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Cryptocurrency News Articles
XRP Was Trading at $2.39 on May 18, 2025, with a Market Capitalization of $140 Billion
May 18, 2025 at 09:30 pm
On the one-hour chart, XRP is exhibiting a modest uptrend after bouncing off the $2.30 level.
XRP price is showing signs of a potential recovery as the crypto continues to find support at the $2.30 level and shows early signs of a return to bullish interest.
On the one-hour chart, XRP price has formed a small uptrend after bouncing off the $2.30 level. The crypto is making higher lows and has seen good volume on the bullish candles, which signals that the buyers are returning. Local resistance is still in sight at $2.407, and a breakout above this key level on good volume would be needed to confirm that the short-term trend is shifting bullish.
For aggressive traders, an entry above $2.407 with a take profit at $2.45 to $2.48 and a stop loss at $2.35 is possible. More conservative traders might prefer to wait for a pullback to the Fib level at $2.37 to $2.38 with a take profit at $2.42 and a stop loss at $2.35.
The four-hour chart shows that XRP price is currently in a state of consolidation after a recent drop from the peak of $2.656. The crypto has tested the $2.30 level twice and bounced off it, which might indicate strong foundational support. The price is also slowly moving up, which could be an indication that the trend is changing.
The lower timeframe charts show that the crypto's momentum is still weak but improving. A breakout above the Fib level at $2.42 would be needed to validate the shift in trend. For traders who prefer to enter in a positive zone, they might want to consider an entry point at $2.40 to $2.42 with a take profit at $2.50 and a stop loss at $2.34.
On the daily chart, XRP price broke out to $2.656 but has since pulled back and is now consolidating above the crucial Fib support zone of $2.30. This move seems to be driven by short-term profit-taking rather than fundamental weakness, especially since the trading volume surged during the rally and then decreased, which might indicate temporary exhaustion.
The current price structure suggests that the asset is forming a base, potentially setting the stage for another move upward. A daily close above $2.40, accompanied by a return of volume, would likely invite bullish interest, setting a potential price target in the $2.60 to $2.65 range.
The oscillators are showing mixed but generally neutral signals. The relative strength index (RSI) is at 55.34169, which indicates that there is balanced buying and selling pressure. The Stochastic oscillator and the commodity channel index (CCI) are also neutral at 51.51666 and 38.06661, respectively.
The average directional index (ADX) at 19.59424 is showing a weak trend, while the Awesome oscillator at 0.18614 is neutral. Notably, momentum shows a negative signal at 0.06870, which advises caution, whereas the moving average convergence divergence (MACD) level at 0.06739 offers a positive signal, hinting at latent bullishness.
The moving averages are mostly bullish across all timeframes. The exponential moving average (EMA) values from 10 to 200 periods are all below the current price, which indicates that there is upward momentum, except for the 10-period simple moving average (SMA) at $2.43790, which is issuing a bearish signal.
Conversely, the simple moving average (SMA) values for the 20, 30, 50, 100, and 200 periods are supportive of a continued uptrend, all suggesting buy conditions. This alignment of moving averages underscores the technical strength in XRP's broader price structure and provides a bullish underpinning should volume and momentum confirm the trend.
Overall, the consistent support at $2.30, the formation of higher lows on the lower timeframes, and the broad alignment of exponential and simple moving averages in buy territory suggest that the uptrend is structurally sound. If volume returns and XRP breaches $2.41 with good follow-through, the path to retesting $2.60–$2.65 remains open in the short term.
However, despite the bullish setups, XRP's lack of decisive momentum and the neutral oscillator readings—including a negative signal from the momentum indicator—suggest that the rally might be fragile. A failure to clear $2.41 or a drop below $2.30 could expose XRP to deeper consolidation or a bearish reversal toward prior support levels.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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