XRP/USD quotes are at the level of 2.2673 and continue their movement within the development of a correction and formation of a reversal pattern “Wedge”. Moving averages indicate the presence of a short-term bullish trend for XRP. Prices broke through the area between the signal lines downwards, which indicates pressure from the sellers of the asset and potential continuation of the fall during XRP on the market already at current levels. Within today’s forecast for XRP, it is advisable to expect an attempt of developing a bearish correction of the asset and testing the support level near the area 2.1905. Further, a bounce upwards and continuation of the growth of cryptocurrency in the region above the level of 2.8705.
Cryptocurrency XRP forecast for May 30, 2025
Additional signals in favor of the growth of XRP/USD will be a test of the support line on the Relative Strength Index (RSI). The second additional signal for an increase in XRP is a rebound from the lower boundary of the bull channel. A reversal of the cryptocurrency’s upward movement would occur if prices fall and close below level 2.0405, indicating a breakthrough support area, rejection of the bull model, and continuation of the downward trend of XRP/USD to levels below 2.0045. Confirmation of the currency digital rate growth will be breaking through resistance areas and closing prices above the level of 2.3905, which indicates a breakout from the upper boundary of the “Wedge” model and the beginning of implementing the pattern with targets upwards.
Cryptocurrency XRP forecast for May 30, 2025 anticipates a test of the support level near the area of 2.1905. From where we should expect a continuation of the cryptocurrency’s growth to a potential target at the level of 2.8705. An additional bullish signal would be testing the support line on the Relative Strength Index indicator. Cancellation of the option for price movements upwards will come with a drop and break through the area of 2.0405. In this case, we should anticipate further depreciation of the digital currency with a target below 2.0045.
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