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XRP Potentially Set for Massive Price Collapse As Bearish Technical Setup Forms, According to Crypto Trader

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A closely followed crypto analyst and trader is warning that the payments token XRP is at risk of a massive collapse.

In a new post, crypto trader Ali Martinez tells his 133,300 followers on the social media platform X that XRP may be forming a bearish head-and-shoulders pattern (H&S) on the daily chart.

A head-and-shoulders pattern typically suggests that an asset is losing momentum and could reverse its uptrend if the price breaks below the structure’s support.

“XRP is shaping up a head-and-shoulders on the weekly chart. It spotlights the $2 support. Holding it is crucial.”

Image
Source: Ali Martinez/X

Looking at the trader’s chart, he seems to predict that XRP will fall to $1.255 if crypto bears shatter support at $2.

XRP is trading for $2.38 at time of writing, up 2.3% in the last 24 hours.

Next up, the analyst suggests Solana (SOL) may soar to the upper bound of an ascending channel after respecting the pattern’s diagonal support around $126.

An ascending channel is traditionally seen as a bullish pattern, indicating that an asset is printing higher highs and higher lows.

“Solana set to bounce? Eyeing a climb from the channel’s base to the upper resistance at $140.”

Image
Source: Ali Martinez/X

Solana is trading for $129 at time of writing, up 1% in the last 24 hours.

Lastly, the trader says the smart contract project Qtum (QTUM) may be gearing up for a huge corrective move if it moves below a key support level that has remained intact since November 2022.

“QTUM could be on the verge of a breakout! Keep an eye on the $1.88 support level.”

Image
Source: Ali Martinez/X

Based on the trader’s chart, he appears to predict that QTUM may plunge to as low as $0.63.

QTUM is trading for $2.23 at time of writing, up 4.2% in the last 24 hours.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Binance Launchpool To Roll Out Support for New Native Token of Private Data ‘Blind Computer’ Project

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Binance is planning on launching trading support for the new native asset of a decentralized network focused on secure data storage.

Binance Launchpool, which lets users stake coins to farm new assets, says its 65th project will be Nillion (NIL), a secure computation network that decentralizes trust for high-value and private data.

Explains the project,

“Nillion is Humanity’s First Blind Computer – a whole new category of decentralized network designed for AI and the future of the Internet. Nillion makes new applications possible by providing storage and computation on high-value, encrypted data without ever seeing it. Whether a user, an app, or an enterprise, your data stays yours – always.”

Between March 21st and 24th, Binance users can lock their BNB, the crypto exchange platform’s native asset, as well as the stablecoins First Digital USD (FDUSD) and USDC, to receive NIL airdrops.

The top global crypto exchange then plans to list the asset on March 24th. Binance will attach a seed tag to NIL, which the exchange applies to lower-liquidity projects that may exhibit higher volatility compared to other listed tokens.

Binance requires users who own assets with seed tags to pass quizzes every 90 days to ensure they’re aware of the risks before trading the tokens.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Why Current ‘Boredom Phase’ Could Trigger Epic Rally

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A crypto analyst has predicted that the XRP price could hit $27 soon. He describes the cryptocurrency’s current price action as a “ Bermuda Triangle or boredom phase” — a period where the market moves slowly or sideways, fuelling doubt and uncertainty among traders and investors before a price rally. 

XRP Price Boredom Phase To Trigger $27 Surge

Crypto analyst Egrag Crypto has warned that the XRP price is in a Bermuda Triangle, a boredom phase characterized by price stagnation and market uncertainty designed to shake out weak hands before a significant price move. According to his prediction, while traders and investors are growing impatient and questioning why XRP has not experienced any notable price increases, this phase is merely a set-up for a strong rally toward $27.

Following a predicted downturn in mid-March, XRP has struggled to recover its bullish momentum. The cryptocurrency was one of the top-performing altcoins in this bull cycle, jumping from a $0.5 low to over $3 for the first time in seven years.

Due to the current market decline, Egrag Crypto revealed that many traders are now wondering why “XRP hasn’t mooned.” The analyst explained that this price decline was intentional, forcing investors to second-guess themselves and make emotional trading decisions. 

He also disclosed that the XRP market is now filled with ‘What ifs’, as Fear, Uncertainty, and Doubt (FUD) cloud traders’ minds. Moreover, concerns over potential dips to $1.60 or $1.30 could push investors to panic-sell or attempt risky trades. 

The analyst also revealed that the XRP market is currently controlled by sharks and larger players, also called Whales. These large holders tend to influence price movements, triggering stop-losses and shaking out weak hands before a major rally. 

Egrag Crypto warns that new investors and traders are especially vulnerable, as frustration and boredom can lead to making financial mistakes. He disclosed that the best strategy to implement during this current market phase is to do nothing. He suggested investors stay disciplined and patient, recognizing that boredom phases are normal in crypto market cycles. 

The analyst also urged investors to remain vigilant and hold their positions while accumulating at ideal prices rather than react impulsively to rapid changes in the market. 

XRP Breakout Point Hints At New ATH

In other analyses, market expert ‘Steph Is Crypto’ has announced that XRP is currently retesting breakout levels to trigger a surge to a fresh ATH. The analyst’s price chart shows a Falling Wedge pattern which has been broken above the resistance at the upper trend line. 

After breaking out, XRP now retests this level to confirm a larger upward move. The large green arrow on the chart points to the cryptocurrency’s projected price target, suggesting a bullish continuation if the Falling Wedge breakout holds. 

XRP
Source: Steph  is Crypto on X

XRP’s upside potential is predicted to be $4 or higher if its bullish momentum is maintained. As of writing, the cryptocurrency is trading at $2.4, reflecting a 3.5% decline in the last 24 hours, according to CoinMarketCap. If its price rises to $4, it would represent a significant 66.7% increase from current levels.

XRP
XRP trading at $2.3 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from Unsplash, chart from Tradingview.com



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1.5M Holders, 10M Blocks on Shibarium

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The ecosystem of a popular meme coin has attained two major milestones, showing the continued interest in the token that could lead to a bullish scenario. Analysts reported that Shiba Inu recently reached 1.5 million holders while its Shibarium recorded 10 million blocks, an indicator that the SHIB ecosystem could attract new users.

1.5 Million SHIB Holders

Crypto analysts revealed Shiba Inu successfully achieved a major milestone, offering a bright spot for the broader cryptocurrency market which has faced some challenges recently.

The project’s marketing lead, LUCIE noted that the meme coin hit 1.5 million holders on March 18, reaching such a milestone is an important achievement for any crypto.

As of writing, about 843 new holders have joined the Shiba Inu ecosystem, indicating that the token remained attractive to traders.

Analysts believe that Shiba Inu’s milestone suggests continued interest in the meme coin, fueling the token’s significant growth. It also showed a bullish outlook on the meme coin.

Market observers said that the milestone might signify the unwavering belief of its community in the token.

10 Million Blocks For Shibarium

Meanwhile, Shiba Inu’s Ethereum Layer 2 network, Shibarium also recorded a win after surpassing 10 million blocks with an estimated 10,010,974 blocks as of press time.

Crypto analysts said that this achievement is proof of the network’s longevity and reliability, adding that it could entice more new users.

Market observers noted that the network has experienced exponential growth in total addresses in the last few weeks as it now tallies almost 175 million.

Shibarium’s growth is crucial in burning SHIB tokens and a major price control mechanism. Many investors are optimistic that diminishing supply and solid demand might send the token to surge. Shibarium played an essential role in burning around 713 million SHIB.

SHIB market cap currently at $7.59 billion. Chart: TradingView

Unmoved By The Crypto Downturn

Many analysts say that milestones achieved by Shiba Inu and Shibarium offer a great deal of hope to investors, considering the ongoing downtrend in the cryptocurrency market.

For instance, Shiba Inu tanked by about 68% in the last four months, dipping from a high of $0.00003343 in December 2024 to a low of $0.00001082 in March 2025.

On the other hand, some analysts raised their concern about Shiba Inu underperforming the competition, noting that the token only increased by 98% following the US presidential election, while the Dogecoin skyrocketed by 200%.

Currently, Shiba Inu is traded at $0.00001288 per token, down by 0.2% in the past 24 hours with a total market cap of over $7.5 billion.

Featured image from Getty Images, chart from TradingView





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