Key Takeaways
- XRP price defies minor market retracement as price looks set for a rally above $3.
- Crypto experts predict that XRP’s price will break above $7 before the end of May following a strong bullish breakout.
- XRP price could see a potential 100% rally above $3, as the price could rally without major resistance.
XRP has regained its price above the key resistance of $2.5, which has prevented its price from rallying for months now. Previous price rallies on several occasions have seen its price rejected towards key support of $2 to $1.6. The price of XRP has demonstrated different price action as the price broke out from its downtrend price action on a higher timeframe, suggesting the price is primed for an uptrend rally.
The current price action demonstrated by XRP has led to widespread speculation from crypto experts and investors. The price of XRP could see a strong rally towards a high of $3 and above, setting up the momentum needed for the price to rally towards a potential $7 or double-digit price of $10.
The recent XRP breakout has been likened to the breakout seen before its rally from a region of $0.6 to a high of $3.4, before the price crashed by over 50% towards a key weekly support zone of $1.6.
Is XRP Worth Buying? Market Reaction To XRP Price Rally
On-chain analyst Ali Martinez has strongly followed the price action of XRP and has analysed its price actions for weeks now. In a recent analysis on his X account, he suggested the price of XRP has broken out of its downtrend with a classic bullish pattern. The price could rally towards a high of $15 in the coming month, which would be astronomical for many traders and investors with strong sentiment for the XRP price.
Ali Martinez, in his post, also suggested that the price of XRP has formed strong support around $2.3. The price will continue its rally to the upside, with no resistance holding it from a rally towards $3 and above in the coming days or weeks.
Thescalpingpro, a top crypto analyst on his X account, also compared the XRP price rally of the 2018 bull market to 2025 as he has a strong conviction of a potential price rally from the current point to a high of $7 in the coming months after breaking out of its downtrend.
Is XRP A Buy Or Sell Today?
Source – XRP 1D Buy Signal From TradingView
Current XRP price action points to a potential price rally towards $3 and a continued price to $5, which would be a 100% rally from its present point. XRP has demonstrated one of the most bullish price actions despite the market suffering a minor retracement.
Technical and fundamental indicators are all in sync, suggesting a breakout for XRP above $2.65 could see a strong price gain towards $3. FOMO from retailers and investors could potentially push XRP’s price to $5 and beyond.
Overall, price action for XRP is a buy, with support around $2.3 and targets aimed at $3 and $5, respectively, in the coming days or weeks, likely before the end of May.
