After a series of legal victories and bullish technical patterns, XRP is poised for a price jump that may surprise everyone.
📈 Latest Updates:
Legal Victories: On May 8, 2025, the U.S. Securities and Exchange Commission (SEC) reduced the fine imposed on Ripple from $125 million to $50 million, ending the legal dispute that had been ongoing since 2020 and confirming that XRP is not a security in the United States. Finance Magnates
Strong Performance: XRP recorded a 65% increase over the past month, surpassing the $2.60 level, with expectations of reaching $3.40 in the short term. Brave New Coin
Increasing Institutional Interest: data indicates an increase in whale accumulation and institutional capital flows, enhancing the coin's bullish momentum.
🔍 Technical Analysis:
Descending Wedge Pattern: the multi-month descending wedge pattern has been broken, indicating the possibility of achieving further highs.
Resistance and Support Levels:
Resistance: $2.68 (major liquidation area) and $3.40 (short-term target).
Support: $2.40 (strong support level) and $1.75 (in case of correction).
Moving Averages: the price is above the 20 and 50 period moving averages, indicating ongoing bullish momentum. Brave New Coin
📊 Price Predictions:
Short Term: Predictions of reaching $2.85 within two weeks. CoinDesk
Medium Term: Predictions of reaching $5.50 by the end of 2025. Finance Magnates
Long Term: Predictions of reaching $20 or more by 2030, with some optimistic forecasts suggesting the possibility of reaching $75. thecryptobasic.com
💡 Advice for Investors:
With legal improvements and strong technical momentum, XRP may be at the beginning of a new bullish wave. However, it is advised to monitor resistance and support levels and use appropriate risk management strategies.
📌 Are you considering investing?
XRP shows strong signs of recovery, and it may be a good opportunity for investors looking to enter the market before a potential price explosion.
