XRP Rebounds from Critical Support, Eyes $3.00 Rally in Renewed Bullish Momentum

XRP has demonstrated resilience by rebounding from a crucial technical support zone, sparking Optimism among traders for a potential rally toward $3.00. The cryptocurrency’s recovery from the convergence of its 200-day moving average and a 0.618 Fibonacci retracement level suggests strong buyer interest and the possibility of renewed upward momentum. As of May 6, 2025, market participants are closely monitoring the technical structure to gauge whether XRP can sustain its bullish trajectory and achieve this ambitious target.

Ripple Reclaims Key Technical Support, Eyes $3.00 Rally

XRP has rebounded from a critical support zone where its 200-day moving average converges with a 0.618 Fibonacci retracement level. The recovery suggests potential for renewed upward momentum, with traders eyeing a possible run toward $3.00 if the current technical structure holds.

The cryptocurrency tested the lower boundary of its long-term trading channel, finding strong buyer interest at this confluence of indicators. market participants now view the pullback as a potential accumulation opportunity, provided XRP maintains its footing above these key levels.

XRP Faces Sell Pressure Amid Declining Network Activity and Spiking Volume

XRP’s price hovered NEAR $2.13 on Tuesday, marking a 2.7% decline over 24 hours despite a 5% weekly gain. The cryptocurrency closed below its 50-day EMA at $2.20, fueling bearish sentiment. Technical indicators suggest further downside risk, with the RSI dipping to 47 on the daily chart—below the neutral zone.

Network activity on the Ripple ledger has slumped sharply, compounding concerns. Trading volume spikes signal heightened market caution, with investors weighing whether recent gains can hold. The lack of fundamental catalysts leaves XRP vulnerable to technical selling pressure in the near term.

XRP Trading Volume Holds Steady at $3.2B Amid Declining XRPL Activity

Ripple’s XRP maintained an average daily trading volume of nearly $3.2 billion across top-tier exchanges in Q1, signaling sustained institutional and retail interest despite volatile price action. The resilience comes alongside a sharp contraction in on-chain activity on the XRP Ledger (XRPL), highlighting a divergence between trading enthusiasm and network utilization.

Spot markets saw intermittent surges, with daily volumes peaking above $16 billion during late January and early February. Binance dominated exchange activity, capturing 40% of XRP trades, while Upbit and Coinbase accounted for 15% and 12% respectively. Bybit’s market share eroded significantly following a February security breach that disrupted operations.

Ripple Labs Commits $25M in RLUSD Stablecoin to U.S. Education Initiatives

Ripple Labs is channeling $25 million of its Ripple USD (RLUSD) stablecoin into American classrooms through partnerships with DonorsChoose and Teach For America. The funding, timed for Teacher Appreciation Week, targets resource gaps in underserved schools.

The blockchain firm’s humanitarian push aligns with its growing emphasis on corporate social responsibility. San Francisco-based Ripple frames the initiative as an investment in both educators and future generations, though the announcement leaves unspecified how blockchain integration will enhance the donation mechanism.