Ripple (XRP) price freefalls, is this the end of the upswing?

Updated

May 20, 2025

Gambar Ripple (XRP) price freefalls, is this the end of the upswing?

Jakarta, Pintu News – Ripple recently experienced a significant price drop, breaking below the $2,480 zone. Currently, Ripple (XRP) is in a consolidation phase, with the potential to extend losses below the $2,320 support zone. This situation raises big questions about the future of the Ripple (XRP) price in the cryptocurrency market.

Ripple (XRP) Price Drop

Ripple (XRP) price tried to increase above the $2.350 zone, but failed due to strong selling pressure near the $2.450 zone. After reaching a peak at $2.4495, the price started to decline. This decline surpassed the $2.40 support level and dropped below the 50% Fibonacci retracement level of the last rise from the $2.299 low to $2.449 high. Nonetheless, buyers are getting active near the $2.350 support.

There is a bullish trend line forming with support at $2.3550 on the hourly chart of the Ripple (XRP)/USD pair. This trend line is adjacent to the 61.8% Fibonacci retracement level of the same increment. Currently, the price is trading below $2.40 and the 100-hour simple moving average.

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Potential Resistance and Support

On the upside, Ripple (XRP) may face resistance near the $2.40 level. The first major resistance is near the $2.450 level. If the price manages to break above the $2.50 resistance, it could push the price towards the $2.60 resistance zone. Further upside could take the price to $2.650 or even $2.680 resistance in the short term. The next major hurdle for buyers is at $2.80.

Possible Further Losses

If Ripple (XRP) fails to break the $2.450 resistance zone, the price could drop again. Initial support lies near the $2.3550 level. The next major support is near $2.320. In case of a downward break and close below the $2.320 level, the price could continue to drop towards the $2.20 support. The next major support is in the $2.120 zone.

Conclusion

Current market dynamics suggest that Ripple (XRP) is in a critical phase. Investors and market analysts should pay attention to technical indicators such as MACD and RSI which are currently showing bearish momentum. The support and resistance levels that have been identified will be key in determining the next direction for Ripple (XRP) price.

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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.