📊 Technical analysis and trends
• General trend: Technical indicators show mixed signals, with a tendency towards caution.
• Support and resistance levels:
• Support: Ranges between $1.60 and $1.11, which are critical levels in case of a pullback.
• Resistance: It is at $2.50, and if broken, the price may head towards $3.00.
• Technical indicators: The Relative Strength Index (RSI) and the Stochastic RSI show positive signals on the bi-monthly chart, indicating the potential for a rise if momentum continues.
🔮 Future predictions
• Short-term (May 2025): Some analyses predict a rise of 3.54%, bringing the price to $2.25 by May 2.
• Medium-term: Forecasts indicate the possibility of the price reaching $5 in May, driven by positive technical patterns and increased momentum.
• Long-term: Some analysts expect targets of up to $17, and even $55, if major price channels are broken.
⚠️ Influencing factors
• ETF: The delay by the U.S. Securities and Exchange Commission (SEC) on ETF decisions for XRP may affect price movement.
• Market sentiment: The “fear and greed” index indicates a state of “greed” at a level of 56, suggesting investor optimism.
