NewsBTC
8 May 2025
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XRP Price Surpasses $2.120, Targets Further Gains Above $2.180

XRP price has shown recovery after finding support at $2.080, currently gaining momentum towards the $2.150 resistance zone.

  • XRP started a recovery wave above $2.10.
  • Trading above $2.120 and the 100-hourly Simple Moving Average.
  • Break above key bearish trend line near $2.1450 on the hourly chart.
  • A close above $2.1680 may trigger further increases.

XRP Price Outlook

XRP has surpassed $2.10 and $2.120 levels. The price is above the 23.6% Fib retracement level from the recent swing high of $2.2580 to the low of $2.078.

Current trading levels are above $2.150, with potential resistances at:

  • $2.180
  • $2.20
  • $2.220
  • $2.250
  • $2.30
  • $2.320

Potential Decline Risks

If XRP fails to surpass the $2.180 resistance, it might face declines, with initial support at $2.1320 and major support at $2.120. A close below $2.120 could lead to further declines towards $2.080 and then $2.050.

Technical Indicators:

  • MACD is gaining in the bullish zone.
  • RSI is above 50.
  • Major Support Levels: $2.120, $2.080.
  • Major Resistance Levels: $2.180, $2.20.

XRP Price