CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
    • Spanish
    • Turkish
    • German
    • Bulgarian
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • CryptoPotato Spanish
  • CryptoPotato Turkey
  • CryptoPotato Germany
  • CryptoPotato Bulgaria
  • Market Updates
  • BTC Analysis
  • ETH Analysis
  • XRP Analysis
  • Interviews
CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
    • Spanish
    • Turkish
    • German
    • Bulgarian
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • CryptoPotato Spanish
  • CryptoPotato Turkey
  • CryptoPotato Germany
  • CryptoPotato Bulgaria
Home » XRP » Ripple Price Analysis: XRP Now Retests Critical Support Line

Ripple Price Analysis: XRP Now Retests Critical Support Line

Author: Yaz Sheikh

Last Updated May 5, 2021 @ 11:34

Despite trading relatively flat over the past 24 hours, XRP has found solid support at the 20-days MA. Against bitcoin, XRP is battling to hold 2600 SAT.

Getting your audio player ready...

XRP/USD – Bulls Defend 20-days MA

Key Support Levels: $1.40, $1.25, $1.10.
Key Resistance Levels: $1.74, $1.98, $2.10.

XRP had surged higher in the final week of April after bouncing from $1.00 to reach $1.74 on the last day of the month. There, it found resistance at a bearish .786 Fib Retracement, which it couldn’t overcome.

In the first few days of May, XRP dropped each day until support was found at the 20-days MA yesterday, at around $1.40. The bulls defended this level and are attempting a rebound today as they pushed higher to $1.46.

xrpusd-may5
XRP/USD Daily Chart. Source: TradingView

XRP-USD Short Term Price Prediction

Looking ahead, the first resistance lies at $1.74 (bearish .786 Fib). This is followed by $1.98 (April 2021 highs), $2.10 (1.618 Fib Extension), and $2.40 (1.272 Fib Extension – blue).

On the other side, the first support lies at $1.40 (20-days MA). This is followed by $1.25 (Feb 2018 highs), $1.10 (.5 Fib), and $1.00.

The RSI dipped beneath the midline yesterday but has since battled its way back above it with today’s rebound. This indicates indecision within the market as the bulls aren’t prepared to give up their control of the market momentum yet.

XRP/BTC – Bulls Battle To Defend 2600 SAT

Key Support Levels: 2450 SAT, 2225 SAT, 2000 SAT.
Key Resistance Levels: 2877 SAT, 3000 SAT – 3058 SAT, 3360 SAT.

XRP reached resistance at 2877 SAT (bearish .618 Fib) at the start of May and could not overcome the resistance. The market had rebounded from 2000 SAT in the final week of April as it started to push higher until meeting the resistance at 2877 SAT.

As a result, it dropped lower over the past few days and even spiked into the 20-days MA at 2500 SAT yesterday. However, by the time the candle closed, the bulls pushed XRP back above 2600 SAT as they attempt to defend the level.

xrpbtc-may5
XRP/BTC Daily Chart. Source: TradingView

XRP-BTC Short Term Price Prediction

Looking ahead, if the bears break 2600 SAT, the first support lies at 2500 SAT (20-days MA). This is followed by 2400 SAT, 2225 SAT (.382 Fib), 2000 SAT (.5 Fib), and 1900 SAT (July 2020 lows).

On the other side, the first strong resistance lies at 2877 SAT (bearish .618 Fib). This is followed by 3058 SAT (April highs), 3200 SAT, and 3362 SAT (Feb 2020 Highs).

The RSI also recently rebounded from the midline today, which is a promising sign as the bulls are unwilling to relieve their control of the market momentum. A break beneath the midline is likely to cause the support at 2600 SAT to break and push XRP back down to 2000 SAT.

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!


Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.
Tags: Ripple (XRP) Price
Enjoy reading? Share with your friends
Facebook Twitter LinkedIn Telegram

About The Author

Yaz Sheikh
More posts by this author

Yaz is a cryptocurrency technical analyst with over seven years of technical analysis trading experience. As an Economics graduate, he has taken a keen interest in the future potentials of blockchain in the financial industry. Removing crypto from the equation, Yaz loves to watch his favorite football team and keep up-to-date with the latest fights within the UFC.

Join Our Community

FacebookX YouTubeTelegram


Editorials
How to Farm Airdrops on Hyperliquid (HYPE): The Complete Guide to Free Money This Crypto Cycle

How to Farm Airdrops on Hyperliquid (HYPE): The Complete Guide to Free Money This Crypto Cycle

How to Trade on Hyperliquid: The Ultimate Guide (Step-by-Step Walkthrough)

How to Trade on Hyperliquid: The Ultimate Guide (Step-by-Step Walkthrough)

12 Best Meme Coins to Watch in July 2025

12 Best Meme Coins to Watch in July 2025

7 Best Meme Coin Presales to Watch in July 2025

7 Best Meme Coin Presales to Watch in July 2025

Toobit Review 2025: Is Toobit a Safe Crypto Exchange?

Toobit Review 2025: Is Toobit a Safe Crypto Exchange?

Hyperliquid Bridge: How to Bridge USDC to Hyperliquid

Hyperliquid Bridge: How to Bridge USDC to Hyperliquid

11 Best Crypto Presales to Consider in July 2025

11 Best Crypto Presales to Consider in July 2025

Join Our Newsletter
Become a CryptoPotato VIP
One Weekly Email Can Change Your Crypto Life.
Sign-up FREE to receive our extended weekly market update and coin analysis report
We NEVER send spam. You can unsubscribe at any time.
Invalid email address
Thanks for subscribing!
Footer Logo
About
Advertise on CryptoPotato
About Us | Contact Us | Careers
Editorial Policy
Terms of service | Privacy Policy | GDPR
More Sections
IEO List | Evaluations
Airdrops
Scholarship
Disclaimer
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
© Copyright CryptoPotato 2016 - 2025
Scroll to top
One Daily Email Can Change Your Crypto Life.

Sign-up FREE to receive our extended daily market update and coin analysis report

We never send SPAM. You can unsubscribe at any moment
Invalid email address
Thanks for subscribing!