Technical analysis points to a potential sharp drop below $3, and Ripple XRP is under pressure. Due to its inability to sustain momentum, the token is now trading at about $2.80, a 5% decline in only one day.
Traders are becoming concerned as bears have forced XRP below important support levels at $2.920 and $3.00.
Fears of a severe short-term decline are heightened by technical indications that indicate XRP may correct toward $2.07, despite some experts’ long-term optimistic prognosis. Investors are thus looking for other cryptocurrency possibilities with significant upside potential.
XRP Price Weakness Signals Risk
After trying to rise beyond $3.120, XRP has not been able to maintain above $3.00. According to analyst Egrag Crypto, the daily chart’s descending triangle formation displays a downward-sloping resistance line and a flat horizontal support close to $2.75. This pattern suggests that the negative trend may continue.
This risk is confirmed by technical indications. The price is still below the 50-day and 100-day moving averages, the Relative Strength Index has fallen to 39, and the MACD indicates waning momentum.
While resistance is grouped around $2.90 and $2.920, immediate support is located between $2.80 and $2.820. Selling pressure might increase if support is broken.
Analysts Maintain Long-Term Bullish Outlook
Despite short-term pressure, higher timeframes present potential upside. Weekly charts suggest a bull flag that has formed since November 2024, possibly pushing XRP toward $15 in a long-term scenario.
Other projections highlight ascending triangles that could target $27. These setups indicate investors should watch for higher timeframe signals.
However, over 94% of supply remains in profit, suggesting that selling pressure could increase. Traders considering XRP now are navigating a volatile environment where caution remains paramount.
Mutuum Finance Presale Gains Attention
Meanwhile, Mutuum Finance (MUTM) is drawing interest as a fresh alternative for crypto investors. Phase 6 of the presale is currently underway and selling out fast, with the current price at $0.035.
Early buyers from the first phase at $0.01 have already realized gains of 250%. The presale has raised $16,300,000, and total MUTM holders have reached 16,570.
Phase 7 will increase the price to $0.04, while the planned launch price is $0.06, offering current investors an expected return of 412%.
Mutuum Finance Security and Incentives
Mutuum Finance has successfully finalized its Certik audit, achieving a 90/100 token scan score. The platform has also launched a Bug Bounty Program with $50,000 USDT allocated for rewards.
The bounty is tiered across critical, major, minor, and low severity vulnerabilities. Additionally, MUTM is hosting a $100,000 giveaway for presale participants, rewarding 10 winners $10,000 each, requiring only a $50 minimum presale investment.
Investors can submit their wallet addresses, complete quests, and confirm eligibility to participate.
Mutuum Finance Lending Utility
Mutuum Finance allows users to earn yield on idle crypto or borrow against holdings without giving up custody. The protocol features dual lending markets: Peer-to-Contract pools for instant liquidity and Peer-to-Peer loans for custom terms.
Borrowers post overcollateralized assets, ensuring positions remain secure while interest accrues in real time. The platform also tracks collateral efficiency, Loan-to-Value ratios, and liquidation thresholds to protect liquidity and maintain solvency.
The dashboard features a leaderboard rewarding the top 50 holders with bonus tokens for maintaining their positions.
Investor Interest and Next Steps
Mutuum Finance is rapidly gaining traction as XRP faces near-term downside. Phase 6 presale is moving quickly, making now the optimal window to acquire tokens at a discounted price.
Investors looking for a secure, high-yield DeFi alternative may find MUTM appealing. Early engagement provides exposure to rising prices and utility-driven growth within a structured lending protocol.
Current trends suggest that those moving from XRP might consider MUTM as a strategic addition to their crypto portfolios.
For more information about Mutuum Finance (MUTM) visit the links below:
Website: https://mutuum.com/
Linktree: https://linktr.ee/mutuumfinance
This article contains information about a cryptocurrency presale. Crypto Economy is not associated with the project. As with any initiative within the crypto ecosystem, we encourage users to do their own research before participating, carefully considering both the potential and the risks involved. This content is for informational purposes only and does not constitute investment advice.
