Technical Analysis of XRP – As of May 7, 2025:
Current Price: $2.13
Technical Indicators:
Moving Averages: Indicate sell signals in the short and medium term, with the exception of the 200-day moving average which gives a buy signal.
Relative Strength Index (RSI): 45.09 – Neutral.
MACD Indicator: Weak buy signal.
Stochastic Indicator: 13.44 – Buy signal.
ADX Indicator: 12.74 – Weak momentum.
Williams %R Indicator: -79.17 – Buy signal.
Bullish Scenario:
Entry Point: Upon breaking the resistance level at $2.20.
Targets: $2.23 then $2.30 then $2.50.
Stop Loss: Below $2.09.
Bearish Scenario:
Entry Point: If breaking the support at $2.09.
Targets: $2.00 then $1.90 then $1.60.
Stop Loss: Above $2.20.
This is not financial advice, do your own research.
