Technical analysis by FenzoFxBroker about Symbol XRP: Sell recommendation (5/22/2025)

FenzoFx—Ripple (XRP) is testing the resistance level, which expands from $2.40 to $2.46, with the Stochastic Oscillator hinting at an overbought market.A new bearish wave could emerge if the resistance holds. In this scenario, the price could dip toward the 50.0% Fibonacci retracement level at $2.37, backed by the 50-SMA.The bearish outlook should be invalidated if XRP/USD exceeds and stabilizes above $2.46.Trade XRP/USD with low spread, no commission and no swap at FenzoFx.