TLDR
- XRP is currently trading around $2.35, up 0.25% in 24 hours with trading volume up 31.95%
- A bullish trend line is forming with support at $2.3580 on the hourly chart
- XRP recently broke out of a falling wedge pattern, suggesting a potential bullish reversal
- Price targets identified by analyst VipRoseTr are $2.95, $3.39, and $3.87
- 2025 price predictions vary widely, from a bearish $2.10 to a bullish projection above $5.00
XRP is showing signs of consolidation after a recent price action that has traders watching for a potential breakout. The cryptocurrency is currently trading at $2.35, representing a modest 0.25% increase over the past 24 hours. Despite this small gain, XRP has experienced a 7.69% decline over the past week, pointing to an overall short-term correction.
Trading volume has jumped to $3.77 billion, marking a 31.95% increase. This surge in volume suggests growing market interest in XRP.
The price began a consolidation phase above the $2.320 zone after experiencing a downside correction. XRP tested the $2.3350 area, forming a low at $2.3360 before starting to move higher again.
Technical analysis shows XRP trading above $2.38 and the 100-hourly Simple Moving Average. A connecting bullish trend line is forming with support at $2.3580 on the hourly chart of the XRP/USD pair.
On the upside, XRP might face resistance near the $2.410 level. The first major resistance is near $2.4320, followed by $2.450. A clear move above the $2.450 resistance could potentially send the price toward the $2.50 resistance or even higher to $2.550 in the near term.
Bullish Pattern Emerges
Crypto analyst VipRoseTr has identified a breakout through a falling wedge chart pattern, which is traditionally seen as a bullish formation. The asset jumped strongly from the buy area between $1.85 and $1.90, reaching a local high around $2.40. This movement represents a 26% gain from the reversal area.
$XRP Breakout Active – Price Holding Above Buy Zone 🚀#XRP Since the original setup, $XRP has cleanly bounced from the buy zone at $1.85–$1.90, validating the reversal area. Price surged to a local high near $2.40, confirming the breakout above the falling channel.
✅ Current… pic.twitter.com/lfa321CxXL
— Rose Premium Signals 🌹 (@VipRoseTr) May 20, 2025
The downtrend, marked by declining resistance and sloping descending support, had indicated decreasing bearish pressure. As XRP broke above the top limit of the downtrend, technical verification for the reversal in the trend was formed.
XRP is now consolidating in the area between $2.30 and $2.35. As the consolidation remains above $2.30, experts anticipate a continuation pattern to develop.
If XRP fails to clear the $2.450 resistance zone, it could start another decline. Initial support is near the $2.3650 level, with the next major support around $2.3580 and the trend line. A downside break below $2.3580 might continue the decline toward the $2.320 support level.
Technical indicators are showing positive signs. The MACD for XRP/USD is gaining pace in the bullish zone, and the RSI is now above the 50 level.
Price targets identified by VipRoseTr include $2.95, $3.39, and $3.87, with these levels potentially acting as resistance areas. Traders are waiting for a break above $2.50, which might trigger the next leg up.
For sustained upward movement, maintaining support above the $2.20–$2.30 area will be crucial. The volume indicators during the breakout validated the move, adding credibility to the pattern.
Looking ahead to the rest of 2025, price predictions for XRP vary widely. Some bullish forecasts suggest XRP could reach $3.84 or even exceed $5.16 by the end of the year. These projections rely on sustained investor optimism and XRP crossing beyond its existing all-time high of $3.84.
In contrast, analysis from Changelly presents a more conservative outlook, predicting XRP could reach up to $2.10 in 2025, with an average price of $2.34. Their May 2025 projections estimate XRP prices between $2.04 and $2.34, close to current levels.
XRP’s next moves will likely depend on its ability to break through key resistance levels and maintain support at crucial price points as the market continues to watch for signs of a definitive trend direction.
Stay Ahead of the Market with Benzinga Pro!
Want to trade like a pro? Benzinga Pro gives you the edge you need in today's fast-paced markets. Get real-time news, exclusive insights, and powerful tools trusted by professional traders:
- Breaking market-moving stories before they hit mainstream media
- Live audio squawk for hands-free market updates
- Advanced stock scanner to spot promising trades
- Expert trade ideas and on-demand support
