5-5-2025 – XRP’s trading trajectory has witnessed a notable downturn following its failure to breach the $2.27 threshold during recent weekend trading sessions. Market analysts are closely monitoring this bearish pattern, which has emerged at a crucial supply zone juncture.
Trading specialist Frank, contributing to the TradingView platform, has highlighted concerning indicators in XRP’s market behaviour. The cryptocurrency’s repeated unsuccessful attempts to maintain momentum above key resistance levels have resulted in a distinctive lower high formation, suggesting a potentially protracted bearish phase.
The institutional trading landscape appears particularly significant, with the LuxAlgo indicator revealing substantial institutional activity within specific price ranges. This technical analysis gains additional weight considering the forthcoming American economic announcements scheduled between 5th and 9th May, which traditionally influence cryptocurrency market volatility.
Should current market pressures persist, several critical support levels warrant attention. The $1.95 mark emerges as a pivotal threshold, potentially determining whether XRP maintains its current trading range or experiences further decline. Below this, substantial demand zones at $1.69 and $1.60 could provide crucial support, areas historically associated with price reversals and elevated trading volumes.
However, bullish prospects remain viable, contingent upon XRP’s ability to surmount the $2.27 resistance level. A successful breach of this threshold, particularly if accompanied by increased trading volume and positive momentum indicators, could signal a resumption of upward movement.
