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XRP Price Prediction For May 02: Charts Show Mid-Term Bearish Pressure

Munene Timothy by Munene Timothy
May 1, 2025
in News, XRP News
Reading Time: 4 mins read
XRP Price Prediction For May 02
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  • XRP trades between $2.00 and $2.50 with stable volume, suggesting consolidation and potential accumulation.
  • A death cross and falling on-chain activity show medium-term bearish pressure despite short-term bullish momentum.
  • Support at $2.00 is crucial; failure to hold may lead to a drop to $1.85, while sustained buying could lift XRP to $2.35.

April 2025 had major news that directly impacted XRP’s investor sentiment and short-term price behaviour. There was growing interest in XRPL, changes in the U.S. Securities and Exchange Commission’s leadership, and ongoing delays related to ETF filings. 

These events affected trading, keeping investors cautious throughout the month. On May 1, XRP was trading at $2.21, a 1.75% 24-hour decline. However, weekly and monthly data showed gains of 1.21% and 4.84%, respectively. XRP maintained a market cap of $129.34 billion, down by 1.83%, while daily trading volume was up by 23.38% to $3.5 billion.

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Price Action and XRP Consolidation

XRP has continued trading within a tight range of $2.00 to $2.50. On May 1, the price fluctuated between a low of $2.18 and a high of $2.22. This indicates restrained volatility and points to consolidation. 

Despite subdued movement, XRP’s volume is stable at 18.3 million units, suggesting continued market interest. XRP’s immediate resistance is at $2.25, with support holding firm near $2.00. 

Source: TradingView

No breakout attempts have been seen, which supports the idea of ongoing accumulation during this phase. The RSI is at 52.57, while its signal line is at 52.91. These values place XRP in a neutral level. 

The RSI line is trending slightly upward, showing potential for growing momentum. The MACD line, at 0.0141, remains above the signal line at 0.0082. The positive histogram suggests that momentum still leans to the upside.

Technical Indicators Show Mixed Sentiment 

Despite the short-term bullish signs, broader indicators show conflicting trends. The 50-day moving average has recently dropped below the 200-day average. This crossover forms a death cross, a bearish technical pattern. 

Source: Santiment

Price continues to trade below both moving averages, which indicates short to medium-term weakness. XRP’s peak in mid-March, above $3.38, has been followed by a steady decline. Recent lows hit $1.94, with only mild recovery to $2.09 before stabilizing near $2.21.

Market activity also supports a declining trend. Daily active addresses peaked around 600,000 in March but have since dropped to just 40,000. This drop in on-chain activity reflects declining user engagement and reduced network demand.

XRP Potential Price Scenarios

Considering all metrics, XRP is likely to continue consolidating between $2.00 and $2.35 on May 2. A bullish scenario may develop if momentum and volume persist, pushing price back toward $2.30–$2.35. 

However, any drop in buying interest or failure to hold $2.00 support may drive XRP down to $1.85. According to market data, resistance remains near $2.25, making monitoring volume and on-chain engagement for confirmation of direction important.

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