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Ripple Price Analysis: Where’s XRP Going Next After Latest Rejection at the 100-Day MA?


Ripple Price Analysis: Where’s XRP Going Next After Latest Rejection at the 100-Day MA?

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AI Overview

XRP is trading at $1.37 as May ends after failing to sustain a breakout above the 100-day moving average (previously near $1.45), erasing gains from a promising corrective-cycle setup. A lower high on the BTC pair and loss of last week's support mean bulls must reclaim $1.45 and prior momentum for positive token performance, signaling a neutral-to-bearish technical outlook for this crypto.

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XRP is trading at $1.37 as May draws toward its final week, having erased every gain from what briefly looked like the most promising technical setup of the corrective cycle. The breakout above the 100-day MA on the USDT chart has failed to hold, and a lower high has formed on the BTC pair. The levels that looked like support last week are now the targets that bulls need to reclaim just to get back to where they started.

Ripple Price Analysis: The USDT Pair

The USDT pair’s daily timeframe setup looked compelling last week. The asset was pressing the upper boundary of the long-term descending channel and holding above the 100-day moving average at around $1.45, with an RSI climbing toward 65.

Read the article at CryptoPotato

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Coins

$ 64.31K

+0.53%

$ 1.11

+0.94%

$ 0.99930

+0.01%

$ 0.00187

+3.70%

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In This News

Coins

$ 64.31K

+0.53%

$ 1.11

+0.94%

$ 0.99930

+0.01%

$ 0.00187

+3.70%

Funds

Predictions Markets

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View analytics →
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