Why XRP’s Price is Like a Wobbly Jenga Tower on a Rollercoaster! 🎢💸

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On the 9th of March, 2025, Ripple (XRP) decided to play a game of “let’s see how high we can bounce” above the $2.10 mark, while the broader crypto market was busy experiencing a delightful bout of selling pressure, courtesy of the latest U.S. Non-Farm Payrolls (NFP) report. The latest XRP liquidation data, which sounds like a fancy term for “we’re in trouble,” reveals a crucial bearish leverage cluster that could determine the next major price move. Spoiler alert: it’s not looking good! 😬

Ripple (XRP) Stabilizes Above $2 as Markets Brace for Further Outflows

Despite a weekend sell-off that could make even the most stoic of traders weep, Ripple (XRP) found strong support at the $2 level. It traded as low as $2.08 on Sunday, marking a 22% decline in just 48 hours. But fear not! The bullish traders, armed with nothing but sheer willpower and a sprinkle of optimism, managed to bounce XRP back to $2.17 at the time of writing. Bravo! 🎉

Meanwhile, the broader crypto market was weighed down by capital outflows, as if it were carrying a particularly heavy backpack filled with rocks and bad decisions. With bond yields climbing and inflation concerns resurfacing, risk assets like XRP continue to face macroeconomic headwinds. The 10-year U.S. Treasury yield surged to 4.3%, its highest level since November 2023, signaling that institutional investors are shifting funds toward fixed-income securities. Because who doesn’t love a good bond? 📈

As tariff impacts on global trade begin to materialize, crypto markets could experience further volatility in March. This could put additional pressure on Ripple price, making its upcoming resistance battles even more crucial for traders seeking a bullish recovery. It’s like watching a soap opera, but with more numbers and fewer dramatic pauses.

XRP Bears Deployed $297M in Leverage at $2.70 Over the Past Month

XRP price action has been significantly influenced by market sentiment surrounding Donald Trump’s economic policies. While Bitcoin has been doing its best impression of a rollercoaster, XRP traders have also adjusted their positions in anticipation of further regulatory shifts. Buckle up, folks! 🎢

According to Coinglass data, bearish traders currently dominate the XRP derivatives market. Over the past 30 days, total long leverage positions amounted to $114 million, while short leverage stood at a staggering $372 million. This means that bearish sentiment has accounted for approximately 76.5% of leveraged positions, reflecting growing caution among traders regarding Trump’s policies and their potential impact on XRP prices. Who knew politics could be so… impactful? 🤔

A closer look at the liquidation map reveals that of the active $372 million in short contracts, a significant $297 million is concentrated at the $2.70 mark. This level represents a major hurdle for bulls in the next recovery phase. It’s like trying to jump over a very high bar while wearing roller skates. Good luck with that!

If XRP price approaches $2.70, bearish traders could deploy defensive measures, including increasing short positions or triggering liquidations, to suppress upward momentum. This could create a temporary resistance zone, making it difficult for bullish traders to push prices toward the next psychological target of $3.1. Because who doesn’t love a good psychological hurdle? 🧠

For traders with a low-risk appetite, waiting for a confirmed breakout above $2.70 before entering major long positions could provide a safer entry strategy. A decisive move above this resistance would indicate a shift in market sentiment, potentially setting the stage for a sustained bullish rally. Or, you know, just more confusion. 🤷‍♂️

XRP Price Forecast: $2.7 Resistance Looming Large As Bears Gain Control

XRP price remains under pressure, leaning bearish as it struggles to hold above $2.18 following a 20% decline over the past two days. The chart reveals a decisive breakdown from its previous consolidation range, with the upper Donchian Channel boundary at $2.99 acting as a

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2025-03-10 00:15