XRP/USD quotes are at a level of 2.3019 and continue to move within the scope of a corrective development and bear channel. Moving averages indicate a short-term upward trend for XRP. Prices are once again testing the area between signal lines, indicating pressure from buyers of the asset and potential continuation of the growth rate of XRP on the market already at current levels. Within today’s forecast for XRP, it is expected to anticipate development of the bearish correction of the asset and test the support level close to the area 2.225. Next, a bounce up and continued crypto currency growth in the region above the level of 2.7265.
XRP Forecast for May 20, 2025
Additional bullish signals for the XRP/USD price increase would be testing the support line on the Relative Strength Index (RSI). A second additional bullish signal would be a bounce off the lower border of the bull channel. Cancellation of the cryptocurrency’s rise option will occur when it falls and closes below the level of 2.1355, indicating a breach of the support area and continued decline of XRP/USD to an area below the level of 2.0565. Confirmation of the digital currency price increase would be breaking through the resistance zone and closing prices above the level of 2.5265.
XRP Forecast for May 20, 2025 predicts a test of the support level near the area of 2.225. From which one should expect further growth in the cryptocurrency with a potential target at the level of 2.7265. An additional bullish signal will be a test of the support line on the relative strength indicator. A reversal of the price increase scenario will occur when it falls and breaches the area of 2.1355. In this case, expect continued depreciation in the digital currency with a target below 2.0565.
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