XRP Price Could See $1.50 Before Making New Highs As Investors Distracted By RTX
The post XRP Price Could See $1.50 Before Making New Highs As Investors Distracted By RTX appeared on BitcoinEthereumNews.com. XRP price is at a pivotal time as May 2025 unfolds. Investors are watching closely whether Ripple’s native currency is able to break away from its current consolidation. The token traded between $2.20 throughout the week. It recorded lateral price action as the Bitcoin rally to $96,300 has drawn broader market interest. Despite strong on-chain fundamentals and positive technical setup, more of the crypto space is now focusing on new altcoins with real-world uses, most notably Remittix (RTX). It is drawing high capital inflows and investor interest away from legacy tokens like XRP. Let us find out why. XRP Price Shows Sideways Drift and the Potential for a $1.50 Retest The XRP price has been ranging in a narrow band. It showed little upward momentum even as the overall crypto market flashed bullish signs. Technical analysis shows that the 50-day and 200-day moving averages on the four-hour and weekly charts are sloping higher. Yet, the daily chart remains bearish, with the 50-day average falling below the current level. This mixed picture suggests that XRP is susceptible to a short-term decline before any significant breakout. Price forecasts for May 2025 indicate XRP can slump to as low as $1.66. There could be an average XRP price of $1.96, with the possibility of a high of $2.29. However, if bear sentiment sustains, XRP could retest the $1.50 support level before new highs can be attempted. Many analysts believe in the possibility of a bullish end to 2025. The resolution of Ripple vs. the SEC and investor capital flowing into competing projects could drive the bullish trend. Furthermore, XRP is one of the most actively traded assets, with a daily volume of $1.48 billion. It also has a strong supply-demand mechanism. For now, however, the path to new highs appears to include some…
The post XRP Price Could See $1.50 Before Making New Highs As Investors Distracted By RTX appeared on BitcoinEthereumNews.com.
XRP price is at a pivotal time as May 2025 unfolds. Investors are watching closely whether Ripple’s native currency is able to break away from its current consolidation. The token traded between $2.20 throughout the week. It recorded lateral price action as the Bitcoin rally to $96,300 has drawn broader market interest. Despite strong on-chain fundamentals and positive technical setup, more of the crypto space is now focusing on new altcoins with real-world uses, most notably Remittix (RTX). It is drawing high capital inflows and investor interest away from legacy tokens like XRP. Let us find out why. XRP Price Shows Sideways Drift and the Potential for a $1.50 Retest The XRP price has been ranging in a narrow band. It showed little upward momentum even as the overall crypto market flashed bullish signs. Technical analysis shows that the 50-day and 200-day moving averages on the four-hour and weekly charts are sloping higher. Yet, the daily chart remains bearish, with the 50-day average falling below the current level. This mixed picture suggests that XRP is susceptible to a short-term decline before any significant breakout. Price forecasts for May 2025 indicate XRP can slump to as low as $1.66. There could be an average XRP price of $1.96, with the possibility of a high of $2.29. However, if bear sentiment sustains, XRP could retest the $1.50 support level before new highs can be attempted. Many analysts believe in the possibility of a bullish end to 2025. The resolution of Ripple vs. the SEC and investor capital flowing into competing projects could drive the bullish trend. Furthermore, XRP is one of the most actively traded assets, with a daily volume of $1.48 billion. It also has a strong supply-demand mechanism. For now, however, the path to new highs appears to include some…
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