- XRP sees a short -term decline to $ 1.90 before going up again.
- $ 2.25 remains an important resistance mark for one possible Outbreak.
XRP moves on a narrow path between correction and relaxation and the course commutes by $ 2.21, which corresponds to a 2 % decrease in daily basis. On May 1st show The technical Analyst Casitrades A crucial moment in the charts hin.
The course did not manage to recapture the $ 2.25 brand and now moves through a correction wave that pressed it towards $ 2.00 and could even drop to $ 1.90.
The analyzes show the growth of a corrective Elliott wave. The most recent increase up to the $ 2.25 mark is considered a completed underwelling B, and the market is currently ready for the case of the lower wave C.
This last movement of the test for the Fibonacci levels could be 0.5 and 0.618, which are near $ 1.90, an area that has not been explored since the last outbreak.
The overbought RSI on the daily and 4-hour chart was the first indication of the weakness of the market and thus signals that the sales pressure will be decreased shortly. While the short -term situation is declining, the general prospects have not changed.
The analyst expects positive results at $ 2.68 and $ 3.00, as long as XRP successfully breaks through the resistance at $ 2.25. The collapse of the symmetrical triangle pattern on the 4-hour chart is only the dominance of the local sellers, but is in line with the current analysis of the “last sale” in front of a substantial upward trend.
Acceptance in the arguments for XRP strengthens
The short -term price movement seems to be in a state of uncertainty. Nevertheless, the fundamental data are quite untouched and even improve. The cryptoanalyst recently pointed out John Squire die Connection from XRP with institutional infrastructure and global financial systems.
The benefits of XRP for global money transfer is real because it was approved in pilot programs in the United Arab Emirates, Japan and Singapore and was also included in the BIS Innovation Sandbox; This is exactly the opposite point if we compare the potential of meme-based coins with their current nature.
“$XRP is not dead. It’s loading.”
Here’s why $XRP could still be the biggest sleeping giant in crypto and why 99% aren’t ready for what’s coming.
I’ll break it all down in this thread
pic.twitter.com/7Lw0BYIpgN
— John Squire (@TheCryptoSquire) May 1, 2025
In addition, leading financial institutions, including Bank of America, Standard Chartered and American Express, were connected to the XRP Ledger.
These are not only partnerships on paper, they also represent an ongoing integration of the blockchain and traditional financial system. Through The establishment of the Ripple CBDC platform is indeed one of the most important and strongest candidates under the cryptocurrencies in the process of global introduction of digital finance.
In addition, the topic of XRP-ETF lives up again. After Bitcoin and Ethereum ETFs are already on the market, the new clarity could open the door for XRP ETFs when regulating. At the moment, the XRP course is still considered “boring”, but sales are increasing slowly, and the number of long-term investors too.
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