XRP Price Prediction: Bullish Momentum Targets $3 Amid Key Breakouts
XRP’s bullish rally continues to gain traction as technical indicators and favorable macroeconomic conditions suggest potential for further gains. Currently trading around $2.40, XRP has shown resilience despite short-term volatility. Analysts highlight a breakout above a long-standing descending trendline and positive developments in the SEC lawsuit as key catalysts. With growing whale activity and market optimism, the stage is set for XRP to potentially retest $3 in May 2025.
XRP Price Prediction: Can XRP Break $2.50 and Set the Stage for a $3 Retest in May?
XRP’s bullish rally continues to captivate traders as technical indicators and shifting macroeconomic dynamics fuel optimism. The token, currently trading around $2.40, has maintained an upward trajectory despite short-term volatility. Analysts point to a breakout above a long-standing descending trendline and growing confidence following the partial resolution of the SEC lawsuit as key drivers.
Whale activity, however, introduces a note of caution. Two massive transactions—each involving 29.53 million XRP—were recently moved to centralized exchanges, raising questions about the sustainability of the rally. Market sentiment remains mixed as traders weigh the potential for XRP to break through resistance and retest the $3 mark later this month.
XRP News Today: XRP Rallies on Trump Support Amid Legal Turbulence and $360M Sell-Off
Former President Donald Trump’s recent endorsement of XRP has sent shockwaves through the cryptocurrency market. In a post on Truth Social, Trump suggested XRP could rival the U.S. dollar—a statement that sparked intense debate across political and financial circles. The remarks appear to have been influenced by pro-XRP advisors, raising questions about misinformation in the crypto space.
The announcement, which included adding XRP to the U.S. strategic reserve, triggered a significant market reaction. However, the rally comes amid ongoing legal challenges for Ripple and a reported $360 million sell-off. Market analysts are divided on whether this political support can sustain XRP’s momentum given the regulatory uncertainty surrounding the asset.
XRP Outperforms Crypto Market with 10% Surge as Open Interest Tops $5B
XRP rallied more than 10% in 24 hours, eclipsing broader crypto market gains. The token reached $2.59—a level unseen since March—as derivatives traders piled into bullish positions.
Over $20 million in Leveraged positions were liquidated during the move. Open interest in XRP futures contracts ballooned to $8 billion by early 2025, reflecting a 300% surge since November 2024’s U.S. election.
The momentum coincides with growing institutional confidence in XRP’s regulatory clarity, with traders positioning for continued upside through derivatives markets.
XRP Briefly Overtakes Tether to Become 3rd Largest Cryptocurrency
XRP surged past Tether in market capitalization, briefly claiming the third spot among cryptocurrencies. The asset’s price eclipsed $2.61 for the first time since early March before retracing to fourth place.
Technical indicators show renewed strength, with the 3-day Relative Strength Index breaking past prior resistance. This marks a potential reversal from months of constrained growth under bearish divergence patterns.
