XRP/USD end the trading week at 2.2860 and continue to move within the development of the correction and the bullish channel. Moving averages indicate the presence of a bullish trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from XRP buyers and potential continuation of the growth of the cryptocurrency from the current levels. As part of the XRP forecast for the week of May 12 — 16, 2025, a bearish correction is expected to develop and a test of the support area near 2.2565. From where we should again expect an upward rebound and continued growth of the cryptocurrency to the area above the level of 3.0505.
XRP Weekly Forecast May 12 — 16, 2025
An additional signal in favor of the growth of XRP quotes in the current trading week of May 12 — 16, 2025 will be a test of the support line on the relative strength indicator. The second signal in favor of the rise of XRP next trading week will be a rebound from the lower border of the bullish channel. The cancellation of the XRP cryptocurrency growth option this trading week will be a price drop and a breakout of the 1.6565 area. This will indicate a breakout of the support area and a continuation of the fall in XRP/USD quotes with a target below 1.5585. The growth of the cryptocurrency will be confirmed by a breakout of the resistance area and closing of quotes above the 2.6505 area, which will indicate a breakout of the upper border of the descending channel.
XRP Weekly Forecast May 12 — 16, 2025 suggests an attempt to test the development of the fall and a test of the support level near the 2.2565 area. Where we should expect continued growth in quotes with a potential target at 3.0505. An additional signal in favor of an increase in the cost of XRP will be a test of the trend line on the relative strength indicator. The cancellation of the cryptocurrency growth option will be a breakout of the 1.6565 area. This will indicate a continuation of the fall with a target below 1.5585.
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