Good morning, can we get a rating guys for encouragement and continuation
Analysis and forecast for XRP | May 2025
XRP (Ripple) is experiencing a state of anticipation in the markets, especially with the impending resolution of the legal dispute between Ripple and the U.S. SEC. This factor continues to cast a shadow over price movement and increases volatility.
Technical Analysis:
The current price is trading around $0.53 - $0.58.
On the daily timeframe, XRP is trying to hold above the 50-day moving average, indicating the possibility of continuing the upward trend.
If resistance at $0.60 is broken, we may witness a wave of increase towards $0.68 then $0.75.
The most important support currently is at $0.48, and breaking it could bring the price back to the $0.42 - $0.45 range.
Fundamental Analysis:
Legal news remains the primary driver for the currency, and any positive developments in the case could push XRP to explode upwards.
With Ripple expanding its global partnerships in the financial transfer sector, the momentum around adopting XRP as a payment method is increasing.
General Forecast (Short to Medium Term):
Positive Scenario: A clear breakout above $0.60 with support from strong trading volume could lead to levels of $0.75 then $0.85.
Negative Scenario: Continued volatility or breaking support could bring XRP back to the $0.40 - $0.45 range before any new rebound.
Note: This analysis is not financial advice. Please do your own research or consult a specialist before making investment decisions.