$XRP Technical outlook: A cliffhanger for XRP’s price prediction
Ripple Foundation’s token is on edge. The MACD flashed a bearish crossover on May 20, and the RSI has dropped below 50, signaling increased selling pressure. The chart shows a bear flag forming, hinting at a possible 55% fall to $1.00 if support gives way. Still, the SuperTrend holds at $2.17, acting as a key support zone.
Zooming out, the longer-term view offers hope. A falling wedge is close to completion. If XRP’s price prediction breaks above $2.42 and clears the wedge, it could target $3.40. The RSI rising from 31 to 47 shows that buyers are slowly coming back.
XRP is at a critical point. Bulls need to defend key levels to avoid a breakdown. A move higher could shift momentum fast.
ETF buzz adds fire to Ripple Foundation’s bullish outlook
The biggest wildcard for XRP’s price prediction right now is a spot ETF. The SEC has started reviewing WisdomTree’s XRP Trust, kicking off a 240-day window with 21 days for public comment.
This news sparked major excitement in the XRP community. On Polymarket, approval odds jumped to 84%, up from 63% last month. Bloomberg analysts put the chances at 85%.
A green light could bring in waves of institutional cash. XRP might break past $3 quickly, with $8 in sight for 2025. Some even see $50 down the line if giants like BlackRock jump in and invest in Ripple Foundation.
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