- *Current Price*: $2.42, with a 24-hour change of +2.98%
- *Key Levels*:
- *Major Resistance*: $2.36, which, if broken, could lead to a potential increase towards $2.50-$3.00
- *Strong Support*: $2.20 and $2.07
- *Technical Indicators*:
- *Bollinger Bands*: Starting to widen, indicating potential volatility and significant price movements
- *RSI*: Approaching the overbought zone, indicating strong buying momentum but caution is needed for potential corrections
*Fundamental Factors:*
- *Positive Adoption*: Wellgistics is using XRP for real-time payments in the healthcare sector, enhancing the token's utility and demand
- *SuperTrend Signal*: A buy signal supports bullish sentiment
- *Settlement with SEC*: The $50 million agreement reduces regulatory uncertainty, paving the way for further growth
- *Negative Whale Transfer*: A transfer of 29.53 million XRP to Coinbase may indicate potential selling pressure in the short term
*Price Predictions:*
- *May 11*: $2.34-$2.37
- *May 12*: $2.38-$2.42
- *May 13*: $2.40-$2.45
- *Medium-term Target*: $2.50-$3.00
According to Cryptonews, XRP's price could hit $2.35 by the end of 2025, with potential growth driven by institutional adoption and the Trump administration's support for the Web3 industry. In the long term, XRP's price could reach $5.87 by the end of 2026 and $116.02 by 2030, driven by increased adoption and pro-crypto regulations.