XRP/USD quotations end the trading week at a level of 2.4181 and continue movement within the development of correction and formation of reversal pattern “Wedge”. Moving averages indicate the presence of an upward trend for the asset. Prices broke through the area between signal lines upwards, which indicates pressure from XRP buyers and potential continuation of cryptocurrency growth already from current levels. Within the forecast for XRP, it is expected that bearish correction will develop and test the support area close to 2.2465 for a week period from May 19 to May 23, 2025. From there, an upward bounce is anticipated once again and continuation of growth in the cryptocurrency XRP region above level 3.0445.
XRP Weekly Forecast May 19 — 23, 2025
Additional signals in favor of the growth of XRP stock prices for the current trading week from May 19 to May 23, 2025 will be a test of the support line on the Relative Strength Index (RSI). The second signal in favor of an upward movement of XRP on the next trading week is a rebound off the lower border of the bullish channel. The rejection of the option of growth for the cryptocurrency XRP for the current trading week would be a fall in prices and breaking through the area of 1.8505, which will indicate a break of the support area and continued fall of XRP/USD to the target below the level of 1.6505. Confirmation of growth will be a breakout of the resistance area and closing of prices above the area of 2.6775, indicating a breakout of the upper boundary of the reversal pattern “Wedge” and the start of implementing the pattern with targets upward.
XRP Weekly Forecast May 19 — 23, 2025 anticipates a test of the bearish correction development and a test of the support level near the area around 2.2465. From where one can expect an increase in quotes with a potential target at a level of 3.0445. Additional signal in favor of XRP price rise would be a test of the trend line on the Relative Strength Index (RSI). The rejection of the growth option for the cryptocurrency would be breaking the area of 1.8505, indicating further decline with a target below the level of 1.6505.
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