XRP Price Analysis and Ripple Daily Updates

    By

    Mehraneh

    Mehraneh

    Let’s examine XRP price analysis, from downtrend channel to bullish flag, guided by MACD and RSI indicators.

    XRP Price Analysis and Ripple Daily Updates

    Quick Take

    Summary is AI generated, newsroom reviewed.

    • XRP demonstrated strong bullish momentum throughout the session, with multiple MACD golden crosses triggering upward breakouts, while bearish moves lacked follow-through.

    • Although RSI readings frequently entered overbought territory, signaling potential exhaustion, any resulting pullbacks were shallow and quickly reversed, maintaining the overall bullish trend.

    • As long as XRP holds above the key support level of $2.5000, it is likely to either consolidate or attempt another breakout above the $2.6000 resistance zone.

    As of May 14, XRP has maintained a bullish sentiment throughout trading hours, displaying clear upward trends and consistent breakout success toward set session targets. By contrast, bearish moves lost steam quickly, failing to build momentum or sustain significant downward pressure on price action. Then, an initial decline from a downward sloping channel proved short-lived before price firmly settled into a narrow trading range. Several MACD golden crossovers ignited consecutive bullish breakouts, each driving short momentum rallies and fresh emergence of distinct new patterns. RSI readings entered overbought zones multiple times, signaling possible swift pullbacks, yet the core bullish arrangement remained undisturbed. Despite a late-session failed breakout at resistance, XRP has sustained higher lows, suggesting ongoing upside potential or consolidation ahead.

    XRP/USDT M5 Chart: Analyzed by alioliyaee_f, published on Tradingview, May 14, 2025.

    Early in the session, XRP carved out a descending channel that broke down around 02:10 UTC. That bearish breakdown did not hold, as price action quickly flattened and formed a clear sideways range. Traders saw the session low at $2.4215, marking the base of this consolidation phase during early trading. At 04:30 UTC, a bullish MACD crossover propelled the price above the range, sparking a swift upward move. Inverse momentum pushed price into an ascending channel before a downward breach at 05:30 UTC. The breach then reversed into a range until a second golden MACD crossover triggered a downward channel at 09:15 UTC.

    XRP’s RSI Tops 70 as Breakouts Falter Mid-Session

    During the mid-session hours, XRP’s Relative Strength Index (RSI) climbed above 70 at 09:30 UTC, indicating overbought conditions often preceding either a reversal or corrective dip. A descending price channel initially led to an upside breakout around 12:30 UTC, but this move lacked strong follow-through. XRP soon entered a new consolidation zone, which broke downward at 14:00 UTC, reinforced by a bearish MACD death cross. Despite this bearish signal, the downward push lacked momentum, and price action reversed again, creating a fresh range bounded by resistance at $2.5725 and support at $2.5450.

    RSI Overbought Signal Hints at XRP Rally Exhaustion

    Later, at 19:15 UTC, XRP surged past this range as the MACD formed a bullish golden cross, propelling the price to a daily peak of $2.6050 and establishing a short-term resistance zone at $2.6. Another RSI breach above 70 at 19:40 UTC further suggested exhaustion in the rally. A converging triangle pattern developed and broke upward by 22:35 UTC, once again confirmed by a MACD golden cross. However, despite this bullish attempt, XRP failed to sustain momentum above the $2.6 threshold and pulled back. Overall, XRP exhibits a pattern where upside breakouts typically hit targets, while bearish moves struggle to persist. If XRP remains above $2.5, it could either consolidate or attempt another push beyond $2.6.

    XRP Holds Firm Above Key Support Amid Bullish Momentum

    XRP maintains its resilience and regularly hits projected upside breakouts while avoiding significant downward momentum shifts in trading sessions. During periods of overbought conditions, price retracements remain shallow, and rapid rebounds continually reinforce XRP’s prevailing bullish market outlook. A clear resistance area emerged near recent highs, and sustained strength above key support could trigger another bullish breakout. While the market may consolidate before attempting a breakout, momentum indicators and technical tools still favor active buyer engagement. Traders must monitor RSI exhaustion signals, yet market sentiment stays constructive provided XRP retains levels above critical support thresholds.

    Google News Icon

    Follow us on Google News

    Get the latest crypto insights and updates.

    Follow

    Loading more news...