XRP is holding firm just above its rising trendline support, currently consolidating near $2.08. Price action on the daily chart suggests buyers are gradually regaining control after a multi-week correction.
XRP is trading between support at $2.05 and resistance at $2.23—which also aligns with the 50-day EMA ($2.21). This area remains a critical pivot. The trendline from March lows around $1.61 continues to act as a solid base for higher lows.
A clean breakout above $2.23 could open the path toward $2.33, followed by $2.58. However, if $2.05 fails to hold, the bullish structure may break down in the short term.
MACD Crossover Hints at Reversal
The MACD just flipped bullish, with the MACD line crossing above the signal line—marking a green histogram for the first time in weeks.
Key Levels to Watch:
RSI: Neutral, trending upward Resistance: $2.23 (50 EMA), $2.33, $2.58 Support: $2.05, $1.92, $1.78 MACD: Bullish crossover confirmedThe Relative Strength Index (RSI) hovers just below 50, reflecting neutral conditions and room for upside. A close above $2.23 would likely push RSI into bullish territory, confirming renewed momentum.
Ripple ETF Buzz Fuels Long-Term Bull Case
Beyond charts, the narrative surrounding XRP continues to strengthen. Anticipation over a potential Ripple ETF approval has attracted investor interest, with projections of over $8 billion in inflows if greenlit.
The decision is expected by May 22, and any sign of approval could catalyze a surge in demand, sending XRP toward the $6–$15 range over the coming months.
The Teucrium leveraged XRP ETF has already raised $27M, hinting at real appetite among funds. All eyes are on the May 22 SEC decision—a pivotal date for XRP.
In Summary:
XRP is coiling above trendline support and needs to clear $2.23 to extend gains. MACD has flipped bullish, and RSI is showing early signs of a shift. Institutional narratives and ETF anticipation provide strong fundamental backing. Watch for a daily candle close above $2.23 with strong volume to confirm breakout.Bottom Line: If bulls hold the $2.05–$2.08 zone, the next leg higher may be just around the corner.
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