XRP is trading at $2.14 at the current time, slightly up by 1.23% from 1 day ago. Trading volume decreased by 2.36% to reach $2.42 billion. XRP has decreased by 4.41% during the last 1 week, with evident signs of market consolidation.
Analyst Ali highlights the $2.00–$2.26 zone as pivotal for XRP’s next move. On his chart of XRP/USDT on Coinbase, in the 4-hour view, he depicts a falling triangle. Resistance has decreased steadily from $2.80 in March down to $2.26 in May, with support holding at $2.00. This is indicative of a probable break, but undecided in which direction.
Long-term outlook for XRP stays positive
In spite of short term volatility, the long term outlook is bullish. XRP is likely to break above past resistance levels at $3.84 and $4.52 to incrementally rise to levels above $4.70 before the year 2025.
XRP reached its peak in January 2025 at $3.39 before declining below $2.10, signaling a volatile year’s opening. However, experts feel the token’s fundamentals and market stance favor yet another rally, given increased institutional demand and worldwide ETF approvals.
Ripple wins case as SEC ends legal fight
Ripple’s Q1 report validated the official conclusion of its legal fight with the SEC. The commission backed away from its appeal and reduced its intended fine, to the relief of the XRP community. In another positive development, the U.S. signaled support for crypto by introducing regulatory reform and bipartisan stablecoin initiatives.
Ripple’s purchase of Hidden Road for $1.25 billion sets up XRP for increased institutional adoption. RLUSD will serve as collateral in the prime brokerage services, and XRP Ledger’s integration will lower costs. On-chain activity slowed slightly, but trustline growth and RLUSD demand are still strong signals for long-term health.
