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XRP is holding steady above a crucial support level of $2.25, signaling underlying bullish strength despite the broader market correction. However, the ongoing battle at the $2.69 resistance continues to weigh on investor sentiment and casts doubt on an immediate breakout.
XRP Price Analysis
Crypto analyst CasiTrades recently pointed out on X that XRP has successfully bounced off the 0.5 Fibonacci retracement level at $1.90 and reclaimed the 0.382 level at $2.25, showing signs of bullish momentum. However, he also noted that XRP has yet to form a new local high, a key signal for confirming a trend reversal.
“XRP is holding $2.25 and building structure, but needs a breakout above $2.69 to confirm a bullish trend,” – CasiTrades
When Will XRP Price Go Up?
Technical analysis shows that XRP faces a strong resistance at $2.69, a level it has failed to break several times. On May 12, XRP reached $2.65 but fell short, and on May 14, another attempt was met with heavy selling pressure. Between May 14–17, the price dropped by over 8.85%, highlighting ongoing market uncertainty.
As long as XRP trades below $2.69, analysts warn that a downside move toward $1.50 remains on the table.
What Next For Ripple (XRP)?
According to CasiTrades, XRP is currently in a Wave 4 consolidation phase, which typically signals sideways movement as the market builds structure. This phase suggests a potential setup for a strong move—up or down.
In the past 24 hours, XRP posted a modest 0.8% gain, with a daily close at $2.3950, after briefly pushing above a short-term resistance at $2.375. However, at the time of writing, XRP is trading slightly below that level again.
Key Levels to Watch
- Support: $2.25
- Short-term Resistance: $2.375
- Major Resistance: $2.69
- Downside Risk: $1.50
The analyst emphasized that holding above $2.375 is crucial for any continued upside. A breakdown below this level could trigger another retest of the $2.25 support—and possibly lower.
Conclusion: XRP’s price action remains at a critical juncture. While bulls are defending key levels, the lack of a breakout above $2.69 continues to limit upside potential. If momentum builds, XRP could target a new high—but if support fails, traders should be prepared for a dip toward $1.50.
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FAQs
XRP could hit a new high if it breaks $2.69 with strong momentum. Continued institutional adoption and market trends may drive it to $3.46.
XRP Futures ETFs have been approved and launched in the US, with some spot XRP ETF applications facing delays. Analysts anticipate potential spot ETF approvals by Q3 or later in 2025.
By 2030, XRP could trade between $17 and $26.50, fueled by global partnerships and broader crypto adoption.
XRP may reach up to $179 by 2040 if mass adoption, strong regulation, and Ripple’s global expansion continue.
