XRP Price Prediction May 2025: Will Ripple Smash $3 or Crash to $1.70?
XRP (Ripple) is currently trading around the $2.21 level as of May 1, 2025, following a multi-month uptrend that peaked near $3.40 in early March. The asset has since entered a corrective phase but continues to hold higher timeframe support levels. This consolidation suggests that XRP may be stabilizing before its next directional move.
The overall market sentiment is neutral to slightly bullish, as XRP remains above key Fibonacci support zones and is attempting to reclaim broken trendlines on lower timeframes. However, a lack of strong volume during the bounce from April lows keeps bullish conviction in check for now.
Weekly Chart: Fibonacci Retracement Defines Long-Term Support Zones
On the weekly timeframe, Fibonacci retracement levels drawn from the $0.45 swing low to the $3.40 high provide a solid framework for understanding the ongoing correction:
- 0.236 Fib: $2.699
- 0.382 Fib: $2.267
- 0.5 Fib: $1.917
- 0.618 Fib: $1.568
- 0.786 Fib: $1.070
Currently, XRP is trading between the 0.382 and 0.5 levels, holding above the $1.91 zone, which historically serves as a strong institutional accumulation level. A…
The post XRP Price Prediction May 2025: Will Ripple Smash $3 or Crash to $1.70? appeared first on Coin Edition.
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XRP Price Prediction May 2025: Will Ripple Smash $3 or Crash to $1.70?
XRP (Ripple) is currently trading around the $2.21 level as of May 1, 2025, following a multi-month uptrend that peaked near $3.40 in early March. The asset has since entered a corrective phase but continues to hold higher timeframe support levels. This consolidation suggests that XRP may be stabilizing before its next directional move.
The overall market sentiment is neutral to slightly bullish, as XRP remains above key Fibonacci support zones and is attempting to reclaim broken trendlines on lower timeframes. However, a lack of strong volume during the bounce from April lows keeps bullish conviction in check for now.
Weekly Chart: Fibonacci Retracement Defines Long-Term Support Zones
On the weekly timeframe, Fibonacci retracement levels drawn from the $0.45 swing low to the $3.40 high provide a solid framework for understanding the ongoing correction:
- 0.236 Fib: $2.699
- 0.382 Fib: $2.267
- 0.5 Fib: $1.917
- 0.618 Fib: $1.568
- 0.786 Fib: $1.070
Currently, XRP is trading between the 0.382 and 0.5 levels, holding above the $1.91 zone, which historically serves as a strong institutional accumulation level. A…
The post XRP Price Prediction May 2025: Will Ripple Smash $3 or Crash to $1.70? appeared first on Coin Edition.
Read More