XRP Price Prediction for May 7: Will the Support Level at $2.10 Hold in the Downtrend?

XRP today is still under pressure after failing to hold above the resistance level of $2.18, sliding below key moving averages and testing an important horizontal bridge zone. Although the cryptocurrency has broader recovery potential, XRP's price action remains sluggish, with no significant breakthroughs since early May. Traders are now watching whether the support level of $2.08–$2.10 can mitigate the ongoing fall or if deeper retracements lie ahead. Trend Line Broken And Reinforced: What Is Happening With XRP Price?

The XRP price on the 4-hour chart shows a clear rejection from the zone of $2.24—consistent with both the Fibonacci level of 0.236 and the upper Bollinger Band. This rejection is followed by a downward slope below the EMA 20, 50, and 100, all converging around $2.17–$2.18, currently acting as a short-term resistance. The breakdown of the bearish flag on the 30-minute chart further adds to the bearish pressure, confirming the loss of bullish momentum. Support between $2.08 and $2.10 is currently being held, bolstered by a previous bridge and the Fibonacci retracement level 0.382 (k around $2.07 from the April momentum move. A break below this level could quickly push the price of XRP into the zone of $1.98–$2.00, marking the Fib 0.5 level and the next main liquidity zone. The positive side is that it is necessary to recover the level of 2.18 dollars to alleviate the current bearish trend. Until then, fluctuations in the range of 2.08–2.18 dollars are the most likely outcome for XRP price today. RSI and MACD Signal Weakness as XRP Remains Near Important Support Level

Momentum indicators on the 4-hour chart highlight the prevailing weakness. The RSI is at 36.37, deep in the bearish zone, while the MACD chart shows continuous red bars with the signal line below 0. These signals align with the broader bearish trend and confirm the short-term price volatility of XRP. However, the Stochastic RSI is currently fluctuating around the 20 level—potentially signaling an oversold condition. This indicates that there could be a small recovery if buyers can hold the support level of $2.10, although the upward momentum may face rejection around the resistance zone of $2.17–$2.18. The Bollinger Bands are also tightening, indicating that a volatility expansion is imminent. Whether this will resolve in an upward or downward direction will depend on whether the price of XRP can reclaim the EMA line or lose the $2.08 level. XRP Price: Fibonacci Levels and Daily Structure

From a broader perspective, the daily chart shows a textbook rejection from the Fibonacci level 0.236 at $2.18, followed by a slow fall to levels 0.382 and 0.5. Fib 0.5 ) at $1.98 ( and Fib 0.618 ) at $1.89 ( are still the main zones for any larger corrections. These levels coincide with previously tested support zones at the end of April and will be monitored by swing traders for potential long-term re-entry. If the reason why XRP's price is falling today is the question, then the answer lies in the confluence of trendline rejections, EMA failures, and weakening RSI momentum. There are no clear fundamental news driving this decline, making this move largely technical. Forecast Table for May 7 for XRP