Key Takeaways
- XRP continues to struggle, trading below the key resistance zone of $5, as the price must break this zone for a bullish rally.
- Despite fundamental and macroeconomic news favouring XRP, the price has failed to meet market expectations.
- XRP’s price breaking above a high of $3 with strong volume could see the price rally towards $5.
Bitcoin’s recent price action has been good for the cryptocurrency market following a strong rally towards $98,500. However, it has faced a minor rejection in the last few days, possibly a slight price correction before a continued rally towards $100,000.
Ripple (XRP) remains a key focus for altcoins in the crypto space, gaining the attention of whales and institutional investors looking for altcoins with huge prospects for the future. XRP’s fundamental news continues to take the headlines, with news of the Ripple team willing to buy off Circle’s USDC with a bid of $5 billion and $20 billion rejected.
Ripple’s CEO, Brad Garlinghouse, has expressed the team’s desire to make XRP a key figure in cross-border payment, leading to such bids and XRP stablecoin (RLUSD) still in the works. Things are beginning to shape in favour of XRP’s team, but the price continues to struggle.
XRP’s struggle towards a region of $1.6, indicating an over 50% crash before April, increased panic and fear for its traders and investors. The price of XRP enjoyed a relief bounce from its low of $1.6 towards a high of $2.33, leading to strong speculation of a potential breakout above $2.5.
While the price of XRP continues to struggle below the key resistance of $2.5, crypto experts and analysts believe it is in the right direction. Adoption by traditional banks and finance companies as a means of payment could ignite the spark missing from XRP in recent times.
XRP Price Prediction For May 2025 As Market Experts Target $5
Source – XRP 1D Price Prediction For May From TradingView
In 2025, XRP made many headlines in the media due to macroeconomic factors and fundamental news that could boost its price, such as the purchase of Hidden Road broker firm and the resolution of U.S. and SEC lawsuits. However, its price has struggled to break above the key resistance of $2.5 in the last three months.
While XRP’s bullish sentiment is still alive despite its price crash, the price of XRP has struggled to match its price rally from $0.65 to a high of $3.45, hitting a historical high. The price of XRP needs to break above a high of $2.5 towards $3 to resume its bullish price action; otherwise, the price could decline towards $2, acting as major support for the price.
If the price of XRP breaks above $2.5 with volume to the upside, there is strong potential for the price to trade towards the high of $3 and possibly $5 in May following a strong close around $2 above the key zone.
