XRP Price To Crash 30% If This Happens
Vignesh S G22 May 20253 min read
XRP is holding steady above a crucial support level of $2.25, signaling underlying bullish strength despite the broader market correction. However, the ongoing battle at the $2.69 resistance continues to weigh on investor sentiment and casts doubt on an immediate breakout.
XRP Price Analysis
Crypto analyst CasiTrades recently pointed out on X that XRP has successfully bounced off the 0.5 Fibonacci retracement level at $1.90 and reclaimed the 0.382 level at $2.25, showing signs of bullish momentum. However, he also noted that XRP has yet to form a new local high, a key signal for confirming a trend reversal.
“XRP is holding $2.25 and building structure, but needs a breakout above $2.69 to confirm a bullish trend,” – CasiTrades
When Will XRP Price Go Up?
Technical analysis shows that XRP faces a strong resistance at $2.69, a level it has failed to break several times. On May 12, XRP reached $2.65 but fell short, and on May 14, another attempt was met with heavy selling pressure. Between May 14–17, the price dropped by over 8.85%, highlighting ongoing market uncertainty.
As long as XRP trades below $2.69, analysts warn that a downside move toward $1.50 remains on the table.
What Next For Ripple (XRP)?
According to CasiTrades, XRP is currently in a Wave 4 consolidation phase, which typically signals sideways movement as the market builds structure. This phase suggests a potential setup for a strong move—up or down.
In the past 24 hours, XRP posted a modest 0.8% gain, with a daily close at $2.3950, after briefly pushing above a short-term resistance at $2.375. However, at the time of writing, XRP is trading slightly below that level again.
Key Levels to Watch
- Support: $2.25
- Short-term Resistance: $2.375
- Major Resistance: $2.69
- Downside Risk: $1.50
The analyst emphasized that holding above $2.375 is crucial for any continued upside. A breakdown below this level could trigger another retest of the $2.25 support—and possibly lower.
Conclusion: XRP’s price action remains at a critical juncture. While bulls are defending key levels, the lack of a breakout above $2.69 continues to limit upside potential. If momentum builds, XRP could target a new high—but if support fails, traders should be prepared for a dip toward $1.50.
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FAQs
- XRP could hit a new high if it breaks $2.69 with strong momentum. Continued institutional adoption and market trends may drive it to $3.46.
