XRP Plummets 20% After Ripple’s Lawsuit Closure Against SEC, What’s Next?

XRP is witnessing massive volatility, with its price nosediving from $2.22 to $2.10 within the last 24 hours. Despite this development, XRP holders remain bullish, as reflected in the over 1 billion XRP committed to open interest within the same time frame.

XRP predictions: $1.07 or $11

CoinGlass data reveal that the total number of outstanding XRP futures invested in derivatives by traders stood at 1.74 billion XRP. This volume of XRP is worth $3.65 billion per current market value.

The increased open interest above 1 billion suggests that market activity still encourages investors to commit funds to the asset. Notably, open interest remains one of the key metrics used to gauge investors’ confidence.

Analysts opine that investors' bullish sentiments could be due to XRP's resilience and performance in the broader cryptocurrency market.

For instance, in the last 365 days, XRP has soared by a staggering 240%. XRP’s performance is over 10 times that of the leading digital currency, Bitcoin, which grew by 20.8%. As such, holders could expect that XRP would continue on this trajectory in the long term.

Veteran traders have made diverse predictions about the possible price outlook of XRP. Peter Brandt has hinted that XRP’s head-and-shoulders pattern could drop the coin to $1.07 if it breaches the $1.90 support level.

However, Dark Defender predicts a price breakout that could hit between $10 and $11 in an over 500% surge. Ali Martinez says if XRP rises above $3, it could upturn the head-and-shoulders pattern and market outlook.

Will XRP break out before April?

XRP has lost 5.69% of its value to trade at $2.09 as of this writing. However, trading volume remains in the green, with an uptick of 16.23% to $4.12 billion.

Market participants continue to anticipate an upward price shift as they close the final days of March. Only time will tell whether the breakout will occur before April.

Bitcoin’s recent dip from an all-time high of $109K all the way to $77K rattled a lot of retail investors, who started panic selling, which further intensified $BTC’s fall.

However, smart investors knew all along that corrections in an extremely bullish market (referring to Bitcoin’s November run) are healthy. In fact, they only mean one thing – new accumulation zones before the next rally begins. Several strong technical analysis signals are now pointing towards the same, i.e., Bitcoin is currently in an accumulation phase and that it’ll soon begin its next leg higher.

Read on as we dive deeper into Bitcoin’s analysis, why this could be the perfect time to be a buyer, and finally which new meme coins on presale you should be looking at.

4 Reasons Why Bitcoin Could Rally Higher

Here’s a detailed run-through of all the major reasons why $BTC is in a pole position to reach new highs.

1. The Long Term Holder Supply for Bitcoin is showing a noticeable increase.

Cardano , now the ninth-largest cryptocurrency by market capitalization, is trading around a key support level near $0.69. At the time of writing, ADA was down 2.63% in the last 24 hours to $0.682 and down 4.65% weekly.

According to crypto analyst Ali, if ADA manages to sustain this level, it could trigger a rebound toward the $0.77 mark. The essence of the $0.68 to $0.69 support range was seen this month with ADA rebounding twice from here in March. Cardano rose to highs of $0.77 following Sunday, March 23's rebound from $0.69. Daily Chart, Courtesy: TradingView">

The crypto market saw a sudden downturn on Friday, wiping out gains from earlier in the week. Bitcoin plunged as much as 5% to around $83,000 on Friday, erasing much of the week's gains. Cardano also fell, continuing its decline from Wednesday's high of $0.774. After plunging to lows of $0.689 on Friday, Cardano hit intraday lows of $0.677 on Saturday before recovering marginally to where it presently trades.

The drop in crypto prices coincided with a sell-off in U.S. stocks owing to weak economic data, as macroeconomic concerns continued to weigh on the larger crypto market. Hopes for the cryptocurrency rebound to continue were dashed on Friday, as a market-wide meltdown erased nearly all gains from earlier this week.

Market sees sell-off

The crypto market is currently trading in losses in the early Saturday session, extending Friday's slump, with the majority of digital assets down as investors considered a higher-than-expected inflation report. The February PCE inflation report, released on Friday, showed a 2.5% year-over-year increase in the price index, with core inflation at 2.8%, somewhat higher than anticipated.

In the last 24 hours, crypto derivatives traders have suffered $308 million in liquidations, according to CoinGlass data. The majority of this figure came from leveraged longs, traders expecting crypto prices to rise, totaling $270 million.

In the coming session, traders and investors will keep a careful eye on ADA's price behavior near important support levels, first at $0.69 and subsequently at $0.64. A strong rise over the daily moving averages of 50 and 200, at $0.754 and $0.723, would be the first sign of strength, with a target of $1. Cardano is currently at a key juncture, with its next move likely influenced by broader market trends and investor sentiment.

El Salvador’s President Nayib Bukele has hinted at an upcoming visit to US President Donald Trump at the White House. The move has fueled speculation about closer cooperation between the two pro-Bitcoin leaders.

Although no official agenda has been released, if confirmed, the meeting would mark Bukele as the first Western Hemisphere leader to visit Trump at the White House during his current term.

Can Bitcoin Improve Diplomatic Relationship Between US and El Salvador?

On March 28, Bukele reacted to a report claiming that Trump plans to invite him to Washington.

Responding on social media, Bukele confirmed his willingness to visit and jokingly noted that he would bring “several cans of Diet Coke” — a nod to Trump’s well-known beverage of choice.

The two leaders have enjoyed a friendly relationship since Trump’s return to office. They reportedly spoke after the inauguration, and Trump later thanked Bukele publicly, commending his “understanding of this horrible situation” regarding US border issues.

Meanwhile, the possible visit follows El Salvador’s acceptance of deported Venezuelan gang members from the US.

These individuals were held at the country’s high-security Terrorism Confinement Center. The facility was recently visited by US Homeland Secretary Kristi Noem.

President Bukele’s administration has earned international praise — and criticism — for its tough stance on crime. His crackdown on gangs has transformed El Salvador from one of the most violent nations in the world to one of the safest in Latin America.

Meanwhile, speculation is growing within the crypto community that Bitcoin may emerge as a significant topic during the leaders’ discussions. Both Bukele and Trump have openly supported Bitcoin, though their approaches differ slightly.

Bukele’s stance on Bitcoin is notably proactive. In 2021, he spearheaded the creation of the world’s first national Bitcoin reserve, which has since grown to 6,130.18 BTC—worth over $512 million.

Moreover, his pro-Bitcoin initiatives have attracted substantial foreign investments, including partnerships with prominent crypto companies like Tether.

President Trump also recently became more supportive of the top crypto asset, reversing previous skepticism.

Earlier this month, Trump authorized the establishment of a US National Bitcoin Reserve, with the federal government holding initial holdings of around 200,000 BTC.

Bitcoin is seemingly at another crossroads.

After a volatile week, the cryptocurrency is testing a critical support zone between $82,000 and $84,000, and analysts are split on whether it is the calm before another leg up or the start of a brutal correction.Bear Trap or Bear Market?

Crypto influencer Kyle Chasse sent alarm bells ringing, cautioning, “If that support is lost, expect a drop to $80K. $77K-78K if we lose that support.” YouTuber Crypto Rover called it a “big danger for all Bitcoin holders” as it slides dangerously close to breaking a crucial uptrend formed in March.

Adding to the suspense, crypto trader Daan Crypto pointed out to his more than 400,000 followers on X that April 2, dubbed “Liberation Day” by U.S. President Donald Trump, could bring unexpected volatility as he imposes new tariffs, including a 25% charge on foreign-made cars and auto parts.

“With April 2nd approaching and potentially some headlines leaking, I wouldn’t be surprised to see some action this weekend,” the investor speculated.CME Gaps and Brazil’s Big Play

While the short-term outlook seems shaky, a surprising twist is emerging: BTC adoption is heating up. Shortly after video game retailer GameStopannouncedplans to buy $1.3 billion worth of Bitcoin, a senior official in the Brazilian government revealed that the country is pushing to allocate 5% of its national reserves to the asset, a move that could potentially send shockwaves through the market. Could this be a setup for a huge reversal?

Then there’s the infamous CME gap. BTC recently created a new gap at $84,418, sparking speculation about a potential fill next week. However, traders are divided, with some expecting a violent breakdown and others seeing the situation as a classic bear trap designed to shake out weak hands before a rally. “Two words: bear trap,” fired JAN3 CEO Samson Mow in an X post.

If Bitcoin loses key support, market indicators suggest we could be staring down a brutal correction to the $71,000 level. However, if the bulls defend $82,000, and depending on the market’s reaction to news leaks regarding April 2, a recovery past $90K may not be off the table.

As Ethereum is touching new local lows, being 44% down in 2025, two notable whale positions on the Maker exchange are close to a massive liquidation. yet again hit multi-year lows, while seasoned investors turn extremely bearish on the second largest cryptocurrency.

$238,000,000: Ethereum whales of Maker on verge of liquidation

Two whale-size accounts on Maker, a large-scale DeFi, inch closer to a nine-digit liquidation. Should the Ethereum price drop by another 4%, $238 million in Ethereum long positions will be erased. This alarming situation was noticed by Lookonchain, a crypto research platform.

The observation was shared today, March 29, 2025, by the official Lookonchain account on X with 580,000+ followers.

Two whales borrowed Dai (DAI), pledging 125,603 Ethers as collateral. At current prices of $1,874 per Ethereum , health ratios for both loans dropped to 1.06-1.07, which is extremely close to the forced liquidation level.

As such, the two Maker whales will be losing their positions once Ether drops to $1,805 and $1,787, respectively, data says.

Ethereum , the second-largest cryptocurrency, lost 6.3% in the last week, expanding its year-to-date losses over a whopping 44%.

Ether as investment is completely dead, hedge fund manager says

The Ethereum to Bitcoin rate plunged to 0.02246, which is the lowest since early May 2020. As such, is targeting five-year lows, being almost 4x cheaper compared to the November 2021 peak.

Investors' pessimism accelerates as Ethereum is close to completing its worst Q1 in years. Macro investor Quinn Thompson, CIO of Lekker Capital macro hedge fund, says it is over for Ethereum as an investing instrument:

Make no mistake, ETH as an investment is completely dead. A $225 billion market cap network that is seeing declines in transaction activity, user growth and fees/revenues. There is no investment case here. As a network with utility? Yes. As an investment? Absolutely not.

The prominent investor admits that Ethereum demonstrates huge delineation between the growth of the ecosystem and the value accrual to its core asset. He opined that the ecosystem growth might be contributing to the macro performance of Ethereum's L2s tokens.