“Institutional Buyers Step in After Sharp Sell-Off, Establishing Strong Support at Critical Levels.”, – WRITE: www.coindesk.com
After experienceing a significant Dip to $ 2.307 on High Volume, XRP HAS ESTABLISHED an upward Tradecytory with Higher Lows, Suggesting Continued Momentified Momentified Momenta
Technical Indicators Point to A Potential Bullish Breakout, with Multiple Analysts Highlighting Critical Support at $ 2.35- $ 2.40 that Must Hold for Upward Continination.
Technical Analysis Highlights
- Price Experienced A 3.76% Range ($ 2.307- $ 2.396) Over 24 Hours with a Sharp Sell-Off at 16:00 Dropsing To $ 2.307 on High Volume (77.9M).
- Strong Support Emerged at $ 2.32 Level with Buyers Stepping in Dringing High-Volume Periods, Particularly Dringing The 13: 00-14: 00 Recovery.
- Asset Established Upward Tradery, Forming Highher Lows from The Bottom, with Resistance AROUND $ 2.39 TESTED DURING 07:00 SESSION.
- In the Last Hour, XRP Climbed from $ 2.358 to $ 2.368, Representing A 0.42% Gain With Notable Volume Spikes at 01:52 and 01:55.
- Price Surged Past Resistance at $ 2.36 to Reach $ 2.366, Later Establishing New Local Highs at $ 2.369 Durying 02:03 Session on Substantial Volume (539.987).
- Currently Maintening Strenguth Above $ 2.368 Support Level with Decreasing Volatility Suggesting Potential Continuation of Upward Tradery.
Disclaimer: This Article Was Generated with Ai Tools and Review by Our Editorial Team to Ensure Accucy and Adhesion to Our Standards. For more information, See Coindesk’s Full Ai Policy. This Article May Include Information from External Sources, Which Are Listed Below Who Applicable.
External References
- “XRP PRICE PATH TO $ 3.40 REMAINS INTACT – HERE IS WHY”, Cointelegraph, Published May 16, 2025.
- “Xrp Price Watch: Bulls Eye $ 2.60 As Long-Trend Holds”, Bitcoin.com News, Published May 17, 2025.
- “Xrp Price Explosion to $ 5.9: Current Consolidation Won’t Stop XRP from Growing”, Newsbtc, Published May 17, 2025.
