$XRP Hello! On May 10, 2025, XRP is showing upward momentum with several developments and analyses indicating potential price increases. Here are the key points:

Price and Performance:

The price of XRP is around $2.38 - $2.40 on May 10, 2025.

There has been a notable increase in trading volume and price in the previous days.

Technical analysts are observing the breaking of important resistances and the formation of bullish patterns, such as bull flags.

The overall market sentiment appears positive for XRP.

Legal and Regulatory Developments:

A $50 million settlement between Ripple and the SEC seems to have been reached, which is seen as a positive catalyst for the price of XRP, removing a major uncertainty from the market.

There is anticipation around the possible approval of XRP ETFs (Exchange Traded Funds), with June 17 being mentioned for a decision on Franklin Templeton's application. The approval of an ETF could attract significant institutional investment flows.

Technical Analysis and Forecasts:

Analysts using Elliott Wave Theory predict significant upward movement for XRP, with some targets around $6.

Other analysts point to important resistance levels at $2.21 - $2.26, with breaking through these levels potentially leading the price to $3 or even $4.85.

The RSI (Relative Strength Index) is above 70 on some charts, indicating strong upward momentum.

The 50-day moving average is below the current price on the daily chart, suggesting it could act as support.

Other News and Catalysts:

Ripple is reported to have made an offer to acquire Circle (issuer of USDC).

The inclusion of XRP in the US cryptocurrency reserve in March 2025 is a mentioned positive factor.

The APEX 2025 conference in June is awaited for possible partnership announcements and product updates from Ripple.