NewsBTC

21 May 2025

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XRP Price Attempts Recovery After Declining Below $2.40

XRP price is experiencing a decline below $2.40, currently trading around $2.350 and near the 100-hourly Simple Moving Average.

• Recent low formed at $2.3157; price is attempting to recover.
• Resistance observed at $2.3620 due to a bearish trend line on the hourly chart.
• Key resistance levels are $2.420 and $2.50.
• If XRP fails to surpass $2.420, it may decline further towards $2.30 and $2.220.

Technical indicators show the MACD losing momentum in the bearish zone, while the RSI is above 50.

Support levels are at $2.3150 and $2.30; resistance levels are at $2.420 and $2.50.