Kraken Observes XRP’s Struggle to Break Key Resistance Amid Market Recovery

As of May 20, 2025, XRP’s price shows signs of recovery but faces significant technical resistance. Trading above its 100-hour moving average, the cryptocurrency struggles to breach the $2.40-$2.45 range, with potential downside risks if it fails. This analysis delves into XRP’s current market dynamics and its underperformance compared to peers like Bitcoin and Ethereum.

XRP Price Faces Resistance Amid Recovery Attempt

XRP’s price action shows tentative recovery signs after dipping below $2.35, though technical barriers loom. The digital asset now trades above its 100-hour moving average but confronts a bearish trendline at $2.40 on the XRP/USD hourly chart. Market observers note the $2.45 level remains critical—failure to breach this resistance could trigger renewed downward momentum.

While Bitcoin and ethereum show relative strength, XRP underperformed with a descent to $2.2850 before partial recovery. The token’s ability to sustain above $2.32 suggests some buying interest, but the formation of lower highs signals persistent selling pressure. Kraken exchange data reveals weakening momentum as the asset struggles to regain lost ground.

Solana (SOL) Consolidates Gains as Traders Await Next Move

Solana’s price action shows resilience, rebounding from the $160 support level to establish a consolidation pattern above $168. The breakout past a bearish trendline at $167 on the SOL/USD hourly chart (Kraken data) signals potential upward momentum if the $172 resistance is decisively breached.

Market participants are watching for confirmation of a sustained uptrend, with SOL mirroring broader crypto market movements led by Bitcoin and Ethereum. The 50% Fibonacci retracement level of the prior downtrend has been reclaimed, suggesting renewed buying interest.