XRP remains in a prolonged consolidation phase, trading within channels across both its USD and BTC pairs. The structure is tightening, signalling an imminent breakout. However, momentum has cooled, and the market is awaiting a catalyst.

Technical Analysis

The USDT Pair

XRP/USDT continues to respect the boundaries of a large descending channel. The price recently failed to break above the $2.60–$2.80 resistance zone, which aligns with the upper trendline of the pattern. On the downside, the $2.10-$2.30 support area remains critical, especially with both the 100-day and 200-day moving averages holding below the price in this range.

A confirmed breakdown of this level could open the door for a retest of the $1.90 zone, while a breakout above $2.60 may push the price toward the $3.20 region. Meanwhile, the RSI sits around 50%, indicating a neutral stance with a slight bearish bias.

The BTC Pair

XRP/BTC is compressing within a falling wedge, currently trading just above the 2100 SAT support area. The pair recently got rejected from the 2500 SAT resistance zone, which overlaps with the wedge’s upper trendline and the 100-day moving average.

The 200-day MA near the 2300 SAT mark has also been broken to the downside, making further downside and breakdown of the 2100 region highly probable. The RSI also shows values around 40%, signaling that the bearish momentum is still in play. So, unless buyers step in soon, a breakdown from the wedge pattern could trigger further Ripple weakness against Bitcoin, which could also translate to a downtrend against the dollar.

Ethereum is currently testing a decisive resistance region near the 200-day moving average at $2.5K, which has triggered a consolidation phase.

While a deeper short-term correction remains possible due to prevailing supply and overbought conditions, market structure and momentum suggest a potential bullish breakout in the mid-term.

Technical Analysis

By ShayanMarkets

The Daily Chart

ETH’s recent bullish momentum has pushed the price toward the critical $2.5K resistance zone, which aligns with the 200-day moving average—a historically significant level of supply and market reaction. Upon testing this confluence of resistance, Ethereum has lost its upward momentum, entering a temporary consolidation phase.

A decisive breakout above this psychological barrier and the 200-day MA would signal a shift in market sentiment, potentially marking the beginning of a broader bullish reversal. Such a move could propel the price toward the $3K threshold in the mid-term.

However, the presence of a resting supply at this level, combined with the RSI indicator showing overbought conditions, increases the likelihood of a short-term corrective move. A continued consolidation within the $2.1K–$2.5K range remains plausible, offering the market time to reset before another breakout attempt.

The 4-Hour Chart

In the 4-hour timeframe, Ethereum’s rally has visibly stalled at the $2.5K mark, with signs of distribution and selling pressure becoming apparent. This consolidation has formed a bullish continuation wedge—an often reliable pattern suggesting a temporary pause before a potential breakout.

If the wedge’s lower boundary successfully holds, Ethereum could soon initiate a bullish breakout, reclaiming momentum and potentially breaching the $2.5K resistance zone. Conversely, a breakdown below this pattern would indicate a deeper correction, likely driving the price toward the key support level of $2.1K.

In summary, ETH remains in a state of consolidation under a major resistance level. Traders should closely monitor the wedge structure and the $2.1K–$2.5K range for clues on the next significant move.

Onchain Analysis

The bubble chart below illustrates total trading volume across all exchanges, where bubble size reflects volume magnitude and colour indicates the rate of volume change, categorized as Cooling, Neutral, Overheating, and Highly Overheating.

As shown, Ethereum’s approach to the critical $2.5K resistance level has led to an overheating state, characterized by a significant surge in trading volume. This spike is primarily driven by profit-taking activity and the presence of resting supply at this psychologically significant price zone. The overheated condition points to a likely short-term correction as the market cools down, paving the way for renewed accumulation.

Consequently, Ethereum is expected to continue its consolidation phase until fresh demand emerges to drive a breakout above this resistance range in the mid-term.

[PRESS RELEASE – PANAMA CITY, PANAMA, May 20th, 2025]

BingX, a leading cryptocurrency exchange and Web3 AI company, is excited to announce a bold, incremental strategy BingX AI Evolution to mark its 7th anniversary. BingX has outlined a strategic initiative to integrate artificial intelligence across its platform and ecosystem, allocating $300 million over the next three years to support this development. This milestone initiative underscores BingX’s mission to redefine crypto with AI, driving meaningful progress across the Web3 space by embedding AI into every aspect of user experience, exchange operations, and future industry collaboration.

“We are thrilled to share this evolution as we celebrate our 7th anniversary. This is not just a product update — it’s a strategic reorientation,” said Vivien Lin, Chief Product Officer at BingX. “In the future, AI will become a defining engine of our evolution, enabling faster and smarter experiences. We want BingX to be more than just a trading platform — we want it to be a place where users feel empowered and genuinely supported by intelligent tools at every step of their journey. As AI grows more powerful, it’s crucial that innovation remains aligned with user needs and long-term trust. This drives our commitment to leading AI integration in crypto with both ambition and responsibility.”

AI as a Companion in Every User Journey

BingX will deploy AI across every stage of the user experience, beginning with an AI-powered tool to support users across various scenarios. From real-time market insights and position diagnostics to intelligent trade suggestions and trader analysis, the tool is designed to help users trade smarter and feel more confident. It addresses common concerns like market uncertainty and complex strategies. This marks the first step in making AI a true companion in every user journey.

Meanwhile, BingX Labs will accelerate investments in AI-native Web3 projects, incubating innovations that bridge decentralized technologies with machine learning capabilities.

AI at the Core of BingX DNA

Looking ahead, BingX is set to become an AI-native company in its operations, culture, and decision-making. From internal processes to strategic direction, AI will influence how BingX thinks, acts, and grows.

This long-term vision goes beyond the exchange platform, as BingX commits to playing a leadership role in building a responsible, resilient, and interoperable Web3 AI ecosystem. Through deep collaboration with industry partners, the exchange aims to co-create frameworks that ensure innovation is aligned with security, ethics, and shared standards.

AI x Web3: Shaping the Intelligent Future of Crypto

BingX recognizes that talent is the cornerstone of this revolution and aims to become the top-of-mind destination for individuals eager to lead and shape the next wave of breakthroughs in this dynamic field.

Meanwhile, BingX will establish a dedicated institute for AI research and innovation, designed to be the engine room for breakthroughs at the intersection of AI and Web3. This initiative reflects BingX’s long-term vision to not only adapt to the future — but actively build it.

BingX’s growth underscores its commitment to this AI evolution. The platform now serves over 20 million users worldwide and ranks among the Top 5 crypto derivatives trading platforms. Through BingX Labs, over $15 million has already been invested to accelerate innovation and support the broader Web3 ecosystem. As BingX moves forward, its AI-driven approach will continue to shape a more intelligent, inclusive, and connected digital economy — leading with purpose, inspiring progress, and unlocking smarter ways to AI-native future of crypto.

About BingX

Founded in 2018, BingX is a leading crypto exchange and Web3 AI company, serving a global community of over 20 million users. With a comprehensive suite of AI-powered products and services, including derivatives, spot trading, and copy trading, BingX caters to the evolving needs of users across all experience levels, from beginners to professionals. Committed to building a trustworthy and intelligent trading platform, BingX empowers users with innovative tools designed to enhance performance and confidence. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports sponsorship.

For media inquiries, users can contact: media@bingx.com

For more information, users can visit: https://bingx.com/