Technical Analysis of #XRP – Dated May 2, 2025

The #XRP coin is experiencing a noticeable upward momentum after breaking through the strong resistance level at $2.13, which may indicate the beginning of a new bullish trend.

Technical Levels:

Current Support: $2.15 then $2.02

Upcoming Resistance: $2.38 then $2.56

Technical Indicators:

RSI shows strong upward momentum

Stochastic RSI indicates continued upward movement

The price is moving above the short-term moving averages, reinforcing the positive outlook in the short term

Potential Scenarios:

Maintaining stability above $2.15 may push the price towards $2.38 then $2.56

Breaking support at $2.15 may bring the price back to $2.02

Overview:

#XRP has surpassed the long-term downward trend line, which may open the door for a new bullish wave.

It is advised to monitor support and resistance areas to identify suitable entry opportunities.

#XRP #Technical_Analysis #Crypto #Binance

This is not financial advice, do your own research.