$XRP Eyes $2.50 Amid Bullish Momentum
XRP is currently trading at $2.40, showing resilience after recent volatility. The price has bounced from the $2.08 support level observed on May 6, 2025 . A breakout above the $2.21 resistance could propel XRP towards the $3 mark in the coming weeks .
Notably, XRP's 50-day and 200-day SMAs are converging, indicating a potential golden cross—a bullish signal last seen in November 2024 . Additionally, Ripple's recent SEC settlement and the acquisition of Hidden Road for $1.25 billion have bolstered investor confidence.
