$XRP On May 20, 2025, the XRP currency experienced notable fluctuations in its performance, with expectations varying between cautious optimism and pessimism supported by technical analysis.
Daily Performance
XRP traded in a range between $2.32 and $2.40, closing at $2.35, down 1.67% from the previous close. This decline followed a period of relative stability, indicating slight selling pressures.
Technical Analysis
Negative technical signals emerged, such as the formation of a "Death Cross" on the chart, which is a negative crossover between the short-term and long-term moving averages, potentially indicating a drop of up to 25% if the support level at $2.00 fails to hold.
Future Projections
Despite current challenges, some analyses suggest the possibility of a gradual recovery. For instance, some models predict that the price of XRP will reach $2.23 by October 2025, reflecting cautious optimism in the market.
Conclusion
While some technical indicators suggest potential selling pressures, the future outlook for XRP remains relatively positive, with the possibility of a gradual recovery if key support levels are maintained.
