NewsBTC
May 15, 2025
11 0

XRP Price Pulls Back from $2.650 but Holds Above $2.480 Support

XRP price has risen above $2.60 but is currently correcting from a peak at $2.650. Support is anticipated around the $2.480 level.

  • XRP began an uptrend past the $2.550 mark.
  • Trading remains above $2.50 and the 100-hourly Simple Moving Average.
  • A break occurred below a significant bullish trend line at $2.550 on the hourly chart for XRP/USD.
  • Staying above $2.480 may allow for potential future gains.

XRP Price Correction

The price sustained support above $2.420, enabling an upward movement. Key levels surpassed include $2.50 and $2.550.

Bulls pushed the price past $2.60, reaching $2.650 before a pullback occurred. The price then fell below $2.550 and the 50% Fibonacci retracement of the move from $2.4220 to $2.650.

The price is currently above $2.50 and the 100-hourly Simple Moving Average.

XRP Price

Potential resistance levels include:

  • $2.550
  • $2.580
  • $2.60
  • $2.650
  • $2.720
  • $2.750
  • $2.880

Possible Decline

If XRP does not surpass $2.580, it may experience further declines. Immediate support levels are near:

  • $2.510
  • $2.480

A drop below $2.480 could lead to a decline towards the $2.450 support, with further major support around $2.420.

Technical indicators show:

  • Hourly MACD is losing momentum in the bullish zone.
  • RSI is below the 50 level.

Key support levels: $2.510 and $2.480. Key resistance levels: $2.60 and $2.650.