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Bearish Phase is Over, Next Target $3
By: bitcoin ethereum news|2025/05/14 14:15:04
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XRP price has increased by more than 3% in tha last 24 hours and is now trying to climb above the important $2.60 level. According to analyst Josh, XRP is showing strong signs of a bullish trend right now. A bearish signal that had been hanging over the market for months has finally been invalidated. Since the start of the year, analysts were watching a bearish divergence play out — but now, XRP’s RSI on the 3-day chart has made a higher high. That’s a clear sign the bearish phase is over, and the market can start expecting more positive momentum ahead. XRP Price Analysis: On the daily chart, things look even better. XRP has officially broken out above a key resistance level at around $2.46. This daily candle close above resistance confirms the breakout and signals the start of a new bullish trend. In other words — XRP is no longer stuck in a downtrend and is starting to move upward again. The next important price levels to watch as possible resistance points are $2.60, $2.77, $2.95, $3.15, and $3.30. As for support, the old resistance line at $2.45–$2.46 is now expected to act as a new support zone. Overall, the XRP price chart is flashing bullish signals. The market has cleared out the earlier negative patterns, confirmed a breakout, and regained momentum. If Bitcoin and the broader crypto market also stay bullish, it could give XRP and other altcoins an extra boost in the coming days. Are Sellers Being Absorbed on Binance? XRP futures trading is showing signs of life again, with open interest rising after a sharp drop, hinting at growing trader interest and possible volatility ahead. The market is currently balanced, but short positions are quietly increasing while XRP’s price holds steady — a sign that sellers might be getting absorbed by bigger buyers. Despite heavy selling pressure, the price isn’t dropping much, suggesting quiet accumulation. If this continues, it could be an early sign of a strong bullish breakout coming soon. Source: https://coinpedia.org/news/xrp-price-prediction-for-may-14/
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