Current price: $2.35 USD
24h variation: -0.43%
Date and time: as of May 20, 2025 - 14:00 (UTC-4)
Source: Binance Spot
In the last week, XRP has fluctuated within a volatile range between $2.30 and $2.65 USD, showing attempts at consolidation after an upward push at the beginning of the month. Despite the enthusiasm generated by fundamental developments in the Ripple ecosystem, the token currently faces a zone of high technical pressure.
Technical analysis point:
According to CoinDesk Markets, XRP shows signs of a bearish 'head and shoulders' pattern, with critical resistance at $2.50 and decisive support at $2.30.
A daily close below that level could trigger aggressive selling that drives the price to the $2.00 USD zone, especially considering the appearance of a potential 'death cross' in the 50 and 200-day moving averages.
Fundamental analysis point:
Ripple has strengthened its institutional presence with its expansion in Dubai, while awaiting a definitive resolution on regulatory issues in the U.S. Moreover, CME Group's announcement about XRP futures keeps institutional interest high.
Despite this, the price still does not respond solidly to good news, indicating a market on hold or under manipulation by whales, as warned by experts like Charles Hoskinson (Cardano) and analysts from CryptoQuant.
In brief and powerful words:
XRP is at a sensitive technical moment. Its performance in the coming days will depend on its ability to hold above $2.30 USD and reactivate buying volume.
Those trading XRP should remain cautious, focusing on risk management and well-defined entry levels.
Is XRP accumulating strength for a new rally or are we on the verge of a major correction?
