Latest developments regarding XRP (Ripple)
As of May 6, 2025:
Current Price and Market Performance
Current price: XRP is currently trading at $2.12, down 3.15% in the last 24 hours, amid selling pressure affecting most cryptocurrencies due to American economic fears.
Technical Analysis: Charts indicate the formation of a descending triangle with strong support at $2.00. The price may witness a bullish breakout towards $3.50 if it surpasses resistance at $2.65, or a drop to $1.70 if support is broken.
Technical Indicators: The MACD indicator shows a bearish signal, while RSI is at 39, indicating weak short-term bullish momentum.
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All posts are personal opinions and not financial advice.