Is XRP Ready for a Bullish Run? The Key to Higher Levels Lies with the Bulls

By: bitcoin ethereum news|2025/05/05 20:00:08

XRP is trading within the $2.17 range. The 24-hour trading volume has jumped by 24%. The bearish pressure has pulled the crypto market cap by 1.11%, down to $2.96 trillion. This has sparked mixed sentiment across the assets, with Bitcoin and Ethereum on the downside. Meanwhile, Ripple’s XRP has posted a plunge of over 1.74%. Breaking the asset’s key resistance levels initiates a positive price trajectory, eyeing former highs. In the early hours, the asset traded at a peak of $2.21, with a brief bullish wave. As the bears took control, the asset has retraced to the bottom level of $2.14. At the time of writing, XRP traded at $2.17, with its daily trading volume surging by 24.64%, reaching $1.86 billion. Notably, the XRP market has witnessed a $5.32 million liquidation during this period. Can XRP Withstand the Pressure? The active downside correction of XRP could pull the price back to the former low at around $2.03. Further loss might trigger the asset to retrace steeply toward the $1.80 mark. The sturdy bearish pressure delays the recovery and pushes the asset to enter a potent bearish zone. Assuming the XRP momentum reverses and holds the price at $2.21, the asset might set the stage for an early recovery. With the improving sentiment, the price is expected to surpass the $2.28 range and above. Upon breaking this resistance, it could trigger more upside. The Moving Average Convergence Divergence (MACD) line and signal line are positioned below the zero line. This crossover indicates a strong bearish momentum. Moreover, the Chaikin Money Flow (CMF) indicator at -0.13 suggests the capital is flowing out, with the potential for more downside pressure. XRP’s Bull Bear Power (BBP) value at -0.0361 infers that the bears are currently dominant in the market. Besides, the daily relative strength index (RSI) settled at 44.15, signalling that the asset is in neutral to slightly bearish territory. Disclaimer: The opinion expressed in this article is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing. Highlighted Crypto News Solana Fixes Confidential Token Vulnerability, Sparks Centralization Debate Source: https://thenewscrypto.com/is-xrp-ready-for-a-bullish-run-the-key-to-higher-levels-lies-with-the-bulls/

OpenClaw is a rapidly growing open-source AI agent that can autonomously execute tasks and interact with software, including connecting to crypto exchanges through APIs to analyze markets and automate trading strategies. While this creates new opportunities for smarter trading, it also introduces security and operational risks. Through this article, WEEX aims to help users better understand the potential and risks of AI trading agents so they can explore new technologies while trading more safely and responsibly.

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WEEX P2P update: Country/region restrictions for ad posting

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

II. Applicable scenarios

The following are some common scenarios:

III. How to get started

On the ad posting page, find "Trading requirements":

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.