XRP (XRP) Price: Trading Volume Surges 80% As Crypto Breaks Key Resistance

TLDR

Table of Contents

XRP price has risen to around $2.20 with trading volumes surging 80% to $4.35 billion
Analyst Dark Defender predicts potential targets of $3, $4.4, and $6.3 in the short term
Major whale activity detected with transfers of 70 million XRP ($148.3M) and 300 million XRP ($633.7M)
New Hampshire legislation could include XRP in digital asset strategic reserve by 2026 if it reaches $500B market cap
XRP broke above a key bearish trend line and is trading above $2.15 and the 100-hourly Simple Moving Average

XRP price is showing renewed strength, moving to the $2.20 level with daily trading volumes jumping 80% to $4.35 billion. This price action comes as traders show greater interest in the Ripple cryptocurrency amid discussions about potential Ripple reserves and recent whale movements.

The price found support at $2.08 and started a fresh increase, now trading above $2.15 and the 100-hourly Simple Moving Average. A key technical development includes the break above a bearish trend line with resistance near $2.14 on the hourly chart.

Crypto analyst Dark Defender has provided an updated outlook on XRP’s price trajectory. In his recent analysis, he stated that the Ripple cryptocurrency could encounter immediate resistance at $2.22 and $2.36.

He added that the XRP correction to $2.13 has completed, as it reverses trajectory to the upside. This avoided a massive $60 million of XRP liquidation that might have occurred if the downtrend continued.

Whale Activity Signals Market Interest

Recent blockchain activity has highlighted major XRP transactions involving Ripple whales. Two eye-catching transfers were recorded: 70 million XRP valued at approximately $148.3 million and 300 million XRP worth around $633.7 million.

Both transactions were directed to unknown wallets, fueling speculation about potential price implications. This level of whale movement often precedes market shifts.

The Coinglass data shows that XRP open interest has increased 3.28% to $3.72 billion. Options markets are also heating up, with XRP options open interest surging 28% while options trading volume is up 20% to over $1 million.

Price Targets and Support Levels

Dark Defender’s analysis suggests an initial surge to $3, followed by Wave 3 and Wave 5 targets of $4.4 and $6.3, respectively, in the short term.

Hi all. I hope you are fine!
I couldn't update you for a while, and I appreciate your patience.
🟠I shared some notes, and as expected, #XRP found resistance at $2.222 and $2.36. This played out, and we touched $2.13 yesterday.
🟡XRP is getting ready to finish the correction… pic.twitter.com/MG4FAYzZ09
— Dark Defender (@DefendDark) May 5, 2025

For traders watching key levels, the first major resistance is near the $2.18 level. The next resistance sits at $2.20. A clear move above the $2.20 resistance might send the price toward the $2.22 resistance or even $2.30 in the near term.

On the downside, initial support is near the $2.13 level. The next major support is near the $2.12 level. If there is a downside break below $2.12, the price might continue to decline toward the $2.08 support.

Technical indicators are turning positive. The MACD for XRP/USD is gaining pace in the bullish zone, and the RSI is now above the 50 level, suggesting growing momentum.

New Hampshire legislation has sparked interest in XRP’s long-term prospects. According to crypto attorney Fred Rispoli, if XRP achieves a $500 billion market capitalization this year, it would qualify for inclusion in New Hampshire’s digital asset strategic reserve by 2026.

For a $500 billion market cap, the Ripple price would need to trade somewhere around $8.5. Many analysts have already predicted a rally beyond $10 by the end of 2025.

As of now, XRP price is trading at $2.17 with $4.35 billion in trading volumes, showing strong market interest.

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