📉 Current XRP Price: $2.14
$XRP is trading around $2.14, slightly down from yesterday. The price decreased by 1.27% on May 5, continuing the downward trend from May 4, when it fell by 1.32%, closing at $2.1319.
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📊 Technical Analysis:
• Key Support: $2.10
• Nearest Resistance: $2.33 and $2.46
• “Death Cross” Signal: XRP is approaching a “death cross,” a bearish signal, as the price falls below the 50-day moving average.
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🚀 Bullish Potential:
According to Elliott wave analysis, if $XRP holds the support level at $2, a strong price increase up to $12 could occur in 2025–2026.
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🏦 Ecosystem News:
• XpFinance: Launching a decentralized lending protocol on the XRP Ledger.
• Vaultro Finance: Preparing to sell the $VLT token on May 8, aimed at building the first decentralized investment fund on the XRP Ledger.
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💬 Conclusion:
$XRP is at a crossroads. If it holds the support level at $2, it could open up strong bullish opportunities. However, if this level is broken, the price may continue to decline.
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