As of May 9, 2025, $XRP XRP is trading at approximately $2.33, reflecting a 3.37% increase over the past 24 hours .
๐ Technical Outlook
XRP has recently broken above a descending channel, signaling a potential bullish reversal. Analysts suggest that maintaining a price above $2.21 could pave the way for a rally towards the $3 mark in the coming weeks .
Key resistance levels to monitor are at $2.36, $2.6, and $3. Conversely, support levels are identified at $2.00, $1.90, and between $1.70โ$1.60 .
๐ Analyst Perspectives
EGRAG Crypto: Emphasizes that XRP's movement above $2.41 would confirm a bullish trend, while a drop below $2.15 could indicate bearish momentum. Price action within this range is considered "micro noise" .
Egrag Crypto: Highlights a potential for XRP to experience a significant rally, possibly reaching new all-time highs, based on historical patterns .
๐ Market Sentiment & Activity
Recent data indicates a surge in XRP's network activity, with over 824 million XRP moved in a single day, suggesting increased bullish engagement .
However, some analysts caution that XRP may underperform compared to newer cryptocurrencies, citing potential shifts in investor focus .$BTC $BNB
