Ripple Price Prediction for Today, May 25: XRP Range-bounds as Price Holds $0.40 Support

Share This Post





The Ripple price prediction shows that XRP is slightly ranging as the market continues to respect the $0.40 support.

Ripple Prediction Statistics Data:

  • Ripple price now – $0.40
  • Ripple market cap – $19.69 billion
  • Ripple circulating supply – 48.34 billion
  • Ripple total supply – 99.98 billion
  • Ripple Coinmarketcap ranking – #6

XRP/USD Market

Key Levels:

Resistance levels: $0.55, $0.60, $0.65

Support levels: $0.60, $0.55, $0.50

XRP/USD is trading sideways, losing around 0.32% during the negotiation today. Looking at the daily chart, the Ripple has been moving sideways for the past few days. Now, the bulls are trying to come back into the market with a cross above the 9-day moving average, which may head towards the resistance level of $0.50.

Ripple Price Prediction: Ripple (XRP) May Cross to the Upside

The Ripple price is consolidating within the market and the coin has seen a slight decrease in the market as it is currently trading around $0.40. In the meantime, XRP/USD may continue a sideways movement before any breakout or breakdown of the channel.

Moreover, should the price break toward the upper boundary of the channel, the resistance levels of $0.55, $0.65, and $0.70 could be visited. Meanwhile, for a backward movement, the market may be supported at $0.25 and $0.20, and should the price falls below the previous levels, another support is around $0.15 while the Relative Strength Index (14) is moving below the 40-level.

When compared with Bitcoin, the Ripple price is currently changing hands at 1370 SAT, and it’s trading below the 9-day and 21-day moving averages. Therefore, if the 1300 SAT can serve as the market support, the Ripple price may likely cross above the moving averages. By crossing this barrier, XRP/BTC could hit the resistance level of 1600 SAT and above.

XRPBTC – Daily Chart

However, if the bulls fail to push the price above the moving averages, the market may begin its downtrend and the coin could probably record further declines below the lower boundary of the channel. Breaking this barrier could take the market to the nearest support level of 1200 SAT and below while the signal line of the Relative Strength Index (14) moves in the same direction below the 40-level.

Looking to buy or trade Ripple (XRP) now? Invest at eToro!

68% of retail investor accounts lose money when trading CFDs with this provider

Read more:

Read Entire Article
spot_img

Related Posts

Injex Finance Launches Presale for $INJX Token: Join Now to Secure Early Contributions

PRESS RELEASE Injex Finance is excited to announce the official launch of its Presale for the native $INJX token, offering early contributors an exclusive opportunity to become part of the thriving

New Era For VeChain: Marketplace Platform Unveiled, Price Spike Looming?

In a new development, VeChain (VET) has announced the introduction of its latest No-Code Tokenized Asset Marketplace-as-a-Service platform (MaaS), fueling optimism within the community of an

Prisma Finance $11.6 million exploit leads to asset value plummet, mkUSD stablecoin instability

Ethereum liquid restaking platform Prisma Finance said its vaults were exploited earlier today for an undisclosed sum According to the protocol: “Prisma Protocol has been paused by the

BREAKING: Sam Bankman-Fried Sentenced To 25 Years In Prison

In a highly anticipated courtroom verdict, Sam Bankman-Fried, the founder of the collapsed cryptocurrency exchange FTX, has been sentenced to 25 years in prison for defrauding users US District Judge

Shiba Inu Team Launches Latest Edition Of The SHIB Magazine

The Shiba Inu team has published the 18th edition of The Shib Magazine, featuring DAMN, the newest meme coin integrated into the Shibarium ecosystem The publication emphasizes the latest developments

Are Old Bitcoin Whales Selling Or Mitigating Risks Using Spot BTC ETFs?

Ki Young Ju, the founder of CryptoQuant, a blockchain analytics firm, has noticed a curious trend In a post on X, the founder shared a snapshot suggesting that Bitcoin “old whales”
- Advertisement -spot_img