Check it out! Ripple (XRP) Held in Support Zone, Bullish Opportunities Still Open

Jakarta, Pintu News – After achieving significant gains above the $2.60 zone, the price of Ripple is now experiencing a correction. Despite the decline, the support zone still seems to be able to withstand further declines, giving investors hope that the bullish trend could still continue.

Ripple (XRP) Price Correction

The price of Ripple (XRP) had surged past the $2.60 resistance, even touching the $2.65 mark. However, after peaking at $2.65, the price started to correct. This decline brought the price below $2.55 and the 50% Fibonacci retracement level of the previous rise that started from $2.4220 to $2.65.

Additionally, there was also a break of a significant bullish trend line with support at $2.55 on the hourly chart of the Ripple (XRP)/USD pair. Currently, the price is moving above $2.50 and the 100-hour simple moving average.

Also Read: Bitcoin (BTC) Potential to Break New Record Highs in May

Potential Resistance and Support

On the upside, Ripple (XRP) may face resistance near $2.55. The first major resistance is at $2.58, followed by $2.60. If the price manages to cross the $2.60 resistance, it could push Ripple (XRP) towards $2.65 and potentially higher to $2.72 or even $2.75 in the short term.

The next big resistance for the bulls is at $2.88. If Ripple (XRP) fails to break the $2.58 resistance zone, the price may see another drop. Initial support is at $2.51 and the 61.8% Fibonacci retracement level of the previous rise from $2.4220 to $2.65. The next major support is at $2.48.

Technical Indicators

The hourly MACD (Moving Average Convergence Divergence) indicator for Ripple (XRP)/USD is currently showing a decrease in momentum in the bullish zone. Meanwhile, the hourly RSI (Relative Strength Index) for Ripple (XRP)/USD is now below the 50 level, signaling the potential for more downside if there is no change in momentum.

The current key support levels are $2.51 and $2.48, while the key resistance levels are $2.60 and $2.65. The next price movement will largely depend on Ripple’s (XRP) ability to maintain a position above the key supports or break through the resistance encountered.

Conclusion

With dynamic market conditions, Ripple (XRP) investors and traders need to constantly monitor technical indicators and price movements. Despite the correction, the opportunity to return to a bullish trend is still wide open, depending on the ability of the price to hold above key support levels or break through existing resistance.

Also Read: Ukraine Considers Bitcoin as a National Strategic Reserve

That’s the latest information about crypto. Follow us on Google News for the latest crypto and blockchain technology updates. Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!

*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 are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. XRP Price Pulls Back From $2.50, Why Dips Could Be Limited. Accessed on May 15, 2025
• Featured Image: Bitcoinist