[Technical Analysis] XRP/USDT – 4H Chart Update | 15 May 2025
Price: $2.4826 (-2.24%)
24H Range: $2.4041 – $2.5721
Volume: XRP 166.46M | USDT 414.78M
XRP/USDT has seen a pullback after testing the recent local high of $2.6549, with the price now consolidating near $2.48. The market is in a short-term correction phase after a strong bullish rally.
Key Observations:
MACD is turning bearish with a negative crossover (MACD: -0.0201), suggesting weakening bullish momentum.
Volume remains relatively stable but lower than the spike seen during the breakout.
The Avalanche indicator (AVL) shows a current level of 2.4695, indicating this area as a potential support zone.
Order Book Sentiment: 53.36% buyers vs. 46.64% sellers – slight bullish sentiment among traders.
Support Levels:
$2.4041 (24h Low)
$2.3224 (Local swing low)
Resistance Levels:
$2.5252
$2.6549 (Recent high)
Outlook:
XRP may test the support at $2.46–2.40 before deciding its next move. A strong bounce from here could push price back toward $2.60, while a breakdown may trigger further downside. Traders should watch volume and MACD closely for confirmation.
Strategy:
Short-term traders may look for reversal signals near support.
Long-term holders could use dips as accumulation opportunities, given the 1-year gain of 391.53%.