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The crypto market has been on an absolute rollercoaster, and two names have been making serious waves: XRP and Onyxcoin (XCN). According to media reports, XRP rebounded 20% in just 24 hours despite whale sell-offs and trade tariff uncertainties, while Onyxcoin pulled off an explosive 68% rally in just 30 hours. But what does this mean for the broader market? Are these cryptos gearing up for a massive breakout, or are we just seeing a dead cat bounce?
There’s a lot to unpack here, from whale activity to resistance levels and Bitcoin’s influence on these moves. Let’s dive into the data, break down what’s happening, and figure out if now is the time to buy, hold, or bail.
XRP’s Rebound: Whale Sell-Offs, Resistance, and the Road to $3.03
XRP Faces Critical Resistance at $2.62
XRP has been one of the most unpredictable cryptos in recent weeks. After a 20% surge in just a day, the token was trading at $2.57, with a daily trading volume of $18.8 billion. However, XRP is still down 18.57% for the week, making this recovery an interesting development.
So, what’s causing this wild price action?
The biggest culprit: whale sell-offs. Reports indicate that over 130 million Ripple tokens were dumped in a single day, causing massive sell pressure across both decentralized (DEX) and centralized exchanges. When you combine this with Bitcoin’s recent struggles at $99,500, you get a market that’s both volatile and reactive.
XRP’s Resistance and Support Levels
Let’s talk key levels because, right now, XRP is battling some serious resistance.
| Resistance Level | Support Level |
| $2.62 (short-term) | $2.20 (strong support) |
| $3.03 (major breakout level) | $2.00 (critical support) |
Ripple needs to clear $2.62 for any hopes of revisiting $3.03. If it fails, a drop back to $2.20 or even $2.00 could be in the cards.
Whale Activity and Market Volatility
Whales have been offloading XRP aggressively, causing ripple effects across the market. Data from CryptoQuant shows that the Buy-Sell Ratio has remained low for over 16 hours, signaling continued sell pressure.
So, is Ripple out of the woods yet? Not quite. Until buying activity picks up, XRP could face more turbulence.
Onyxcoin (XCN) Rockets 68% in 30 Hours – Is This a Hidden Gem?
While XRP was busy rebounding, Onyxcoin (XCN) stole the show with an insane 68% surge in just 30 hours.
After plummeting 30% during the recent market-wide sell-off, XCN bounced back hard, jumping from $0.018 to $0.028 in record time. This type of volatility is a trader’s paradise, but does it mean XCN is gearing up for a full-blown breakout?
Why Did XCN Surge?
- Strong Buying Volume: The H4 RSI climbed back above neutral 50, indicating upward momentum.
- OBV Trending Up: On-chain data shows an increase in buying pressure, signaling accumulation.
- Fibonacci Retracement Bounce: XCN hit the 78.6% retracement level ($0.0194) and exploded upward, showing strong bullish conviction.
Key XCN Resistance & Support Levels
| Resistance Level | Support Level |
| $0.0347 (bullish structure shift) | $0.0282 (short-term support) |
| $0.040 (major breakout zone) | $0.0194 (critical support) |
For XCN to flip fully bullish, it needs to break above $0.0347. If that happens, we could see a run toward $0.040 or even higher.
Bitcoin’s Influence and Market Conditions
The elephant in the room? Bitcoin.
BTC has been struggling to break past $99,500, with major resistance at $102,000. Until Bitcoin either stabilizes or starts pumping, altcoins like Ripple and XCN will remain highly volatile.
However, aggregated funding rates indicate a slightly bullish sentiment, suggesting we could see a short-term relief rally.
DeFi Market Comparison: Where XRP and XCN Stand
The broader DeFi market has also been experiencing some serious shake-ups.
7-Day DeFi Market Performance
| Token | Weekly Change (%) |
| STETH | -12.5% |
| LINK | -16.6% |
| UNI | -21.7% |
| AAVE | -9.1% |
| INJ | -21.18% |
Ouch. Every major DeFi token has seen double-digit losses.
However, just like Ripple and XCN rebounded, some DeFi tokens have started to recover as well.
24-Hour DeFi Recovery
| Token | 24H Change (%) |
| AAVE | +7.8% |
| UNI | +2.2% |
| STETH | +2.4% |
| INJ | +3.7% |
These moves suggest that the worst might be over, and traders are buying the dip.
What’s Next for XRP and Onyxcoin?
So, what’s the final verdict? Are XRP and XCN ready to explode, or is more pain ahead?
Bearish Case:
- If Ripple fails to break $2.62, a retrace to $2.20 or $2.00 could happen.
- Whale sell-offs could keep XRP under pressure.
- XCN needs to break $0.0347 to confirm a bullish structure shift.
Bullish Case:
- If Ripple clears $2.62, it could target $3.03 and beyond.
- Whale accumulation could spark another leg up.
- XCN’s huge buying volume hints that a breakout above $0.040 is possible.
Final Thoughts: Should You Buy XRP and XCN Now?
Right now, both XRP and XCN are at make-or-break levels. If they clear key resistance zones, we could see massive gains. However, if they fail, we could revisit lower support levels.
For short-term traders, these cryptos are prime candidates for swing trades. For long-term investors, waiting for confirmation might be the smarter move.
Either way, keep your eyes on $2.62 for Ripple and $0.0347 for XCN. If they break those, it could be game on.
Frequently Asked Questions (FAQs)
- What’s causing Ripple’s price volatility?
Whale sell-offs and Bitcoin’s struggles at $99,500 are driving Ripple’s recent ups and downs.
- Will Ripple hit $3.03 soon?
Ripple needs to break $2.62 first. If that happens, $3.03 is the next major target.
- Why did Onyxcoin (XCN) surge 68% in 30 hours?
XCN bounced off the 78.6% Fibonacci level and saw massive buying volume, triggering a short-term rally.
- What’s the key resistance for XCN?
$0.0347. If XCN clears that level, it could run toward $0.040 or higher.
- How does Bitcoin affect XRP and XCN?
Until Bitcoin breaks $99,500–$102,000, XRP and XCN will remain volatile.
- Is now a good time to buy XRP?
If XRP breaks $2.62, yes. If not, waiting for a dip to $2.20 might be smarter.
- What’s the long-term outlook for XCN?
If Onyxcoin maintains high buying volume and breaks $0.0347, it could be one of 2025’s top-performing altcoins.
Glossary of Key Terms
1. Altcoin
A cryptocurrency that is not Bitcoin. XRP and Onyxcoin (XCN) are both considered altcoins.
2. Bearish
A market sentiment where prices are expected to decline. A bearish outlook on XRP would mean expecting its price to fall.
3. Bollinger Bands
A technical analysis tool that helps measure market volatility. XRP falling below the middle Bollinger Band at $3.03 indicates bearish momentum.
4. Breakout
When an asset moves above a resistance level, signaling a potential price increase. If XRP breaks $2.62, it could move toward $3.03.
5. Buy-Sell Ratio
A metric used to determine market sentiment by comparing buy and sell orders. A low Buy-Sell Ratio for XRP suggests more selling pressure than buying.
6. Cumulative Volume Delta (CVD)
A measure of the difference between buying and selling volumes over time. A negative CVD means selling pressure is dominant, as seen in XRP’s market trend.
7. Decentralized Exchange (DEX)
A peer-to-peer trading platform that allows users to trade cryptocurrencies without intermediaries. Whale sell-offs on DEXs contributed to XRP’s price drop.
8. Fibonacci Retracement
A technical analysis tool that identifies potential support and resistance levels. XCN’s 78.6% Fibonacci retracement bounce helped it recover 68% in 30 hours.
9. Long-Term Holders
Investors who hold onto their crypto assets for extended periods instead of trading frequently. Whale “0x257” held AAVE, LINK, and UNI for over two years before selling for profit.
10. Market Capitalization (Market Cap)
The total value of a cryptocurrency, calculated as price × circulating supply. XRP’s market cap is currently $146.4 billion.
11. Market Structure
The trend and pattern of price movements in an asset. Onyxcoin’s market structure remains bearish unless it breaks above $0.0347.
12. Overbought
A condition where a cryptocurrency is considered overpriced based on technical indicators. If XRP surges too quickly without support, it may become overbought.
13. Oversold
A condition where a cryptocurrency is undervalued due to excessive selling. XCN’s recent drop to $0.018 could have been an oversold condition before the 68% rally.
14. Resistance Level
A price level where an asset faces strong selling pressure, making it difficult to move higher. XRP’s resistance at $2.62 is a key level to watch.
15. RSI (Relative Strength Index)
A technical indicator that measures whether an asset is overbought or oversold. Onyxcoin’s RSI moving above 50 signals renewed bullish momentum.
16. Short Squeeze
A scenario where traders betting against an asset (short sellers) are forced to buy back due to a price spike. If DeFi tokens continue rebounding, short sellers could trigger a short squeeze.
17. Support Level
A price level where buying pressure is strong enough to prevent further decline. XRP’s support levels are at $2.20 and $2.00.
18. Trade Volume
The total amount of a cryptocurrency traded within a given time frame. XRP’s daily trade volume of $18.8 billion signals high market activity.
19. Whale
A large investor or entity that holds significant amounts of cryptocurrency. Whale sell-offs have been a major factor in XRP’s volatility.
20. Whales’ Buy/Sell Strategy
Whales often buy at low prices and sell when the market peaks to maximize profits. The 130 million XRP whale dump influenced XRP’s price decline.
References:
AMB Crypto: ambcrypto.com
Ripple: rippe.com
