XRP Price Prediction for May 7
05/07/2025 20:41
How long is decline of XRP going to last?
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Bulls are coming back to the game after a few days of market drop, according to CoinMarketCap.
XRP/USD
The price of XRP has risen by 2.43% over the last 24 hours.
On the hourly chart, the rate of XRP is closer to the local support than to the resistance.
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If buyers cannot seize the initiative by the end of the day, traders may expect a level breakout, followed by a test of the $2.12 area.
A bearish picture can also be seen on the daily time frame. If the candle closes around current prices or below, the accumulated energy might be enough for a support breakout, followed by a test of the $2.10 area.
From the midterm point of view, none of the sides is dominating. In this case, one should focus on the nearest zone of $2. If the bar closes below it, the decline may continue to the support of $1.7711.
XRP is trading at $2.1263 at press time.