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Crypto markets could experience volatility as Trump tariff scheduled to go live Today Wednesday, with China’s retaliatory tariffs on Thursday. $BTC $ETH $XRP #tarifflive #china
Can XRP bulls cover $2.00 support?
As of right now, the XRP price floats at $2.08. Bulls have been trying to breach at $2.24 established by the 50-day and 100-day Exponential Moving Averages (EMA), after widening the distance from the confluence resistance. Tested on Monday last week, XRP loses the immediate $2.00 support, losses might continue to the 200-day EMA at $1.95 and the next support region at $1.61.
Supported by green histograms, the Moving Average Convergence Divergence (MACD) indicator shows a buy signal even with the loss. With a consistent movement above the declining trend verifying the bullish hold, the Relative Strength Index (RSI) indicator might reveal where XRP is headed. Concurrent with this movement into the oversold area would imply that the trend is becoming negative.
A major factor probably influencing XRP's price movement in 2025 is the possible acceptance of XRP ETF applications. Investors should lower their expectations, however, because soon-to-be-sworn-in SEC Chair Paul Atkins may slow down the process as he gets used to his new post.
Kaiko Research says "May 22 is an important date to watch in light of the recent ETF approval of a 2x XRP ETF from Teucrium, as the SEC must respond to Grayscale's XRP spot filing by then."
Thanks to the token's much enhanced market depth since the end of 2024, Kaiko detailed in the paper XRP ETFs are more likely to be allowed than Solana ETFs.
#xrp #MetaplanetBTCPurchase #tarifflive #WhaleMovements #BTCRebounds100K $XRP
As of right now, the XRP price floats at $2.08. Bulls have been trying to breach at $2.24 established by the 50-day and 100-day Exponential Moving Averages (EMA), after widening the distance from the confluence resistance. Tested on Monday last week, XRP loses the immediate $2.00 support, losses might continue to the 200-day EMA at $1.95 and the next support region at $1.61.
Supported by green histograms, the Moving Average Convergence Divergence (MACD) indicator shows a buy signal even with the loss. With a consistent movement above the declining trend verifying the bullish hold, the Relative Strength Index (RSI) indicator might reveal where XRP is headed. Concurrent with this movement into the oversold area would imply that the trend is becoming negative.
A major factor probably influencing XRP's price movement in 2025 is the possible acceptance of XRP ETF applications. Investors should lower their expectations, however, because soon-to-be-sworn-in SEC Chair Paul Atkins may slow down the process as he gets used to his new post.
Kaiko Research says "May 22 is an important date to watch in light of the recent ETF approval of a 2x XRP ETF from Teucrium, as the SEC must respond to Grayscale's XRP spot filing by then."
Thanks to the token's much enhanced market depth since the end of 2024, Kaiko detailed in the paper XRP ETFs are more likely to be allowed than Solana ETFs.
#xrp #MetaplanetBTCPurchase #tarifflive #WhaleMovements #BTCRebounds100K $XRP
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