TL;DR
- Ripple’s cross-border token notched an impressive 30% surge from the crash this time last month, but an important technical indicator suggests that there might be a correction on its way.
- For now, XRP remains within a tight range between a key resistance and a critical support line.
Recall the developments that took place a month ago when the entire crypto market plunged hard amid the escalating tensions on the Trade War front between the US and essentially the rest of the world.
Fast-forward a month, and the political situation seems a lot better, with reports that the US and China plan to meet soon regarding the remaining tariffs. Naturally, crypto prices have reacted to all developments.
A month ago, XRP plunged to $1.6 but now sits above $2.1. However, the TD Sequential on the 3-day scale hints at an upcoming correction. The metric, used to showcase an asset’s exhaustion in either direction, has flashed a sell signal, according to popular crypto analyst Ali Martinez.
$XRP could be due for a retracement, with the TD Sequential flashing a sell signal on the 3-day chart! pic.twitter.com/onZCDJTusd
— Ali (@ali_charts) May 7, 2025
Despite the brief slip below $2 a month ago, XRP has remained predominantly above that level. While some analysts believe that such a price is an ‘absolute gift,’ Martinez has highlighted multiple times how important it is for $2 to remain as support instead of turning into resistance if XRP slips below it.
In a separate post today, the analyst with over 135,000 followers on X also outlined the upper boundary in XRP’s current trading range – $2.26. The asset currently sits roughly in the middle of the two lines ($2.14), with no clear indication of the next big move. Martinez said more clarity will come whenever XRP decisively closes below $2 or above $2.26.
Key levels to watch for $XRP are $2 and $2.26. A decisive close outside this range could set the tone for the next major trend. pic.twitter.com/GvBd4bFdjj
— Ali (@ali_charts) May 6, 2025
The post Critical Warning for Ripple’s (XRP) Price After 30% Monthly Surge: Details appeared first on CryptoPotato.
XRP is slightly up on the day, but there could be trouble on the horizon. Crypto Bits, Crypto News, XRPBTC, XRPUSD, Ripple (XRP) Price
This articles is written by : Nermeen Nabil Khear Abdelmalak
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