XRP Price Prediction as It Breaks Above Previous RSI Highs

By: bitcoin ethereum news|2025/05/12 10:00:13
0
Share
copy
XRP price recorded a slight dip today and is down by more than 1% at the time of writing. According to analysts, XRP is showing early signs of a bullish turnaround and it has also broken above a previous high in Relative Strength Index (RSI). This, according to analyst Josh of Crypto World, could mean the end of the bearish trend. Additionally, if Bitcoin, Ethereum and other altcoins also continue to rise, XRP could make a bigger move. XRP Important Price Targets: XRP is facing resistance around $2.45 to $2.46, an important level within a downward-trending price channel. While there was an attempt to break through this resistance, a confirmed breakout hasn’t happened yet. Until that happens, short-term resistance is expected to hold. On the support side, XRP could find short-term buying interest around $2.31 to $2.33. Below that, additional support lies near $2.17, and even stronger support is expected between $2.05 and $2.10 if prices fall further. XRP Elliott Wave Analysis A key pattern visible on the chart is a triangle that formed after the 2017-2018 peak. This triangle likely ended with a breakout to the upside, starting a fifth wave that has pushed XRP much higher—an aggressive move that aligns with how these patterns typically behave. XRP has formed what looks like a five-wave rally from its April 7 low, potentially completing the first wave of a new uptrend. The price recently hit around $2.46, which matches projections. While a further push toward $2.56 or even $2.68 is possible, there’s no confirmation yet that the wave has topped. If the price falls below $2.26, it could signal the start of a corrective wave (wave 2). Source: https://coinpedia.org/news/xrp-price-prediction-as-it-breaks-above-previous-rsi-highs/

-- Price

--

You may also like

The encrypted unicorn Blockstream is deeply embroiled in a serious fraud case

As a mining note product aimed at investors, it inherently carries significant risks. This leaves considerable room for further explanation regarding BMN's actual scale, use of funds, sources of income, and governance disclosures.

How xBubble Breaks the Deadlock in VC's Heavy Investment in the OPC Economy

DAPPOS launched xBubble, using the innovative model of "SOP is business" to solve the challenges of implementing AI Coding, allowing OPCs who do not understand technology to create a real business closed loop with zero threshold.

Dragonfly partner Haseeb: The fastest-growing companies in the future may all be stuck at 149 people

The pricing of large models is actually an "AI tax": it shackles large enterprises with computing power constraints, slows down automation, but turns subscriptions into a subsidy for small teams' innovative dividends. By capping the scale at under 149 people, startups can continuously experiment wit...

Morning Report | Former Ethereum Foundation researcher establishes Ethlabs; EU Parliament Economic Committee passes digital euro regulatory proposal

Overview of Important Market Events on June 23

Interview with NDV Founder Jason Huang: Popping the AI Bubble and the Myth of Microstrategy, Seeking the Ultimate Ace in the Crypto Market

Exclusive Interview with NDV Founder Jason Huang: MicroStrategy's coin selling triggered a stampede, BTC has fallen into a liquidity squeeze, and the current market has not yet bottomed out, patiently waiting for a "FTX-level" iconic panic event to clear.

Morning Report | The South Korean Financial Services Commission plans to expand the regulatory sandbox to include virtual assets; the parent company of the New York Stock Exchange, ICE, has reached a partnership with OKX to jointly establish a cryptocu...

Overview of Important Market Events on June 22

Contents

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com