2 Critical Warnings for Ripple’s (XRP) Price: Details

TL;DR Ripple’s cross-border token soared to $2.45 on Sunday, where it was violently rejected and pushed south to a key support level that could result in further losses if it’s lost. At the same time, a big whale with a substantial PnL has reduced their long XRP position. Back to $2? It was just this time last week when XRP’s price surged to a multi-month peak of almost $2.7. Although it was stopped there at first, the bulls initiated another leg up on Wednesday that resulted in touching $2.65. However, the breakout attempts saw little success, and the subsequent rejections pushed XRP down to $2.3 by Friday. The asset recovered some ground over the weekend and even challenged the $2.5 resistance during the brief Sunday pump in the entire market, where it was stopped once again. As of now, Ripple’s token is back to $2.3, which is a critical support level, according to Ali Martinez, that has already been tested on a couple of occasions in the past few weeks. If the asset breaks below it, though, the popular analyst predicted a further decline to $2, which is another key support line that has defended XRP numerous times since the start of the year. $XRP could return to $2 if it loses the critical $2.30 support! pic.twitter.com/s6ozUyGYRC — Ali (@ali_charts) May 18, 2025 Whale Watch Perps, an X account following big whales’ positions, informed that one such large market participant with an impressive PnL record has reduced their long XRP position, which could also be considered a bearish sign. A top trader by PnL on Hyperliquid just reduced their long $XRP position This user’s current position is long $54.96K of $XRP at an average price of $2.32. — Whale Watch Perps (@whalewatchperps) May 19, 2025 The Good News After the previous slip to $2.3, Martinez noted that XRP had flashed a buy signal on the hourly, according to the TD Sequential, which could mean a price reversal is on the horizon. Additionally, Xoom said on X that the market interest in XRP has been “reset,” given the rising number of Google searches for the asset in the past week after a prolonged period of downtrend. According to the X user, price breakouts appear in precisely such moments. Markets have reset their interest in XRP. Breakouts occur when most are least interested in price action/ bored. pic.twitter.com/F0W3f9is2g — xoom (@Mr_Xoom) May 19, 2025 The post 2 Critical Warnings for Ripple’s (XRP) Price: Details appeared first on CryptoPotato .

Source: Crypto Potato