๐ Current Snapshot (Late May 2025)
XRP is trading around $2.13, down ~4% in 24 hours.
Broken below 200-day moving average โ a bearish sign.
RSI is under 50 โ indicating weakening momentum.
Institutional outflows and futures open interest is dropping.
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๐ฎ My Outlook for XRP
โ Short-Term (Next 1โ2 weeks): Bearish to Sideways
Support level: Around $2.00 โ if it breaks, next support is $1.85โ$1.93.
Resistance: ~$2.30โ$2.40 โ likely to face selling pressure there.
Market sentiment is cautious due to:
Uncertainty with SEC not giving updates on Ripple.
General crypto market weakness (Bitcoin also retracing).
Reduced institutional interest (ETP outflows).
๐ง Strategy tip if you're conservative: Stay on the sidelines or use tight stop-loss if entering a position. RSI below 50 and declining open interest suggest no strong buying momentum yet.
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๐ค๏ธ Mid-Term (1โ3 months): Cautiously Bullish, if...
If XRP holds above $1.90 and consolidates, and:
Thereโs any positive regulatory clarity,
Or Bitcoin rebounds toward $110K+,
Or Ripple announces new partnerships or utility updates,
then XRP may retest $2.50โ$2.80 range, especially going into the next earnings and legal cycle.
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โ ๏ธ Key Watchpoints
Bitcoinโs direction: XRP tends to follow BTC sentiment.
SEC vs Ripple developments: Any dismissal or ruling news can swing price fast.
Volume and RSI: Watch for signs of accumulation or positive divergence.