XRP/USD quotes are trading at 2.53982 and continue to move within the upside and bullish channel. The moving averages indicate the presence of a short-term bullish trend on XRP. Prices have broken through the area between the signal lines upwards, which indicates pressure from the buyers of the asset and potential continuation of XRP rate growth in the market already from the current levels. As part of the forecast for XRP today, we should expect an attempt to develop a bearish correction of the asset and a test of the support level near the area of 2.4885. Further, a rebound upwards and the continuation of cryptocurrency growth to the area above the level of 2.8405.
XRP Forecast for May 15, 2025
An additional signal in favor of XRP/USD quotes growth will be a test of the support line on the relative strength indicator. The second additional signal in favor of the growth of the asset will be a rebound from the lower boundary of the bullish channel. A fall and closing of quotes below the level of 2.3405 will cancel the cryptocurrency rise option. This will indicate the breakdown of the support area and the continuation of XRP/USD decline to the area below the level of 2.2205. The confirmation of the growth of the digital currency will be the breakdown of the resistance area and the closing of prices above the level of 2.6805.
XRP Forecast for May 15, 2025 suggests an attempt to test the support level near the area of 2.4885. From where we should expect continued growth of the cryptocurrency with a potential target at 2.8405. An additional signal in favor of the rise in XRP quotes will be a test of the support line on the relative strength indicator. A fall and breakdown of the 2.3405 area will cancel the option of quotes growth. In this case, we should expect the continuation of the decline in the digital currency with a target below 2.2205.
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