Technical Analysis of the Currency. $XRP

Current Price: $2.30

(as of May 28, 2025)

General Trend:

• Head and Shoulders Pattern: A head and shoulders pattern has formed on the daily chart which may indicate a potential bearish reversal towards the $2.00 level, especially if the $2.30 support is broken.

• Support and Resistance Levels:

• Main Support: $2.30.

• Next Support: Between $2.10 and $2.15.

• Near Resistance: Between $2.43 and $2.44, followed by stronger resistance at $2.60.

Momentum Indicators:

• RSI: Shows readings that indicate a balance between buying and selling forces, suggesting a state of caution in the market.

• MACD: Shows a negative crossover, reinforcing the bearish outlook in the short term.

Fundamental Factors Influencing

• The XRP network has experienced a 95% decline in activity, which may indicate a decrease in investor interest.

• More than $4 billion in outflows were recorded in a single day, putting pressure on the price to remain above the $2.00 level.

• Despite expectations for the launch of an XRP-linked exchange-traded fund in the United States, ongoing legal disputes with the SEC may negatively impact the price.

Outlook for the Rest of 2025

Positive Scenario:

• First Target: $3.00.

• Second Target: $3.84.

• Third Target: $5.16.

Negative Scenario:

• First Support: $2.30.

• Second Support: $2.10.

• Third Support: $1.70.