XRP wrapped up May at $1.34, unchanged from the previous week. The token's USDT pair remains pinned near resistance at $1.40 while maintaining a critical $1.20 support level untouched since February.
USDT Pair Stuck in Neutral
Traders found little movement this week as XRP's dollar price hovered around $1.34. The 100-day moving average is now forming immediate resistance at $1.40, preventing any significant gains. That $1.20 support floor hasn't cracked since February - it's held firm through every dip. The relative strength index sits at 40-45, giving no real signal about where price might head next. It's just treading water.
XRP/BTC Pair Shows Life
The Bitcoin-denominated pair actually made progress. It bounced from 1,700 sats up to 1,800 sats this month. That's a solid recovery from early May when it looked oversold. The RSI jumped to 60-65 - the highest since February and a clear reversal of those bleaker conditions. Now it's knocking on the door of a potential breakout.
Next Hurdles for Bitcoin Pair
Traders eyeing the XRP/BTC chart face resistance at 2,000 sats. A shorter-term 100-day moving average sits just below that at 1,900 sats. The 200-day average stands at 2,050 sats, which would be the next major test. If the pair clears 2,000 sats, it could finally shake this months-long consolidation. Right now it's stuck between those key levels.
Markets will watch how XRP trades through next week's options expiration while the $1.34 level and 1,800 sats become critical decision points.
