As of May 9, 2025, 8:52 PM PKT, XRP (XRP) is trading at $2.34 USD, reflecting a 2.63% increase from the previous close. The token has seen an intraday high of $2.42 and a low of $2.24.

XRP is currently consolidating between $2.00 and $2.36, with support at $2.00 and resistance at $2.36. A breakout above $2.36 could target $2.60 or $3.00, contingent on volume confirming bullish momentum.

Analysts are observing a Reverse Dragon Head pattern forming on the daily chart, suggesting a potential bullish continuation. If this pattern completes, XRP could rise above $3 this month.

Despite a recent $50 million settlement in Ripple's legal battle with the SEC, the market's reaction has been muted, possibly due to prior pricing in and delays in ETF approvals.

For investors considering XRP, it's essential to monitor key support and resistance levels, as well as broader market trends and regulatory developments. $XRP