18-4-2025 – Ripple’s XRP has breached the $2 mark, though market sentiment remains divided betwixt optimism and cautious restraint. The digital asset has garnered fresh attention amidst speculation regarding potential spot ETF approval in the United States, following the precedent set by Bitcoin and Ethereum.
Market analysts have observed a peculiar divergence in trading patterns on Deribit, a prominent cryptocurrency derivatives exchange. The options market reveals a marked preference for put options, suggesting a defensive stance amongst traders. This negative options skew across multiple timeframes reflects underlying concerns about immediate price trajectory, despite the broader ETF narrative.
Technical indicators have cast additional shadows over short-term prospects, with XRP’s recent departure from an ascending wedge formation raising eyebrows amongst market watchers. Some specialists suggest the digital asset might test support levels near $1.6, barring significant positive catalysts.
Nevertheless, XRP’s robust order book depth stands as a testament to its market maturity, distinguishing it from peers like Solana. This characteristic stability during substantial trading volumes could potentially strengthen its position in regulatory discussions regarding ETF approval. Ripple’s continued focus on cross-border payment solutions further bolsters its fundamental value proposition.
Crypto analyst EGRAG CRYPTO has highlighted potentially crucial technical developments, noting XRP’s position above the $2.10 threshold and the 21-week exponential moving average. The analyst identifies $2.25 as a critical “lock-in” level, suggesting that a weekly close above this mark could confirm a bullish trend reversal, with the 7th April low potentially marking a significant bottom.
