XRP Might Be Flashing the Early Signs of a Long-Term Bearish Trend

Right now, its MVRV ratio (that's market value vs. what people actually paid for their tokens) has dipped below the 200-day moving average.

"Might" be flashing the early signs of a long-term bearish trend — or maybe it's just another fakeout in a market full of them.

Now, though, its MVRV ratio (that's market value vs. what people actually paid for their tokens) has dipped below the 200-day moving average. Not great. But also... maybe not game over just yet.

This kind of crossover has, in the past, sometimes led to bigger trend shifts. Sometimes. According to crypto analyst Ali Martinez, it's still too early to call it confirmed — but if this signal holds, it could mean XRP's about to enter a different kind of phase. One where the price doesn't play nice.

This Week: A Drop, Then A Bounce

XRP didn't exactly close out March on a high note. In fact, it closed below its opening price on six out of seven trading days during the last week of the month. That's... not bullish.

The price slipped from almost $2.50 to end the month hovering around $2.02 — a solid drop that had some traders reaching for the panic button.

But on Monday morning, it slipped even lower, hitting lows of $1.97 before bouncing back. By Tuesday afternoon, it had already bounced back above $2, trading hands at around $2.1062. A move of over 7% in a single session.

Still Rangebound — For Now

Despite the warning signs and the slip below $2, XRP stayed afloat and bounced back inside that familiar $2 to $3 range it's been bouncing between for the last couple of months.

At least for now, it seems to have avoided breaking down completely.

Cardano (ADA) Also Saw A Drop, Then A Bounce

Funny enough, Cardano (ADA) is going through something eerily similar.

ADA also dipped hard on Monday, falling to lows of $0.61 before bouncing cleanly off support and rallying almost 8%, landing near $0.6693 at press time.

The setup is kind of the same: a drop, a recovery, and a lot of questions.

And there's a little extra juice behind ADA's move.Coinbase just got the green light to offer CFTC-regulated ADA futures, which could give it a short-term tailwind. The approval came after the standard two-week review, and it might help build bullish momentum if traders decide to take it.

Why People Are Watching XRP & ADA So Closely

Here's the thing — neither XRP nor ADA are exactly "hot" altcoins right now. At least not in the same way that LINK or ATOM have been trending lately.

But they've both been getting attention because of their ties (or at least perceived ties) to U.S. policy circles and the current administration.

Both tokens have also become kind of bellwethers for the broader altcoin space. When they move, the market watches — and sometimes follows.