XRP/USD quotations are at the level of 2.2970 and continue trading within the process of correction development and formation of a bearish pattern “Wolf Wave”. Moving averages indicate a short-term bearish trend for XRP. Prices have broken through the area between signal lines downwards, which indicates pressure from the sellers of the asset and potential continuation of the price drop of XRP on the market already at current levels. Within today’s forecast for XRP, it is advisable to anticipate development of the bearish correction in the asset and testing of the support level near the 2.1875 area. Further, a rebound upward and continuation of the growth of the cryptocurrency towards an area above the 2.5605 level.
Cryptocurrency XRP Forecast for May 29, 2025
Additional signals in favor of the growth of XRP/USD would be a test of the support line on the Relative Strength Index (RSI). The second additional signal for the rise of XRP would be a bounce off the lower border of the bullish channel. A reversal of the upward trend option for cryptocurrency would be a decline and closing prices below the level of 2.1005, indicating a break in the support area, rejection of the bull model, and continued downward movement of XRP/USD below the level of 2.0005. Confirmation of the rise in the price of digital currency would be a breakout of the resistance zone and closing prices above the level of 2.5505.
Cryptocurrency XRP Forecast for May 29, 2025 anticipates a test of the support level near the area of 2.1875. From there, one should expect growth in cryptocurrency with a potential target at the level of 2.5605. An additional signal in favor of the rise in XRP quotations will be testing the support line on the relative strength indicator. Cancellation of the option for price increase will be a drop and breaking through the area of 2.1005. In this case, one should expect continued depreciation of the digital currency with a target below 2.0005.
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