Ripple (XRP) price has upside potential, but technical analysis shows limitations

Jakarta, Pintu News – The price of Ripple (XRP) recently fell below the $2,350 zone. Currently, the price is trying to recover, but there are some hurdles that might limit further gains.

Constraints Facing Ripple (XRP) Price

Ripple (XRP) price is trying to decline below the $2.450 zone, in contrast to Bitcoin (BTC) and Ethereum (ETH) which are stable. There was a drop below the $2.40 and $2.350 levels, even reaching the $2.2850 zone. The lowest point was recorded at $2.2848, and now the price is trying to recover. The price has managed to cross the $2.32 and $2.350 levels, as well as surpass the 50% Fibonacci retracement level of the decline from the $2.449 high to the $2.848 high.

However, the price is now facing hurdles near the $2.40 level. The price is now trading above $2.35 and the 100-hour simple moving average. On the upside, the price may face resistance near the $2.40 level, where there is a bearish trend line connected to the resistance on the hourly chart of the Ripple (XRP)/USD pair.

Also Read: XRP Futures Launches on CME: A New Beginning for Crypto Investing!

Major Resistance and Upside Potential

The first major resistance is near the $2,420 level, which is adjacent to the 76.4% Fibonacci retracement level of the decline from the $2,449 high point to the $2,848 high point. The next resistance is $2.50. If the price manages to cross the $2.50 resistance, it could push the price towards the $2.60 resistance. A further rise might take the price towards $2,650 or even $2,680 resistance in the short term. The next big hurdle for the bulls might be $2,80.

Downside Potential if Resistance Not Reached

If Ripple (XRP) fails to cross the $2,420 resistance zone, the price may see another drop. Initial support on the downside is near the $2,350 level. The next major support is near the $2,320 level. In case of a downward breakout and close below the $2,320 level, the price may continue to decline towards the $2.20 support. The next major support is located near the $2,120 zone.

Technical Indicators

The hourly MACD indicator for Ripple (XRP)/USD is now starting to lose momentum in the bearish zone. Meanwhile, the hourly Relative Strength Index (RSI) for Ripple (XRP)/USD is now above the 50 level. This suggests a bit of strength in the market, although there is still uncertainty.

Conclusion

While there is potential for Ripple (XRP) to rise in price in the near future, various technical hurdles may limit the upside. Investors and traders should take note of the resistance and support levels mentioned to make informed trading decisions.

Also Read: SEC and Crypto Regulation: Between Stability and Innovation

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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.

Reference

• NewsBTC. XRP Price Eyes Gains Above $2,420. Accessed on May 20, 2025
• Featured Image: FinBold