Tl; DR
- Ripple's cross -border token won an impressive 30% increase in the accident last time, but an important technical indicator suggests that there could be a correction on its way.
- For the moment, XRP remains in a tight beach between a key resistance and a critical support line.
Remember the developments that took place a month ago when the whole cryptography market plunged hard among the growing tensions on the trade war between the United States and essentially the rest of the world.
Quick advance per month, and the political situation seems much better, with information that the United States and China are planning to come together soon concerning the remaining prices. Naturally, the prices of cryptography have reacted to all developments.
A month ago, XRP plunged $ 1.6 but is now above $ 2.1. However, sequential TD on the 3 -day scale refers to an upcoming correction. The metric, used to present the exhaustion of an asset in both directions, has flashed a sales signal, according to the popular analyst of Crypto Ali Martinez.
$ XRP This might be due for a retrace, the sequential TD flashing up a sales signal on the 3 -day graphic! pic.twitter.com/onzcdjtush
– Ali (@ali_charts) May 7, 2025
Despite the brief shift below $ 2 a month ago, XRP remained mainly above this level. While some analysts believe that such a price is an “absolute gift”, Martinez has underlined several times how important it is for $ 2 to stay as a support instead of transforming into resistance if XRP slides below.
In an article separated today, the analyst with more than 135,000 subscribers on X also described the upper limit in the current XRP negotiation range – $ 2.26. The asset is currently almost in the middle of the two lines ($ 2.14), without a clear indication of the next big movement. Martinez said that more clarity will come each time XRP firm decisively below $ 2 or more than $ 2.26.
Key levels to monitor $ XRP are $ 2 and $ 2.26. A decisive closure outside this range could set the tone for the next major trend. pic.twitter.com/gvbd4bfdjj
– Ali (@ali_charts) May 6, 2025
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