XRP is holding firm just above its rising trendline support, currently consolidating near $2.08. Price action on the daily chart suggests buyers are gradually regaining control after a multi-week correction.
XRP is trading between support at $2.05 and resistance at $2.23—which also aligns with the 50-day EMA ($2.21). This area remains a critical pivot. The trendline from March lows around $1.61 continues to act as a solid base for higher lows.
A clean breakout above $2.23 could open the path toward $2.33, followed by $2.58. However, if $2.05 fails to hold, the bullish structure may break down in the short term.
MACD Crossover Hints at Reversal; XRP to Rise?
The MACD just flipped bullish, with the MACD line crossing above the signal line—marking a green histogram for the first time in weeks.
Key Levels to Watch:
RSI: Neutral, trending upward
Resistance: $2.23 (50 EMA), $2.33, $2.58
Support: $2.05, $1.92, $1.78
MACD: Bullish crossover confirmed
The Relative Strength Index (RSI) hovers just below 50, reflecting neutral conditions and room for upside. A close above $2.23 would likely push RSI into bullish territory, confirming renewed momentum.
Ripple ETF Buzz Fuels Long-Term Bull Case; XRP Supported
Beyond charts, the narrative surrounding XRP continues to strengthen. Anticipation over a potential Ripple ETF approval has attracted investor interest, with projections of over $8 billion in inflows if greenlit.
The decision is expected by May 22, and any sign of approval could catalyze a surge in demand, sending XRP toward the $6–$15 range over the coming months.
The Teucrium leveraged XRP ETF has already raised $27M, hinting at real appetite among funds. All eyes are on the May 22 SEC decision—a pivotal date for XRP.
In Summary:
XRP is coiling above trendline support and needs to clear $2.23 to extend gains.
MACD has flipped bullish, and RSI is showing early signs of a shift.
Institutional narratives and ETF anticipation provide strong fundamental backing.
Watch for a daily candle close above $2.23 with strong volume to confirm breakout.
Bottom Line: If bulls hold the $2.05–$2.08 zone, the next leg higher may be just around the corner.
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