XRP Tests Resistance as Analyst Says Structure Still Holds Strong

• Analysts say XRP’s macro structure remains bullish while price continues forming higher lows above key support.
• XRP rally cooled after surge to $1.51, with RSI and MACD signaling weakening short-term momentum.
• Resistance remains near $1.50 as traders watch support zones around $1.44 and $1.40 for stability.

XRP trades at $1.44 after a sharp rally toward $1.51 led to renewed debate around the token’s broader direction. Analysts Egrag Crypto and ChartNerd pointed to tightening price action, while technical indicators showed momentum cooling after heavy buying pressure pushed XRP briefly into overbought territory during the recent breakout attempt.

Egrag Crypto Highlights Macro Structure

According to Egrag Crypto, XRP’s macro structure remains intact while price stays above the 2-month 21 EMA. The analyst stated that the secular trendline still holds, while higher lows continue forming across the broader chart structure.

Egrag Crypto also said reclaiming the $2.40 and $3.36 levels would provide stronger macro confirmation. In addition, the analyst estimated a 40%-50% probability that XRP already formed its cycle bottom.

However, Egrag Crypto also noted a possible 50%-55% chance of another capitulation phase before expansion resumes. The analyst added that a move toward the $7-$13 range remains possible if breakout conditions strengthen.

Meanwhile, ChartNerd focused on XRP’s shorter-term structure after price briefly moved above resistance before returning into consolidation. According to the analyst, the daily stochastic RSI has already entered overbought territory while volume remains relatively weak.

XRP Rally Slows After Volume Spike

The recent breakout began on May 10 when XRP surged from the $1.43-$1.44 region toward $1.51. Notably, the rally arrived alongside exceptionally strong trading volume, reflecting aggressive market participation during the move.

However, sellers later pushed XRP back toward the $1.45 support area as profit-taking accelerated near local highs. XRP currently trades around $1.44 after recording a slight daily decline.

Momentum indicators also show reduced upside strength following the breakout. The RSI currently is near 49.70 after previously climbing above 75 during the rally.

Resistance Tightens Around $1.50

The MACD histogram has also turned negative, showing weakening bullish momentum in the short term. Key resistance now is near $1.46, followed by $1.48 and the recent high around $1.51.

On the downside, immediate support remains near $1.44, while stronger support sits around $1.42 and $1.40. According to the chart structure, buyers continue defending the higher-low formation despite the recent pullback.