{label: "title", content: "XRP Price Prediction: Will the Altcoin Overcome Resistance to Break Higher?"}

{label: "description", content: "input: XRP, one of the top altcoins by market cap, held steady around $2.35 on March 27, despite mounting selling pressure."}

One of the top altcoins, XRP, encountered resistance at $2.35 on March 27, despite the presence of buyers.

Traders have been steadily increasing their short positions on XRP over the past month, collectively pouring nearly $400 million into bearish bets.

Traders have been steadily increasing their short positions on XRP over the past month, collectively pouring nearly $400 million into bearish bets.

As April approaches, traders will be closely watching to see if XRP can break free from this substantial resistance.

Recent gains in XRP were sparked by the SEC dropping its case against Ripple, which had battered the crypto traders.

Many traders were anticipating a quick sell-off of recent gains as the dust settled on the SEC case. However, the lack of selling at higher prices suggests that market confidence has remained intact.

This resilience can be partly attributed to the ongoing geopolitical turmoil, such as Trump’s proposed auto tariffs, which traders believe will likely keep the Federal Reserve from pivoting toward a rate cut.

On the other hand, any potential weakness in XRP at $2.30 was quickly bought up, reinforcing support for the altcoin at current levels.

However, data from derivatives trading platform Coinglass indicates a heavy presence of short positions at $2.60, where bears have placed $244 million in bets against a breakout.

Each attempt by bulls to push XRP past this level has triggered renewed selling from these short positions, making it a crucial price zone to watch.

For XRP to rally past $3, buying pressure needs to be strong enough to overpower these bearish positions and keep them from unwinding.

Technical indicators suggest a battle ahead, with the 50-day moving average at $2.52 acting as a key resistance point.

Momentum signals, including a weakening MACD and a bearish Parabolic SAR, suggest that the strength of the recent bull run might be fading.

A failure to hold above $2.40 could see XRP drop back toward $2.00, with a further decline to $1.76 possible if selling pressure intensifies.