Ripple $XRP Price Analysis

Ripple (XRP) has been trading positively, fueled by strong bullish momentum in recent sessions. With XRP ETF approval odds soaring to 98% on Polymarket and applications from major firms like Grayscale, Bitwise, Franklin Templeton, and 21Shares, investor confidence is high, pushing bulls to target $2.50 and beyond.

Last week, XRP experienced volatility. On Saturday, May 31, the price dropped sharply to $2.08 but rebounded 1.58% to close at $2.17. Sunday saw a slight uptick, ending the weekend positively. Monday’s 1% gain brought XRP to $2.19, and Tuesday’s 2% surge pushed it to $2.24. However, momentum faded midweek, with a 2% dip to $2.20 on Wednesday and a 5% plunge to $2.06 on Thursday, settling at $2.09.

The recovery began Friday with a 3.16% rise to $2.16. Over the weekend, XRP gained 0.76% on Saturday and surged 4% on Sunday to hit $2.26. This week started strong, with a 2.36% increase on Monday to $2.32. Tuesday saw a 0.66% pullback to $2.30 after hitting a low of $2.26. Currently, XRP trades marginally higher as buyers and sellers vie for control.