Crypto Potato 2025-05-07 05:43:52

Critical Warning for Ripple’s (XRP) Price After 30% Monthly Surge: Details

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 .

Enim loetud uudised

US-China trade deal ‘just another BS win’ for...
2025-05-12
What to expect in the week ahead for the altc...
2025-05-12
Strategy buys $1.34b more Bitcoin, total hold...
2025-05-12
Steak ‘N Shake supports Bitcoin payments in t...
2025-05-12
Fake AI Tools Used to Spread Noodlophile Cryp...
2025-05-12
VENICE TOKEN PRICE ANALYSIS & PREDICTION (May...
2025-05-12
US Stock Rise: Coinbase Leads with 4.21% Gain...
2025-05-12
Max Keiser and Conor McGregor Suggest Ireland...
2025-05-12

Seotud uudised

Altcoins Watch: Pi Coin Breaks 2-Month Streak, Moo...
12 May 2025
This XRP Whale Knows Something Big Is Coming. Here...
12 May 2025
Here’s what happened in crypto today
12 May 2025
Trump sons' American Bitcoin to merge with Gryphon...
12 May 2025
JPMorgan’s Astonishing $1.7B Bitcoin ETF Holdings...
12 May 2025
SKI MASK CAT PRICE ANALYSIS & PREDICTION (May 12)...
12 May 2025

Loe lahtiütlusest : Kogu meie veebisaidi, hüperlingitud saitide, seotud rakenduste, foorumite, ajaveebide, sotsiaalmeediakontode ja muude platvormide ("Sait") siin esitatud sisu on mõeldud ainult teie üldiseks teabeks, mis on hangitud kolmandate isikute allikatest. Me ei anna meie sisu osas mingeid garantiisid, sealhulgas täpsust ja ajakohastust, kuid mitte ainult. Ükski meie poolt pakutava sisu osa ei kujuta endast finantsnõustamist, õigusnõustamist ega muud nõustamist, mis on mõeldud teie konkreetseks toetumiseks mis tahes eesmärgil. Mis tahes kasutamine või sõltuvus meie sisust on ainuüksi omal vastutusel ja omal äranägemisel. Enne nende kasutamist peate oma teadustööd läbi viima, analüüsima ja kontrollima oma sisu. Kauplemine on väga riskantne tegevus, mis võib põhjustada suuri kahjusid, palun konsulteerige enne oma otsuse langetamist oma finantsnõustajaga. Meie saidi sisu ei tohi olla pakkumine ega pakkumine