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XRP got hit hard in Monday’s crypto sell-off, tumbling about 16 percent. But analyst Egrag Crypto is telling followers this ugly price action might actually be a bullish sign, based on XRP’s history. Egrag points to the charts from 2017 and 2021. Both times, XRP suffered massive crashes – dropping over 70 percent – before it eventually exploded higher by 1,000 to 2,700 percent. He says the current setup, with XRP falling hard and testing its key long-term support (the 200-day moving average), looks very similar to those previous cycles right before the huge rallies started. Egrag even circled August 4th, 2025 on his calendar as a potential date to watch, based on how these cycles timed out before. Related: Is Ripple Quietly Reducing Its XRP Sales Pressure? Escrow Data Analyzed XRP was trading around $1.75 late Monday, down sharply from nearly $2.10 just a day earlier, according to CoinMarketCap. Trading volume absolutely surged – up over 374% to more than $10 billion. Big volume on a big price drop usually signals heavy selling pressure, maybe even panic or forced liquidations. The coin’s total market value dropped about 16 percent too, down to roughly $102 billion. Yes, the immediate technical picture is weak. The Relative Strength Index (RSI), which measures momentum, plunged below 31. That’s deep into “oversold” territory. While sometimes prices bounce hard from oversold levels, there were no strong signs of that yet. The MACD indicator also confirms the current downward momentum is strong. Despite the bad short-term signals, Egrag focused on a key long-term structural point. He noted that even in the past winning cycles, XRP often dipped below the 200-day average before rallying. Crucially, he highlighted that the faster 50-day average price line is still above the slower 200-day average line. This means the dreaded “death cross,” a major bearish signal, hasn’t happened yet. For Egrag, this keeps the bigger-picture bullish structure technically alive. Related: XRP Price Prediction: Can Bulls Push Past $2.10 for Rally to $2.68? His analysis suggests: Don’t necessarily panic over Monday’s crash. It fits a historical pattern that previously led to massive gains if that pattern repeats. Watching if XRP holds support around the 200-day moving average now is critical. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Anthony Pompliano weighed in on the market turmoil Monday, arguing President Trump’s tariffs don’t directly target crypto but hit prices indirectly by creating investor uncertainty. He also offered a unique perspective on the tariffs’ long-term goals and Bitcoin’s resilience. During a recent podcast , Pompliano noted that investors withhold their funds whenever the market’s uncertainty level rises. That is why Bitcoin’s price drops under such circumstances, considering how the lack of clarity demoralizes investors who prefer to wait for more definite conditions to re-enter the market. Focusing on the hot topic of how Donald Trump’s tariff regime could affect the US economy, the renowned analyst considers the ongoing policy adjustments by Trump a good development. He believes the President and his team are building a fort to protect the nation’s economy from potential dangers. Related: Trump Tariffs Shock Markets: Crypto Loses $100B, Bitcoin Price Unstable In the meantime, he analyzed the tariff’s potential effect on Bitcoin, noting that the cryptocurrency is partially sensitive. According to Pompliano, a core Bitcoin holder base will not sell its assets despite the existing chaos in the market. This holder base does not care about tariffs or whatever happens in the market, but will hold their assets. Despite acknowledging that anything could happen in the crypto market, Pompliano does not see Bitcoin dropping as low as $50,000, given the population of hardcore long-term holders in the cryptocurrency’s ecosystem. Meanwhile, flipping the conditions, the analyst thinks other countries desisting from countering America’s tariff adjustment could mean well for the markets. Related: Finding the Floor: Here Are Key BTC/ETH Support Levels Post-Plunge Pompliano believes reversed conditions would trigger an explosion in American manufacturing, boosting job creation within the country. That would cause a ripple effect on the economy, leading to a bounce back for crypto and stock prices. The analyst believes Bitcoin and altcoins could reach new all-time highs if the US economic atmosphere becomes more positive. Bitcoin traded for $76,561 at the time of writing after recovering slightly from a drop to $74,434 in the early hours of Monday, according to TradingView’s data . Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

XRP faced intense selling pressure Monday, dropping over 14% along with the broader crypto market. However, analysts are pointing to intriguing signs – specifically XRP’s relative strength against Ethereum and historical chart patterns – that might hint at underlying bullish potential even during the current turmoil. While XRP’s USD price hit lows near $1.60 before settling around $1.79 (down 14.11% daily), analyst CrediBULL Crypto noted its pairing against Ethereum (XRP/ETH) held firm. This relative strength, where XRP didn’t weaken as much against ETH, is seen by CrediBULL as a potentially bullish signal. He suggested this could mean XRP is gearing up for a strong reversal, especially if it reclaims the $2.00 to $2.20 resistance zone. A break above that area, he argued, could confirm an impulsive bullish trend continuation. CrediBULL also noted that Ethereum failed to capitalize on the correction to gain significant ground against XRP. Separately, analyst Egrag Crypto reiterated his view that XRP’s current price action echoes historical setups. He highlighted massive corrections in 2017 (73%) and 2021 (78%) that ultimately preceded explosive rallies (2,700% and 1,000%). Related: XRP Price Prediction: Can Bulls Push Past $2.10 for Rally to $2.68? Egrag emphasized XRP’s interaction with its 200-day moving average (MA) during those cycles, noting price often dipped below it before surging. With XRP currently testing support near this key long-term average after its sharp drop, he sees the parallel. Despite the recent crash and weak short-term indicators like an oversold RSI (dipping near 31) and bearish MACD, Egrag pointed out a crucial factor: XRP’s 50-day MA remains above its 200-day MA. Related: XRP Set for ‘Final Blastoff’ After ‘Boredom Phase’: Egrag Predicts Surge This means a bearish “death cross” hasn’t occurred, preserving the technical long-term bullish structure, in his view. He suggested the current dip presents an accumulation opportunity rather than a reason for panic, assuming this structure holds. Holding the recent $1.60 low is therefore critical. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Escalating recession fears rocked global financial markets Monday, evoking the ghost of 2008 for traders as crypto markets shed over $100 billion in value since April began. Bitcoin retreated below $79,000, currently near $75,700, while Ethereum tested $1,600. The sharp downturn follows President Donald Trump’s aggressive tariff implementation, combined with Goldman Sachs reportedly hiking its U.S. recession probability to 45% . Increased risk aversion sent investors fleeing assets perceived as vulnerable to an economic slowdown. The Dow plunged late last week, and digital assets followed suit Monday as recession anxiety intensified, reflected in soaring Google searches for the term. Signs of panic emerged, including whale activity. Lookonchain data showed a Bitcoin whale realizing a $2.53 million loss after dumping 778.5 BTC (~$64 million) on Binance, having misjudged the market bottom – selling just before Monday’s deeper crash fueled by recession fears. Amidst the chaos, a theory suggests the tariff timing might be strategic. Some analysts point out that spooking markets could drive investors into U.S. bonds, lowering yields and potentially helping refinance America’s $7 trillion debt load more cheaply ahead of a potential recession. Related: Trump Tariffs Shock Markets: Crypto Loses $100B, Bitcoin Price Unstable Bitcoin’s performance during this potential recessionary period is now under scrutiny. It must establish higher lows, similar to its pattern in late 2023, to demonstrate resilience. Failure to hold current levels could see altcoins nosedive further. While some hope for a cleansing dip, Bitcoin’s reaction to recession pressure remains key. With recession concerns mounting, focus shifts to the Federal Reserve. Traders must closely monitor bond yields for signs of stress and watch for any potential emergency rate cuts or Quantitative Easing (QE) from the Fed aimed at countering recession risks. Related: Even Whales Bailing? TRUMP Token Rocked by $14M Loss Sale Before Unlock A strong dovish pivot could spark a sharp crypto rebound; otherwise, volatility driven by recession fears likely continues. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Thailand’s Stock Exchange (SET) will temporarily ban the short-selling of all securities and reduce daily price limits, starting tomorrow, April 8th through April 11th. This emergency action addresses significant market volatility linked to recent shifts in global tariff policies. Both SET and the Thailand Futures Exchange (TFEX) approved the temporary measures late Monday to curb excessive price swings driven by global trade uncertainties and give investors time to assess conditions, according to reports confirmed by Bloomberg . For context, short-selling involves borrowing shares to sell them at a high price and then repurchasing them later at a lower price to make a profit. In light of market stress, Thailand has temporarily suspended the practice to reduce volatility. SET’s Board of Governors approved a set of emergency trading rules, which TFEX swiftly adopted. These measures are to stabilize the market over the next three days, from April 8 to April 11, 2025. One of the major changes is the reduction of daily price movement limits. Stocks and unit trusts on SET and mai will now have a ±15% range, down from ±30%. Foreign shares will have a ±30% range, reduced from ±60%. Additionally, futures contracts on TFEX, including index, sector, and single stock futures, will be limited to a ±15% movement, down from ±30%. Related: Thailand Turns to Bitcoin to Boost Economy in Tourist Hotspot Phuket While the short-selling ban applies to all securities, registered market makers are exempt and may continue their operations during suspension. SET has stated that these measures aim to give investors time to assess market conditions and make more informed decisions. The exchange will monitor the situation and adjust its approach as needed. Thailand’s intervention occurs against a backdrop of widespread global market turbulence. Investors have responded cautiously, prompting regulators worldwide to intervene to prevent further market declines. In related developments, stocks plummeted across global markets, sparking emergency measures in Asia and Europe. In France, the trading of major bank shares was suspended after sharp declines at the market open. Related: $2.5M Crypto Stash Linked to Human Trafficking Seized in Thailand-China Bust Notably, the crypto market is also feeling the heat of the global financial market turmoil. Today, Bitcoin crashed to $74K for the first time since November 2024. In particular, 46,427 traders have been liquidated with over $1.46 billion in losses. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.