BTCC / BTCC Square / Newsbtc /
XRP Defies Dip—Bulls Dig In as Support Holds Strong

XRP Defies Dip—Bulls Dig In as Support Holds Strong

Newsbtc
Author:
Newsbtc
Release Time:
2025-05-15 04:08:53
0

XRP’s price stumbles but doesn’t collapse—traders are treating this pullback like a Black Friday sale on digital optimism.

Key levels hold: The 2025 bull run isn’t surrendering without a fight. Watch for institutional money playing ’catch-up’ with retail gamblers—as usual.

Bottom line: Until support cracks, this is just another ’healthy correction’ in crypto’s never-ending rollercoaster. (And if it drops further? Well, ’fundamentals’ never stopped a true believer.)

XRP Price Corrects Some Gains

XRP price remained supported above the $2.420 level and started a fresh upward wave, like Bitcoin and Ethereum. The price was able to surpass the $2.50 and $2.550 levels.

The bulls pushed the price above the $2.60 resistance zone. Finally, it tested the $2.650 zone. A high was formed at $2.650 before there was a pullback. The price dipped below $2.550 and the 50% Fib retracement level of the upward MOVE from the $2.4220 swing low to the $2.650 high.

Besides, there was a break below a key bullish trend line with support at $2.550 on the hourly chart of the XRP/USD pair. The price is now trading above $2.50 and the 100-hourly Simple Moving Average.

XRP Price

On the upside, the price might face resistance near the $2.550 level. The first major resistance is near the $2.580 level. The next resistance is $2.60. A clear move above the $2.60 resistance might send the price toward the $2.650 resistance. Any more gains might send the price toward the $2.720 resistance or even $2.750 in the near term. The next major hurdle for the bulls might be $2.880.

More Losses?

If XRP fails to clear the $2.580 resistance zone, it could start another decline. Initial support on the downside is near the $2.510 level and the 61.8% Fib retracement level of the upward move from the $2.4220 swing low to the $2.650 high. The next major support is near the $2.480 level.

If there is a downside break and a close below the $2.480 level, the price might continue to decline toward the $2.450 support. The next major support sits near the $2.420 zone.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level.

Major Support Levels – $2.510 and $2.480.

Major Resistance Levels – $2.60 and $2.650.

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.

|Square

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users