- XRP trades between $2.26 support and $2.44 resistance, with fading momentum and a neutral RSI at 53.10 suggesting consolidation.
- Daily active addresses dropped to 12.1K from 600K in March, indicating declining on-chain activity and investor caution.
- A breakout above $2.44 with strong volume may push XRP to $2.55–$2.62; failure could send it down to $2.10–$2.00.
On May 20, at the time of writing, XRP was trading at $2.36, gaining by 2.20% in the past 24 hours and 13.74% over the month. However, the token declined by 5.53% over the past week, showing mixed momentum.
XRP’s market cap reached $138.6 billion, up by 2.40%, while daily trading volume dropped by 8.71% to $3.32 billion. XRP’s fully diluted value is at $236.44 billion. Circulating supply is at 58.62 billion out of a maximum 100 billion tokens, placing its volume-to-market cap ratio at 2.44%.
Volume Drops While XRP Trades Near Moving Averages
XRP has been consolidating between its 200 day and 50 day moving averages. The 200 day MA at $2.26 is acting as a key support level. Meanwhile, the 50 day MA is at $2.44, now operating as short term resistance.
Price action since early April has remained bullish, with XRP forming higher lows after a March decline. However, trading volumes have weakened notably. Daily volumes now are near $3.32 billion, which shows a decline from earlier March levels.
This lower activity suggests investors may be exercising caution. Notably, daily active addresses dropped sharply to 12.1K, down from 600K in early March, indicating a major slowdown in on-chain activity.
Momentum Indicators Signal Caution
XRP’s RSI is at 53.10, down from a recent high of 59.13. This level places it in neutral level but is mildly bullish. However, the weakening RSI suggests fading upward momentum.
The MACD line is at 0.0580, with the signal line at 0.0645. The histogram reads -0.0065, confirming a bearish crossover. This technical formation may indicate ongoing consolidation unless supported by a rise in volume.
Additionally, the price was rejected at $2.41. Failure to break this level adds to near term resistance. If selling pressure continues, XRP may revisit the $2.30–$2.26 area, which aligns with the 200 day moving average.
May 21 Price Movement Depends on Volume and RSI Shifts
With momentum indicators weakening, XRP remains near a decision point. The consolidation near the 50 day MA and lack of address growth limits short term upside. At the same time, support from the 200 day MA remains intact.
May 21 movement will largely depend on trading volume and shifts in RSI. A break above $2.41 may reactivate bullish momentum. However, slowed activity may limit XRP’s ability to sustain upward pressure without renewed interest.
If XRP breaks above $2.44 with strong volume and RSI climbs above 60, price could reach $2.55–$2.62.However, if price falls below $2.26 and volume remains weak, XRP may dip to $2.10–$2.00.
