momentum suggest bulls aren’t giving up without a fight.
If XRP holds this bounce and builds strength above $2.15—especially with strong volume—it could be the start of another leg higher. But traders are being cautious, and rightfully so. Sentiment’s still fragile. One bad macro headline could shift things quickly.
