XRP/USD quotes are at the level of 2.4196 and continue their movement within the framework of developing a slight rise and bull channel. Moving averages indicate an existing short-term bullish trend on XRP. Prices broke through the area between signal lines upwards, indicating pressure from the buyers of the asset and potential continuation of the growth rate of XRP in the market already at current levels. As per the forecast for XRP today, there should be an expectation of the development of a bearish correction to the asset and testing the support level close to the area 2.3205. Following that, a rebound upwards and continuation of the cryptocurrency’s growth into the region above the level 2.7465.
Cryptocurrency XRP forecast for May 23, 2025
Additional signals in favor of the XRP/USD price growth would be testing the bull support line on the Relative Strength Index (RSI). The second additional signal for the asset’s upward movement is a rebound from the lower boundary of the bullish channel. Confirmation of the cryptocurrency’s rise will come if prices fall and close below level 2.2205, indicating a breach of the support area and a continuation of XRP/USD’s decline to an area below level 2.1065. An indication that the digital currency’s price is rising would be breaking through the resistance area with closing prices above level 2.5005, signaling a breach of the upper boundary of the descending channel.
Cryptocurrency XRP forecast for May 23, 2025 predicts a test of the support level near the area of 2.3205. From where one should expect the continuation of the cryptocurrency growth with a potential target at the level of 2.7465. Additional bullish signal will be the testing of the support line on the Relative Strength Index indicator. Cancellation of the option for price rise will be a drop and breaking through the area of 2.2205. In this case, one should anticipate further decline in the digital currency with a target below 2.1065.
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