XRP Amylase
Based on the price analysis from Denys Serhiichuk on May 7, 2025, XRP appears to be in a precarious position:
Short-Term Trend: XRP is showing some bullish movement (+2.43%) in the last 24 hours, but on the hourly chart, it's closer to local support, suggesting vulnerability to further declines.
Daily Outlook: The daily chart leans bearish. If the daily candle closes near or below current levels, there could be a breakdown toward the $2.10 level.
Midterm Perspective: The market remains undecided. A daily close below the $2 mark would likely trigger continued decline toward $1.7711.
Conclusion: Unless bulls push XRP decisively above resistance, there's a strong risk of further downside in the short to midterm. Watch the $2 level closely—it’s the critical support threshold.
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