Posted on May 30, 2025 by Barron Greenwalt | Market Pulse

XRP’s price action has been a rollercoaster, but the latest technicals paint a cautious picture for traders. As of May 31, 2025, XRP/USD is trading at $2.10, a sharp decline from its recent range of $2.27–$2.65. Let’s dive into the chart to see what’s next for Ripple’s token.

Ichimoku Cloud Signals Caution

The Ichimoku Cloud shows XRP below the cloud, a bearish signal indicating potential downside pressure. The Tenkan-sen (red line, 9-period) at $2.0672 has crossed below the Kijun-sen (blue line, 26-period) at $2.2791, confirming short-term bearish momentum. The cloud ahead is thinning, suggesting a potential shift in trend, but for now, bears remain in control.

Moving Averages: A Mixed Picture

The 50-day EMA ($2.2566) and 100-day EMA ($2.2699) are converging near $2.26, acting as resistance. XRP’s failure to reclaim this level after a brief spike to $2.40 earlier this month underscores the selling pressure. The 200-day EMA at $2.3004 looms as a critical barrier—if XRP breaks above, it could signal a bullish reversal. However, the Weighted Moving Average (WMA) cluster (50, 100, 200) around $2.1275–$2.2975 suggests consolidation unless a clear breakout occurs.

Key Levels to Watch

Support is holding at $1.9409, but a break below could see XRP test $1.8109, a level not seen since early April. On the upside, resistance at $2.0672 (Tenkan-sen) and $2.2791 (Kijun-sen) must be cleared to regain bullish momentum. A move above the cloud at $2.40 could target the recent high of $2.6515, with $2.9078 as the next psychological level.

Volume and Sentiment

Volume stands at 1.99M, relatively low, indicating indecision among traders. Sentiment on X remains mixed—some see this dip as a buying opportunity, while others fear a deeper correction, especially with Bitcoin dominating at $111,000.

What’s Next for XRP?

The technicals suggest XRP is at a crossroads. A break below $1.94 could confirm a bearish trend, while a push above $2.40 might reignite bullish hopes. With catalysts like ETF decisions looming, traders should stay vigilant. What’s your take—buy the dip or wait for confirmation? Share your thoughts below, and let’s keep the pulse on XRP’s next move!