Key Takeaways
- Whale activities for XRP increase as a strong bullish price rally remains imminent towards $5 new highs.
- Crypto experts drop a bold $15 price prediction for XRP as price breaks out from a classic bullish pattern.
- Traders and investors eye $2.5 XRP resistance as the price could show a strong rally above this zone.
The cryptocurrency market is bubbling with some great volatility to the upside in the last few weeks as the market saw the price of Bitcoin rallied from a region of $74,000 to a high of $105,000 as the price attempt to reach new all-time highs of $120,000 before the end of May heading into June as its bullish price action continues to have a positive effect on altcoins like XRP.
XRP has attracted strong predictions in the last few days among top crypto experts on its potential to rally above $5 in May and the possibility of the price hitting a high of $15. XRP’s strong bullish breakout from its downtrend and classic bullish pattern has formed a strong analysis from crypto experts of a possible rally to $15.
XRP $15 Price Theory In May
Source – XRP Volume Surges From Coinglass
Following a lengthy downtrend towards its key support zone of $2, XRP’s price has shown strong resilience in the last couple of days. After trading in a range for some weeks now, the price has broken out with strong volume to the upside. As the price approaches the key resistance of $2.5, increasing volume is expected as bulls are expected to break above this region.
On-chain data from Coinglass for the XRP price suggests a surge in the volume of XRP compared to the last three months. This recent volume surge could influence the XRP price to the upside, as the price has the potential to trade above $3.
Crypto expert Ali Martinez, a strong advocate of XRP in the last few months, has taken to his X account to speculate that XRP’s price potential could rally to $15 after a strong breakout from its bullish pattern to the upside.
Ali Martinez further backed the recent bullish price action of XRP with more technical indicators suggesting a strong bullish rally. He stated that the SuperTrend indicator for XRP flashed a strong buy, which in the past has been followed by a rally from XRP as the price could hit new highs in May.
XRP Technical Analysis – Is XRP Targeting $15 For May?
Source – XRP 1D Price Chart From TradingView
The price of XRP has shown strong bullish dominance following its breakout from a downtrend. As the price is prepared to rally to new highs, it is battling key resistance above $2.5 to $2.6. Overall, price action is bullish, with strong higher timeframe confirmation.
A breakout and close of the XRP price above $2.5 ahead of the week could see a strong push by whales to a high of $3 and $5, as whale buy activities in the past few days have increased for XRP, suggesting a strong bullish rally to the upside could happen soon.
Crypto experts and investors believe the price of XRP could reach a double-digit figure before the third quarter of 2025 if it breaks above $5.
