Technical analysis by Dexter_The_Trader about Symbol XRP: Buy recommendation (5/31/2025)

XRP Weekly Timeframe UpdateXRP is currently showing a rejection from the resistance trendline and is now hovering near a crucial support zone, ranging between $1.57 and $1.90. This level is significant as it marks the previous higher high. Additionally, the 50 EMA is providing extra support, from which XRP has already shown signs of a rebound.Bullish Scenario:If XRP continues to rebound from this zone, we could potentially see a new all-time high, with the price forming a double top pattern.Bearish Scenario:If XRP breaks down and closes below this key support, prepare for downside pressure.That’s it from my end. Trade safely, and always do your own research and analysis before investing. Regards,Dexter