XRP Price Today May 6, 2025: RSI at 47, What’s the Investor Sentiment?

Updated

May 6, 2025

Jakarta, Pintu News – Ripple continues to experience bearish pressure in the derivatives market, with a prominent dominance of short positions.

Data from Coinglass shows that the long/short ratio for Ripple (XRP) is 0.9205, which means more traders are betting on the downside than the upside.

For almost two weeks, this ratio has remained below 1, signaling that bearish sentiment has taken hold of the market. Check out today’s xrp price analysis May 5, 2025!

Ripple (XRP) Technical Analysis

Currently, Ripple (XRP) is trading at $2.14, just slightly above the critical support level of $2.05. If this level is broken, there could be a sharper decline in the short term. The relative strength index (RSI) is at a neutral 47 and continues to decline, suggesting there is still room for further declines.

The moving average convergence divergence (MACD) indicator recently turned negative, suggesting that downward momentum may be building.

With the average directional index (ADX) very low at 11, it shows that the market is currently only moving sideways without a strong trend. The majority of the short and medium-term moving averages are also showing sell signals.

Also read: Gold Jewelry Price Today May 6, 2025, Up or Down? Check the list!

Market Dynamics and Investor Sentiment

Although the short-term setup suggests bearishness, Ripple’s (XRP) fundamentals remain strong. Recently, Ripple successfully settled a legal dispute with the Securities and Exchange Commission, which lifted a major regulatory burden.

In addition, there is increasing interest in the possible approval of a Ripple (XRP)-based exchange-traded fund (ETF), which Bloomberg analysts predict will be approved with an 85% chance by the end of 2025. Ripple’s attempt to buy stablecoin issuer Circle with a $4-5 billion bid, although unsuccessful, shows the company’s huge growth ambitions.

However, macroeconomic challenges such as President Trump’s tariff policies and high inflation remain a hindrance. The Federal Reserve’s interest rate decision on May 7 and CPI data on May 13 are also in focus as they could potentially affect the movement of crypto assets, including Ripple (XRP).

Also read: XRP Price Update: XRP to Hit $12 in 2026? Whale Analysis and Accumulation Give Positive Signals!

Potential Upcoming Price Movements

If Ripple (XRP) loses support at $2.05, the price could drop towards $1.98-$2.00, where the 200-day support is located. However, the bulls still have a chance. If Ripple (XRP) can bounce off this range and return above $2.20, momentum could turn in favor of the bulls. However, at the moment, the odds don’t seem in favor of such a move.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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