As of May 10, 2025, the XRP price shows a fluctuating upward trend, with the current quote around $2.36, and a 24-hour increase of approximately 2.16%-3.16%. Technical analysis indicates that XRP has broken through the short-term resistance range of $2.15-$2.22, the MACD indicator has shown a positive crossover, and the RSI (64.6) has not reached overbought levels, indicating strong short-term momentum. If it can stabilize above $2.23, the next target may point to $2.30-$2.35, or even the key level of $2.60.
Significant fundamental support factors: Ripple has reached a settlement with the U.S. SEC, reducing the fine to $50 million, and completed the $1.25 billion acquisition of Hidden Road to strengthen institutional collaboration. In addition, progress on the XRP spot ETF application (Franklin Templeton) and CME futures launch has boosted market confidence. However, caution is needed regarding the risk of pullback due to the decline in on-chain activity (trading volume down 37% year-on-year); if it falls below the support of $2.15, it may retract to the range of $1.90-$2.00. It is recommended to closely monitor changes in trading volume and the effectiveness of the $2.23 breakout.