- XRP holds firm above $2 despite market dips, signaling ongoing investor confidence
- Whale moves 75M XRP to Crypto.com, sparking sell-off fears and speculation
- MACD and RSI hint at weakening momentum as XRP approaches critical resistance
XRP continues to demonstrate resilience in a volatile crypto market, with prices holding firm above the $2 mark. As of press time trading at $2.33, XRP has shown a slight 0.25% gain over the last 24 hours.
However, its weekly chart reflects an 8.14% decline, revealing ongoing market uncertainty. Despite the dip, analysts EGRAG CRYTPO remain optimistic, pointing to critical resistance levels at $2.61 and $2.65. Breaking above these could trigger a fresh bullish rally.
#XRP – Still Holding Strong! 💪:
— EGRAG CRYPTO (@egragcrypto) May 20, 2025
The momentum is there, and the key upward targets remain $2.61 and $2.65! 🎯 These levels are crucial resistance points to watch — breaking above them could pave the way for a new rally. 📈🔥#XRPFamily STAY STEADY AND STRONG, Together We Rise.… https://t.co/QalFZ5ohtN pic.twitter.com/3QpyT4CYBY
Whale Activity Sparks Speculation
A significant XRP transfer valued at over $178 million has stirred debate within the crypto community. According to Whale Alert, an anonymous wallet moved 75,220,590 XRP to an address linked to Crypto.com. The timing of this move, amid increased market volatility, has raised questions about institutional positioning or internal exchange reallocation.
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 75,220,590 #XRP (178,626,405 USD) transferred from unknown wallet to unknown wallethttps://t.co/nm8gbeEzqg
— Whale Alert (@whale_alert) May 19, 2025
Although the sender remains unidentified, XRPscan confirms the destination as a wallet tied to Crypto.com, a major global exchange. This development has triggered discussions, with many questioning whether the transfer was preparatory to a large sell-off or a strategic reshuffling of assets.
Technical Indicators Show Mixed Signals
While XRP’s price remains stable, technical indicators show mixed market sentiment. The MACD currently displays a positive histogram, but momentum is flattening. The recent bullish crossover indicates upward movement, but its strength appears to be fading.
Additionally, the Relative Strength Index (RSI) sits at 58.97. This level reflects mild bullishness but falls short of overbought territory. The RSI has largely stayed between 40 and 70, which suggests a consolidating trend without extreme sentiment.
Price Levels and Liquidation Data Offer Key Clues
Support for XRP appears solid around the $1.50 mark, with resistance forming close to $3.00. Notably, liquidation data reveals several major spikes, especially in early December, February, and mid-March. These periods aligned with sharp XRP price swings.
Long positions faced steep liquidations during price drops, while short liquidations rose during surges. Recently in May, increased volatility and liquidation volumes suggest a speculative environment. Traders should closely monitor XRP’s behavior near the $3.00 level, as a breakout could signify a major shift in momentum.
