[$XRP Update – May 7, 2025]

XRP is currently trading at $2.14, with a slight 24-hour dip of 0.15%. The market is showing mixed signals and the inverted H&S is still valid, but there are important developments we should know about:

Market Overview:

XRP recently touched a two-week low of $2.08, sparking concerns about breaking below the key $2.00 support.

Price pressure is being linked to bearish sentiment, U.S. political rhetoric, and investor caution ahead of regulatory events.

Regulatory Milestone:

Ripple’s Chief Legal Officer confirmed the SEC has dropped its appeal in the Ripple case. This is a major legal win that could boost long-term investor confidence.

Institutional Adoption:

Ripple is expanding its quarterly XRP Markets Report to provide deeper insights into institutional usage.

The company reported 4.56 billion XRP held, with 41.9 billion XRP in escrow.

Expert Forecasts:

Analysts remain cautiously bullish. Some say XRP could rally to $5 if legal clarity and adoption improve.

One expert even speculated that XRP could reach $500–$1,000 per coin if global banks fully adopt Ripple’s system though this remains speculative.

In Summary despite short-term price pressure, Ripple’s legal victory and growing institutional interest signal a strong foundation for XRP's future. Watch the $2.00 support level closely and stay tuned for updates from Ripple and the SEC.