Skip to content
Crypto News Focus logo CNF_CRYPTO_NEWS_FOCUS_LOGO 8

Crypto News Focus

your day to day crypto news site

Primary Menu
  • Home
  • News
    • Bitcoin News
    • Ripple XRP news
    • Ethereum News
    • Cardano News
    • Shiba Inu News
    • Pi Network News
    • More
  • Analysis
  • PR Desk
  • About Us
  • General Policy & Privacy
  • Guides
    • Bitcoin Guides
    • Pi Network Guide
    • Cardano Guide
  • Politics
  • Tech
  • Home
  • News
  • XRP Price Flirts With $2 gaining 3.14% in the last day, Will Bulls Regain Control?
  • Analysis
  • News

XRP Price Flirts With $2 gaining 3.14% in the last day, Will Bulls Regain Control?

Sean Williams 8 May 2025
XRP IMAGE FEATURING BITCOIN AND ETH ON THE BACKGROUND
  • XRP is consolidating below key resistance levels, with technical indicators hinting at a potential breakout if it closes above $2.36.
  • However, declining on-chain activity and whale distribution raise caution, making the next few days crucial for determining its medium-term direction.

Ripple’s native token XRP is currently caught in a tense standoff, trading just below key resistance as momentum stalls. With the price consolidating and technical indicators sending mixed signals, traders are closely watching for a decisive move that could set the tone for XRP’s next major trend.

XRP PRICE CHART FOR 24 HOURS PERIOD
XRP Price | Source:TradingView

ALSO READ:Will Pi Network’s 231M Token Unlock Lead to a Price Crash?

Technical Picture: Tight Range Signals Potential for Breakout

Over the past week, XRP has declined by 1.3%, reflecting a phase of low volatility and uncertainty. The token is stabilizing in the $2.14–$2.19 range, with firm support at $2.00. This level has consistently acted as a defensive line for bulls, with deeper support sitting at $1.90—a crucial level from earlier breakouts.

On the upside, resistance lies at $2.36, $2.60, and $3.00. A close above $2.36 would be the first real sign that buyers are regaining control. The $2.60 level, last reached in late March, remains both a technical and psychological hurdle. Meanwhile, $3.00 would represent a symbolic reclaim of 2021 highs.

Momentum and Moving Averages: Market Awaits a Trigger

XRP’s momentum remains neutral, with the Relative Strength Index (RSI) hovering around 51. This suggests neither buying nor selling pressure is dominant. Meanwhile, the 20-day EMA and 50-day SMA have converged near current price levels, a formation that often precedes significant price movement.

A break above the descending trendline from the April 30 high could ignite the next leg upward. Analysts tracking Elliott Wave patterns believe XRP may be forming a bullish diagonal—a pattern often seen before a breakout. If confirmed, XRP could surge toward $2.60, and possibly retest the $3.00 barrier.

RELATED:Glassnode Report Reveals XRP as the Only Top Crypto With a Positive Cost Basis

XRP On-Chain Signals and Whale Activity Flash Caution

Despite the bullish setup, on-chain data tells a more cautious story. Daily active addresses have dropped to around 30,000, down from over 50,000 earlier in the year. Whale wallets holding over 10 million XRP have also been distributing in recent weeks, signaling a lack of strong conviction among large holders.

All eyes are now on two critical elements: price action around $2.36 and potential regulatory developments. A favorable update in Ripple’s ongoing battle with the SEC could act as a catalyst, lifting XRP sharply higher. However, failure to hold above $2.00 may send the token tumbling back to $1.90, shifting sentiment bearish.

As XRP trades in a tightly coiled range, the next breakout—up or down—could define its medium-term direction.

DISCLAIMER:
The views and opinions expressed herein are solely those of the author  and do not necessarily reflect the views of the publisher. The publisher does not endorse or guarantee the accuracy of any information presented in this article. Readers are encouraged to conduct further research and consult additional sources before making any decisions based on the content provided.

Continue Reading

Previous: Sui Bulls Target 15% Rally Backed by Adidas Deal and Record Open Interest
Next: Will Solana Hold $120 After Binance Dumps Millions in SOL

Related Stories

CARDANO MIDNIGHT NETWORK IMAGE
  • News

What Happened to Cardano’s Midnight Network: How 37M Users Will Benefit- Charles Hoskinson

Jane Kariuki 8 May 2025
SOLANA PRICE ANALYSIS IMAGE
  • Analysis

Will Solana Hold $120 After Binance Dumps Millions in SOL

Dennis Gatheca 8 May 2025
sui w
  • Analysis

Sui Bulls Target 15% Rally Backed by Adidas Deal and Record Open Interest

vivian 8 May 2025

For general inquiries, please email us at Info@cryptonewsfocus.com

Crypto news focus is your day-to-day crypto news site. Get all the latest News and trends in the crypto, blockchain, and DeFi space. For more info and inquiries, reach out via email at info@cryptonewsfocus.com

You may have missed

CARDANO MIDNIGHT NETWORK IMAGE
  • News

What Happened to Cardano’s Midnight Network: How 37M Users Will Benefit- Charles Hoskinson

Jane Kariuki 8 May 2025
SOLANA PRICE ANALYSIS IMAGE
  • Analysis

Will Solana Hold $120 After Binance Dumps Millions in SOL

Dennis Gatheca 8 May 2025
XRP IMAGE FEATURING BITCOIN AND ETH ON THE BACKGROUND
  • Analysis

XRP Price Flirts With $2 gaining 3.14% in the last day, Will Bulls Regain Control?

Sean Williams 8 May 2025
sui w
  • Analysis

Sui Bulls Target 15% Rally Backed by Adidas Deal and Record Open Interest

vivian 8 May 2025

Social Media

Crypto News Focus © All rights reserved | MoreNews by AF themes.
Go to mobile version
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok