Currently, XRP is priced at $2.1639. The cryptocurrency is in a state of uncertainty, with traders anticipating price changes.
XRP Price Predictions
XRP broke out of its consolidation phase on April 27 and is now attempting to rally closer to resistance at $2.39. Currently, XRP is trading 15% under its target resistance at $2.50, which corresponds to the 50% Fibonacci retracement level from the decline from the peak of $3.40 to a low of $1.61.
Technical indicators on the daily price chart support a bullish thesis for XRP. The Relative Strength Index (RSI) is above 54, while the MACD is displaying green histogram bars.
The $3 level remains a key target for XRP in May 2025.
XRP Derivatives Data Analysis
Data from Coinglass shows that XRP volume is up 24%, while open interest has decreased by less than 1% over the past 24 hours. The long/short ratio is below 1, indicating a lack of optimism among traders.
Derivatives analysis suggests that cautious buyers should proceed carefully when opening positions in XRP due to the current market uncertainty.
On-Chain Analysis and Predictions
XRP whale transactions valued at $100,000 and higher have declined, typically signaling a loss of interest. However, aggregate funding rates for XRP show positive values, supporting the thesis that there is interest in the token.
A positive funding rate established on May 1 after two consecutive days of negative values in April is considered a bullish sign for the token in the short term.
The current situation with XRP shows mixed signals, and further price movement depends on market conditions and regulatory decisions.
