Crypto Potato 2026-03-16 07:30:13

Ripple Price Surges 5% But Analyst Refuses to Trust This XRP Pump

With the entire cryptocurrency market rebounding in the past 12 hours or so, Ripple’s cross-border token has joined the trend, jumping 5% to almost $1.50. Analysts have weighed in on this performance, with some suggesting that the asset has neared a key sell wall zone that could determine the next move and whether it could challenge $1.95. Others, though, have some trust issues. $1.95 or Dead-Cat Bounce? In the hours leading to the impressive surge, CryptoWZRD noted that XRP had closed indecisively. However, they added that if it breaks above the crucial $1.43 resistance, the asset could be primed for a more sustainable rebound, as it did shortly after their post. The aforementioned jump drove XRP to almost $1.50, which is the highest price tag in over two weeks. Fellow analyst CW outlined a chart showing that this level is actually a major sell wall. If broken, XRP’s path should be quite clear until the next such significant obstacle, all the way at $1.95. $XRP has reached the sell wall zone. If it breaks through this sell wall, there is no other resistance until $1.95. pic.twitter.com/Z4olAq6ot3 — CW (@CW8900) March 16, 2026 Interestingly, Cobb, who is among the most vocal and bullish members of the XRP Army, said they “simply refuse to trust this XRP pump.” Perhaps this is because the asset has charted similar impressive gains several times for a few days, only to be rejected and pushed back to its rather tight trading range. However, the landscape could be different now as the Bollinger Bands had squeezed to a level suggesting a big move ahead. No Shorts on XRP? Another interesting post from CW showed that “there are almost no short positions on XRP.” This has particular significance given the fact that the asset’s futures open interest had surged by 16.5% in the past week, going to over $1.6 billion, according to data from Ali Martinez. Meaning, traders are ramping up their leveraged XRP positions but evidently expect a major move upward. There are almost no short positions on $XRP . pic.twitter.com/rlfi7ht1XX — CW (@CW8900) March 16, 2026 The post Ripple Price Surges 5% But Analyst Refuses to Trust This XRP Pump appeared first on CryptoPotato .

Meist gelesene Nachrichten

TEAMZ Summit 2026 Unveils Agenda for Internat...
2026-03-18
SEC Finally Explains Which Crypto Are Securit...
2026-03-18
USD Weakness: Critical Fed Focus Drives Dolla...
2026-03-18
RBA Interest Rate Hike: Critical Analysis Rev...
2026-03-18
GSR Acquires Autonomous and Architech to Laun...
2026-03-18
Bitget Research Analyst Breaks Down What’s Ha...
2026-03-18
Top Meme Coins That Could Still Surge Despite...
2026-03-18
EUR/USD Maintains Bullish Momentum as Federal...
2026-03-18

Lesen Sie den Haftungsausschluss : Alle hierin bereitgestellten Inhalte unserer Website, Hyperlinks, zugehörige Anwendungen, Foren, Blogs, Social-Media-Konten und andere Plattformen („Website“) dienen ausschließlich Ihrer allgemeinen Information und werden aus Quellen Dritter bezogen. Wir geben keinerlei Garantien in Bezug auf unseren Inhalt, einschließlich, aber nicht beschränkt auf Genauigkeit und Aktualität. Kein Teil der Inhalte, die wir zur Verfügung stellen, stellt Finanzberatung, Rechtsberatung oder eine andere Form der Beratung dar, die für Ihr spezifisches Vertrauen zu irgendeinem Zweck bestimmt ist. Die Verwendung oder das Vertrauen in unsere Inhalte erfolgt ausschließlich auf eigenes Risiko und Ermessen. Sie sollten Ihre eigenen Untersuchungen durchführen, unsere Inhalte prüfen, analysieren und überprüfen, bevor Sie sich darauf verlassen. Der Handel ist eine sehr riskante Aktivität, die zu erheblichen Verlusten führen kann. Konsultieren Sie daher Ihren Finanzberater, bevor Sie eine Entscheidung treffen. Kein Inhalt unserer Website ist als Aufforderung oder Angebot zu verstehen