$XRP Could the price of XRP reach 4 dollars in May? Analysts are watching these key levels

The price of XRP is rising today as macroeconomic conditions improve, but traders say key support levels must be maintained to sustain a recovery to new all-time highs.

Altcoin in detail

Key takeaways:

The price of XRP rose 2% on May 7, driven by optimism from trade talks between the United States and China, with critical support at USD 2.08 for a sustained recovery.

Whale accumulation indicates the strength of the price of XRP.

Analysts say the price of XRP must remain above the support of USD 1.83–USD 2.00 to continue rising.

The price of XRP 

XRP

1.87 €

 showed strength on May 7, rising 2% in the last 24 hours after news of possible trade talks between the U.S. and China changed investor sentiment. 

The price of XRP remains above USD 2.00 at the time of writing, while several analysts highlight the key support levels that the asset should maintain for a sustainable recovery towards new all-time highs.