XRP Price Preparing to Soar – Is a Fracture on the Horizon?

Updated

May 23, 2025

Gambar XRP Price Preparing to Soar – Is a Fracture on the Horizon?

Jakarta, Pintu News – Ripple price is currently in a consolidation phase above the $2,320 zone, showing potential for further upside. After experiencing a downward correction, XRP is now showing strong signs of recovery, with the potential to break important resistance near $2,450.

Current Market Conditions

Ripple (XRP) experienced a recent price drop, dropping below the $2.380 zone, in contrast to Bitcoin and Ethereum which stabilized. The price briefly touched the $2.3350 zone before eventually forming a low at $2.33360. However, now the price of Ripple (XRP) has started to show recovery by breaking the $2.350 and $2.3650 levels again.

The price has now successfully crossed the 50% Fibonacci retracement level of the last drop from a high of $2.4315 to a low of $2.3360. By being above $2.38 and the 100-hour simple moving average, Ripple (XRP) is showing strong indications of continuing to rise.

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Potential Price Increase

On current conditions, Ripple (XRP) faces resistance near $2.410, which is close to the 76.4% Fibonacci retracement level of the previous decline. If it manages to cross this resistance, the next target is $2.4320.

A break above $2,450 could take Ripple (XRP) towards the $2.50 resistance, and if this momentum continues, the price could reach $2.550 or even $2.5650 in the near term. The next major resistance for buyers is at the $2,650 zone. This upside is supported by the MACD indicator showing acceleration in the bullish zone and the RSI being above the 50 level, signaling market strength in favor of the price increase.

Possible Price Drop

However, if Ripple (XRP) fails to break the $2.450 resistance zone, there is a possibility that the price will drop again. Initial support lies near $2.3650, with the next major support at $2.3580, where there is a bullish trend line forming. A break below this level could trigger further declines towards support at $2.320 and if sustained, could reach $2.2650.

Conclusion

With dynamic market conditions, investors and traders should constantly monitor the price movements of Ripple (XRP) to make informed investment decisions. The next rise or fall will largely depend on the price’s ability to break or hold above the key levels identified.

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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.