#Xrp🔥🔥
Here is a recent technical analysis of XRP against the US Dollar (USDT) as of May 13, 2025:
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📊 Current Price Situation
Current Price: Approximately $2.54
Daily Range: Between $2.43 and $2.62
The currency has recently seen a notable increase, but it is now facing strong resistance between $2.52 and $2.73, leading to some pullback in the bullish momentum.
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🔍 Technical Analysis
Overall Trend: The currency is trading within an ascending channel, indicating a potential price correction.
Technical Indicators:
RSI: Close to the 50 level, reflecting a balance between buying and selling pressures.
MACD: Shows a bullish crossover, which may indicate the beginning of a new upward wave.
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📈 Support and Resistance Levels
Support: $2.40, followed by $2.05.
Resistance: $2.60, then $2.75.
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📅 Short-term Forecast
If the price can break through the resistance level at $2.60, it may target $2.80 and then $3.00. However, if it fails to break through, the price may return to test the mentioned support levels.
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📊 Long-term Forecast
Some analysts expect the price of XRP to reach $7 or even $15 if the current upward trend continues, especially after the legal settlement with the U.S. Securities and Exchange Commission (SEC).