$XRP
🚨 XRP Technical Analysis (Early May 2025) 🚨
From a technical standpoint, XRP was trading around $2.21-$2.23 as of early May 3, 2025. The price is currently testing support near the 20-day Exponential Moving Average (EMA) around the $2.18-$2.20 level. Failure to hold this level could see prices revisit the $2.00 psychological mark.
As per the chart below, the RSI is currently at approximately 53.85. An RSI above 50 generally indicates bullish momentum, suggesting that buying pressure is currently outweighing selling pressure. However, the RSI is not yet in overbought territory (typically above 70), implying there might be room for further upward movement.
Meanwhile, the Bollinger Bands show that the upper Bollinger Band is around 2.3059, the middle Band (20-day SMA) is at 2.1649, and the lower Bollinger Band is at 2.0239. Currently, XRP is trading above the middle Bollinger Band, which is often seen as a bullish signal and a retest of $2.3 is likely.