NewsBTC
May 13, 2025
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XRP Price Corrects Gains While Holding Above Key Support Levels

XRP price is currently supported above $2.250, having started an upward movement after testing $2.420.

  • XRP began to rise above the $2.50 level.
  • The price is trading above $2.40 and the 100-hourly Simple Moving Average.
  • A bullish trend line has formed with support at $2.4350 on the hourly chart.
  • A potential increase may occur if XRP closes above $2.550.

XRP Price Movement

The price increased past $2.350 and $2.40, reaching a high of $2.6560 before pulling back. Currently, it trades above $2.420, indicating bullish activity.

XRP Price

Resistance levels are noted at $2.4950, $2.550, and $2.600. A clear move above $2.60 could push the price toward $2.650 and potentially higher to $2.720 or $2.7450.

Potential Decline

If XRP does not surpass the $2.550 resistance, a decline may begin. Key support levels are at $2.4350 and $2.40. A drop below $2.40 could lead to further declines toward $2.350 and then $2.320.

Technical indicators show that the MACD is losing momentum in the bullish zone and the RSI is below 50.

Major Support Levels: $2.4350, $2.40
Major Resistance Levels: $2.50, $2.550