XRP faces selling pressure, is a deeper drop on the horizon?

Updated

May 19, 2025

Gambar XRP faces selling pressure, is a deeper drop on the horizon?

Jakarta, Pintu News – Ripple has gained 15.4% in the last 30 days, but has fallen 8.6% in the last four days, indicating increased short-term pressure. Despite recording monthly gains, Ripple (XRP) remains the third-worst performing asset among the top 20 cryptocurrencies, only ahead of Binance Coin and TRON .

Momentum Indicator Shows Mixed Signals

Ripple’s (XRP) Relative Strength Index (RSI) has recovered to the neutral zone after experiencing a sharp decline. The RSI currently stands at 47.52, up from 35.18 yesterday, having previously dropped from 65.76 four days ago and reached a peak of 74.22 six days ago. This recovery reflects a change in momentum after a period of strong selling pressure.

Although the RSI is still below the neutral threshold, an upward movement could signal early signs of renewed interest or a short-term recovery rally after the latest losses. However, with the RSI still below 50, it suggests that Ripple (XRP) is still in a state of uncertainty and may experience price consolidation or movement towards retesting resistance levels if upward momentum builds.

Also Read: Bitcoin Approaches Golden Cross: Bullish Signal Amid US Debt Concerns

Ichimoku Red Cloud Formation Adds to Uncertainty

Ripple’s (XRP) Ichimoku chart shows a shift in the market structure. After several sessions of weakness, the price tested the blue Tenkan-sen line. The cloud that just turned red for the first time in days provides an early warning that bearish pressure could increase.

Although the current candle attempts to close above the Tenkan-sen, the broader structure now faces additional resistance, especially as price approaches the lower edge of the cloud. The narrowing of the distance between the red Kijun-sen line and the price line adds to the short-term tension, reinforcing that the bulls should enter now or risk losing momentum. The cloud’s discoloration suggests that upward traction could be limited even if Ripple (XRP) manages to get inside the cloud.

Potential EMA ‘Death Cross’ Threatens Ripple (XRP)

Ripple’s (XRP) EMA line signals potential trouble to come, with the short-term average falling sharply over the past four days. A ‘death cross’, where the short-term EMA crosses below the long-term one, looks increasingly likely if the current momentum doesn’t reverse.

Ripple (XRP) price is currently near a key resistance zone around $2.40, where the short-term EMA is converging. A strong break above this area could invalidate the bearish setup and pave the way towards a potential move to $2.65. However, failure to reclaim such resistance could leave Ripple (XRP) vulnerable to renewed downside pressure.

Conclusion

With momentum indicators showing mixed signals and an uncertain market structure, Ripple (XRP) is at a critical juncture. Investors and market watchers should pay attention to technical indicators and recent legal developments to understand the next direction of this asset.

Also Read: XRP Strengthens After V-Shaped Recovery, Next Price Target IDR56,000?

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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 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.