Will Ripple (XRP) Continue to Strengthen or Fall Back in May 2025?

Updated

May 8, 2025

Gambar Will Ripple (XRP) Continue to Strengthen or Fall Back in May 2025?

Jakarta, Pintu News – After finding support at $2.080, the price of Ripple started to increase again. However, it is now facing resistance near $2.1650 and seems to be struggling to continue rising.

Ripple (XRP) Price Recovery May Not Continue

Ripple (XRP) price corrected down below the $2.20 and $2.150 levels. It even dropped below the $2.120 level before buyers stepped in. The lowest point was formed at $2.0780 and now the price is correcting the losses.

There was a rise above the $2.10 and $2.120 levels. It also managed to cross the 23.6% Fibonacci retracement level of the move down from the $2.2579 high to $2.078 low. However, the sellers are active in the $2.1650 zone. There is also a key bearish trend line forming with resistance near $2,160 on the hourly chart of the Ripple (XRP)/USD pair.

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Strong Resistance Ahead

The price is currently trading below $2,170 and the 100-hour simple moving average. On the upside, the price may face resistance near the $2,160 level. The first major resistance is near the $2.1680 level and the 50% Fibonacci retracement level of the move down from the $2.2579 high to the $2.078 low.

The next resistance is $2.20. If the price manages to cross the $2.20 resistance, it could push the price towards the $2.220 resistance. A further rise might send the price towards $2,250 or even $2,30 resistance in the short term. The next big hurdle for the buyers might be $2,320.

Possible Price Drop

If Ripple (XRP) fails to cross the $2,160 resistance zone, the price might start falling again. Initial support on the downside is near the $2,120 level. The next major support is near the $2,080 level. In case of a downward breakout and close below the $2,080 level, the price may continue to drop towards the $2,050 support. The next major support is located near the $2,020 zone.

Conclusion

With technical indicators showing a loss of momentum in the bullish zone and RSI above the 50 level, market participants should be wary of Ripple’s (XRP) potential next price move. Whether there will be a further push or a decline, only time will tell.

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