Ripple (XRP) price collapse could wipe out March gains.

The price of Ripple (XRP) follows the path of Bitcoin and other major cryptocurrencies. This is not a good sign for investors.

Their situation is about to worsen, and Ripple must lose this critical support; All profits will be canceled this month.

Ripple Holders at Risk

The price of XRP has been falling for the past three days as the entire crypto market is correcting. Due to the influence of Bitcoin, the altcoin is showing red candlesticks on the daily chart, it has fallen in the main support levels.

Already, 80% of all gains since March have been lost due to the decline, bringing the altcoin to trade at $0.625. This collapse, in addition to investors, also affected leveraged traders.

Long contracts for XRP to rise in value are losing money as liquidity dominates the market. Over $4.47 million worth of long liquidations were recorded in the last 24 hours.

This discourages traders from betting on price increases, which in turn prevents any chance of the altcoin trying to recover.

In addition, technical indicators indicate the current bearer results. The Relative Strength Index (RSI) has already fallen below the neutral line of 50.0 into bearish territory. RSI measures the magnitude of recent price changes to assess overbought or oversold conditions in a security.

Secondly, Moving Average Convergence Divergence (MACD) is also looking at a bearish crossover. MACD, a momentum indicator, tracks the correlation between two moving averages of a security's price, which helps identify trends.

Combining the two makes it clear that the potential outcome for XRP will be dire.

XRP Price Prediction: More losses on the way

XRP price is trading at $0.612, down 8.5% in the last 24 hours. As the above examples make clear, the altcoin could see further declines, falling to $0.606 and beyond.

This will cause Ripple Token to lose the crucial 38.2% Fibonacci Retracement support level and lose more than 90% of March gains. As such, the 50-day Exponential Moving Average (EMA) is missing as support. If XRP falls through the 100-day EMA, it will erase the entire gain seen in the past two weeks.

But when the market indicates a decline, whales try to mitigate these losses by hoarding XRP. In the last 48 hours, addresses holding between 1 million and 10 million XRP have raised more than 50 million XRP worth more than $30 million.

If this affects the price of XRP, the altcoin will stop before falling below the $0.606 support line and trying to recover. If the 50-day EMA is retraceable as support, the support is rejected.