XRP price has experienced a notable decline, mirroring the broader downturn in the cryptocurrency market.
The digital asset has been forming a descending pattern, struggling to break above the $3 resistance level. As major cryptocurrencies face corrections, analysts are shifting focus to emerging opportunities.
One such alternative gaining attention is IDEGEN (IDGN), a presale token attracting interest amid ongoing market volatility.
XRP Price Analysis: Key Levels and Market Outlook
XRP price is currently hovering at $2.4, showing a slight uptick of 1% in the past 24 hours. The asset is stabilizing within a tight range, struggling to gain momentum after recent market fluctuations.
The chart highlights significant support at $2.00, where buyers have historically stepped in to prevent further declines. On the upside, XRP faces resistance near 2.50, with additional obstacles at $3.00 and $3.50 if bullish momentum strengthens.
The Relative Strength Index (RSI) currently stands at 46, slightly below the neutral 50 mark, suggesting weak momentum. If RSI surpasses 50, it could signal growing bullish strength, pushing the price toward the $2.50 resistance zone.
Meanwhile, the Moving Average Convergence Divergence (MACD) hovers near the zero line, with the MACD line at 0.0001 and the signal line at -0.0088. This reflects a lack of strong momentum, indicating that traders remain cautious.
If XRP closes above $2.50, buyers could push for $3.00, a crucial psychological resistance level. On the downside, failure to hold the $2.00 support level could lead to further declines, exposing the price to additional selling pressure.
iDEGEN (IDGN): Here’s Why Experts Are Turning to This High-Potential New Token
As XRP Price undergoes a price correction, the focus is turning to iDEGEN (IDGN), an emerging AI-driven memecoin.
iDEGEN’s value has seen a sharp increase ahead of its upcoming listing. Currently priced at $0.0236, the AI-driven crypto project is attracting growing interest.
With the next presale stage set at $0.0259, many investors are securing their positions before the listing.
The platform, which has been gaining momentum since November 2024, is making waves in the AI crypto space. A recent ban on X (formerly Twitter), citing “violent content,” unexpectedly fueled iDEGEN’s popularity.
The incident led to a surge in investment, with the project securing $1 million within 24 hours. Its latest V3 upgrade, which introduces video content, has further expanded its appeal.
Further, DeepSeek’s integration has amplified market interest. To date, iDEGEN has raised over $21 million, selling over 1.7 million tokens. With only a few weeks remaining before its public launch, anticipation continues to build.
Countdown
XRP price remains at a crucial juncture, facing resistance while holding key support. Meanwhile, iDEGEN’s rising momentum highlights growing interest in AI-driven tokens amid ongoing market volatility and shifting investor sentiment.
READ MORE: iDEGEN Hits $21M in Presale with Two Weeks Left for Listing
