Could the price of XRP reach 4 dollars in May? Analysts are watching these key levels

The price of XRP is rising today as macroeconomic conditions improve, but traders say that key support levels must be maintained to sustain a recovery to new all-time highs.

Key takeaways:

The price of XRP rose by 2% on May 7, driven by optimism from trade talks between the United States and China, with a key support at USD 2.08 critical for sustained recovery.

Whale accumulation indicates the strength of the price of XRP.

Analysts say that the price of XRP must stay above the support of USD 1.83–USD 2.00 to continue rising.