$XRP is trading at approximately $2.26 USD, reflecting a modest increase of 3.67% over the past 24 hours. The day's trading range has seen lows of $2.18 and highs reaching $2.28.
XRP's price action has been marked by volatility in recent weeks. After briefly rallying above $2.65 in early May, the token retraced to a low of $2.10 by the end of the month. Since then, it has been attempting to regain momentum, with current resistance levels identified between $2.22 and $2.28.
Technical indicators present a mixed outlook. The Relative Strength Index (RSI) stands at 50.82, suggesting a neutral market stance. However, the Moving Average Convergence Divergence (MACD) has shown a bearish crossover, indicating potential downward pressure. Support levels are noted at $2.18, $2.13, and $2.08.
Market analysts emphasize the importance of breaking above the $2.50 resistance to avoid a potential decline toward the $1.76 support level. The upcoming days, particularly between June 4 and 6, are considered critical for XRP's price trajectory.
