XRP Price Prediction for May 7: Will Support at $2.10 Hold Amidst Bearish Momentum?

XRP price today remains under pressure after failing to hold above the $2.18 resistance, slipping below key moving averages and testing a critical horizontal demand zone. Despite broader crypto resilience, XRP price action has remained sluggish, with no meaningful breakout since early May. Traders are now eyeing whether the $2.08–$2.10 support can cushion the ongoing slide or if deeper retracements lie ahead. Trendline Breaks and Consolidation: What’s Happening with XRP’s Price? XRP/USD price dynamics (Source: TradingView.) The XRP price on the 4-hour chart reveals a clear rejection from the $2.24 zone—aligned with both the 0.236 Fibonacci level and the upper Bollinger Band. This rejection was followed by a downward slope beneath the 20, 50, and 100 EMAs, which all converge near $2.17–$2.18, now acting as short-term resistance. A bearish pennant breakdown on the 30-minute chart further accelerates downside pressure, confirming the loss of bullish momentum. Support between $2.08 and $2.10 is holding for now, bolstered by an earlier demand cluster and the 0.382 Fibonacci retracement (approx. $2.07) from the April impulse move. A breach below this level co… The post XRP Price Prediction for May 7: Will Support at $2.10 Hold Amidst Bearish Momentum? appeared first on Coin Edition .

Source: Coin Edition