NewsBTC
25 May 2025
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XRP Price Faces Decline Risk Below $2.25 Support Level

XRP prices have decreased by 4.08% in the last day, influenced by a potential 50% tariff on EU imports announced by the US. Market analyst CasiTrades warns that XRP risks further decline if it breaks below key support.

XRP Must Avoid Crash Below $2.25 – $2.26

  • XRP reached $2.45 before facing rejection due to macroeconomic pressures from new tariffs.
  • It has declined over 5% to $2.33 but has stabilized recently.
  • CasiTrades links this price action to Elliott Wave Theory, suggesting a possible end to the recent relief rally.
  • A break below the $2.25 – $2.26 support zone could lead to deeper corrections, potentially dropping XRP to $1.55 – $1.90.
  • If support holds, XRP may rally to around $2.70 and aim for a local peak of $3.84.

XRP Price Overview

  • XRP is currently trading at $2.33, down 1.45% in the past week but up 9.77% in the past month.
  • Volatility Shares launched a 1x XRP futures ETF on May 22, tracking daily performance without leverage.
  • XRP's market cap stands at $233.58 billion, making it the 4th largest cryptocurrency.