Technical Analysis of XRP as of May 10, 2025:

Technical Analysis for XRP – May 10, 2025

Current Price: XRP is trading at $2.34, up 1.02% for the day.

Overall Trend: Horizontal accumulation with a slight upward tilt.

Support and Resistance Levels:

Main Support: $2.15, followed by $2.00.

First Resistance: $2.41, then $2.50. A breakout above this barrier could push the price towards $3.00.

Technical Indicators:

RSI Indicator: Ranges between 55 and 60, indicating moderate momentum.

Trading Volumes: Increased by 100% over 24 hours, reflecting growing interest.

Key Influential News

Ripple Settlement with SEC: A final settlement of $50 million has been agreed upon, relieving regulatory pressure on XRP.

CME Futures Contracts: Will be launched on May 19, 2025, which could open the door for institutional entry.

Strategic Partnership with Wellgistics: An American pharmaceutical company will use XRP for instant payment in a $50 million financing deal.

Potential Forecasts

Bullish Scenario: If it exceeds the $2.50 level, the next target will be $3.00, then $4.85.

Bearish Scenario: Breaking the support at $2.15 could lead to a decline towards $2.00, then $1.89.

Summary: XRP shows positive signs supported by regulatory news and tangible partnerships, but it remains essential to monitor the levels of $2.15 and $2.50 to confidently determine the next trend.