The price prediction for XRP for this week (from May 6 to May 12, 2025)
XRP has experienced ups and downs recently, but analysts believe it may be gearing up for a larger move soon. This week, XRP fell slightly by about 0.3%. While some cryptocurrencies saw a bit of selling, this small drop in XRP is not a major concern for most investors. The price still remains above key support levels.
There is still uncertainty about whether XRP has begun its next big upward move. In smaller timeframes, a clear breakout has not yet formed, although the price is making higher highs and higher lows, which is a positive sign.
The price correction may be coming to an end
Cryptocurrency analyst Dark Defender said that XRP recently faced resistance at $2.22 and $2.36, with the price retreating to $2.13. He believes this pullback was expected and that the market is preparing for the next upward move, as long as XRP stays above the $2.00 level.
Dark Defender also shared his long-term outlook. He stated that XRP is in the final phase of a fifth wave structure and expects this to lead to higher prices. He predicts the first move towards $3, followed by further gains with targets of $4.40 and $6.30 if the pattern continues. The key support to watch in the short term is $1.88.
However, some analysts warn that short-term trends are still unclear. The recent price movement has been erratic and there is not yet a strong signal of upward momentum. A confirmed move above $2.25 would help indicate that a new streak is underway.
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