XRP Price Watch: Bulls Eye $2.60 as Long-Term Trend Holds
Markets and Prices
Jamie Redman
XRP Price Watch: Bulls Eye $2.60 as Long-Term Trend Holds
XRP is currently trading at $2.35 with a market capitalization of $138.14 billion and a 24-hour trading volume of $58.62 billion. The digital asset experienced an intraday price range between $2.33 and $2.43, reflecting notable intraday volatility amid mixed technical signals.
XRP Price Watch: Bulls Eye $2.60 as Long-Term Trend Holds
XRP
On the 1-hour chart, XRP shows signs of a clear pullback, with the price structure forming lower highs and lower lows. This short-term bearish trend indicates a weakening in bullish momentum, particularly as the $2.31 support level has been repeatedly tested. If this level fails to hold, XRP could drop toward the $2.20 zone. The volume profile supports this cautionary outlook, with red volume bars outweighing green in recent sessions, suggesting that sellers are dominating the current momentum.
XRP Price Watch: Bulls Eye $2.60 as Long-Term Trend Holds
XRP/USDC via Binance 1H chart on May 17, 2025.
The 4-hour chart similarly paints a bearish picture, with XRP maintaining a downtrend below a critical resistance point of $2.44. This time frame reveals a potential lower high formation, underscoring continued short-term weakness. The pair previously peaked near $2.656 before entering a corrective phase. Although large green volume spikes preceded the drop—suggesting initial institutional interest—follow-through has been weak, with sellers pressing prices lower. If the price closes below $2.30, the next support to watch lies closer to $2.20.
XRP Price Watch: Bulls Eye $2.60 as Long-Term Trend Holds
XRP/USDC via Binance 4H chart on May 17, 2025.
The daily chart, however, maintains a more structurally bullish outlook despite recent downward pressure. XRP has formed higher highs and higher lows over a broader time horizon, consistent with a weakening uptrend. A daily close above the $2.40–$2.45 resistance zone on significant volume would reinstate bullish confidence and open the door for a move toward previous highs near $2.60. Key to this scenario is the ability of buyers to hold the $2.30 support level, which remains a pivotal area for future price action.
XRP Price Watch: Bulls Eye $2.60 as Long-Term Trend Holds
XRP/USDC via Binance 1D chart on May 17, 2025.
Oscillators are showing a largely neutral stance, underscoring the current market indecision. The relative strength index (RSI) reads 52.73389, the Stochastic stands at 50.66967, and the commodity channel index (CCI) is at 22.90536—all indicating a balanced momentum profile. The average directional index (ADX) at 20.27480 suggests a weak trend strength. The Awesome oscillator registers 0.22143, also in neutral territory. The momentum, however, signals negativity, while the moving average convergence divergence (MACD) level at 0.07107 presents a bullish signal, hinting at a possible divergence between momentum and trend-following indicators.
Moving averages (MAs) present a mixed yet mildly bullish outlook. Both the exponential moving average (EMA) and simple moving average (SMA) for the 10-period frame show sell signals, with values at $2.39179 and $2.43053, respectively, indicating near-term weakness. Conversely, all other EMAs and SMAs from the 20-period to the 200-period offer buy signals. This alignment suggests that while short-term pressure is evident, the broader trend remains positive, provided key supports are maintained. The exponential moving average (200) at $2.03875 and simple moving average (200) at $2.17692 are particularly supportive of the longer-term bullish bias.
Bull Verdict:
XRP remains structurally bullish on the daily chart, with higher lows and institutional buying interest providing a foundation for recovery. If the asset holds the $2.30 support and reclaims the $2.40–$2.45 resistance zone on rising volume, it could resume its uptrend toward $2.60 and beyond, reinforcing longer-term bullish momentum.
Bear Verdict:
Despite a broader uptrend, short-term charts show significant weakness, with both the 1-hour and 4-hour timeframes in clear downtrends. Failure to defend the $2.30 support could trigger a deeper retracement toward $2.20 or even $2.10, confirming a bearish short-term scenario driven by fading momentum and growing sell volume.
Welcome to Billionaire Club Co LLC, your gateway to a brand-new social media experience! Sign up today and dive into over 10,000 fresh daily articles and videos curated just for your enjoyment. Enjoy the ad free experience, unlimited content interactions, and get that coveted blue check verification—all for just $1 a month!
Account Frozen
Your account is frozen. You can still view content but cannot interact with it.
Please go to your settings to update your account status.
Open Profile Settings