📈 Technical Analysis $XRP

Overall Trend: XRP is in a consolidation phase, fluctuating between $2.10 and $2.35. The trend remains neutral, declining, and a weekly loss of -4.33%, indicating a loss of momentum.

Moving Averages: The 20-, 50-, 100-, and 200-period moving averages are converging around $2.14 and $2.23, forming a resistance zone. A break above $2.23 could catalyze a rise towards $2.60.

Indicators: The RSI is near 58, suggesting moderate buying pressure. The MACD is above its signal line, indicating short-term bullish potential.

🔮 Outlook for May 2025

Bullish scenario: In the event of a break above $2.35, XRP could target $2.70 or even $3.00, supported by positive market momentum and solid fundamentals.

Neutral scenario: If the price remains between $2.00 and $2.35, a prolonged consolidation is likely.

Bearish scenario: A drop below $2.10 could lead to a pullback towards $1.90 or $1.70, especially if negative external factors emerge.

⚠️ Factors to watch

Regulatory updates: The resolution of the litigation between Ripper and the SEC, with a $125 million settlement, has removed a major uncertainty, but any new regulation could influence the price.

Institutional Adoption: Growing interest in Ripper's cross-border payment solutions could support demand for XRP.

✅ Conclusion

XRP is at an inflection point. A break above $2.35 could pave the way for significant upside, while a decline below $2.10 would require caution. Investors should monitor key levels and stay informed of regulatory developments and overall market sentiment.

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