Can XRP price reach $4 in May? Analysts are watching these key levels
XRP price is up today as macroeconomic conditions improve, but traders say key support levels must hold to sustain a recovery to new all-time highs.
Key takeaways:
• XRP price is up 2% on May 7, buoyed by US-China trade talk optimism, with key support at $2.08 critical for sustained recovery.
• Whale accumulation signals XRP price strength.
• XRP price must hold above $1.83–$2.00 support to continue upside, analysts say.
price displayed strength on May 7, rising 2% over the last 24 hours after news of possible US-China trade talks flipped investor sentiment.
XRP price remains above $2.00 at the time of writing, as several analysts highlight the key support levels the asset should hold for a sustainable recovery to new all-time highs.