XRP Price Prediction & Analysis: $5 Target in Sight as Legal Battles Ease
TLDR
XRP has maintained price above $2 for nearly five months, a first in its price history
Currently trading at approximately $2.37-$2.41, with 2.77% daily gains
Analyst “Guy on the Earth” predicts potential rise to $5.30
Critical resistance levels identified at $2.41-$2.45 and $2.96
Ripple’s legal battle with SEC shows positive developments, including a $75 million settlement
XRP, the native cryptocurrency of the Ripple network, has been showing remarkable resilience in recent months by maintaining its position above the $2 price level. This price point has historically acted as a strong resistance for XRP, making the current breakthrough particularly noteworthy for investors and traders alike.
XRP’s price journey has been tumultuous since its inception. In March 2017, XRP saw a dramatic price increase from $0.0055 to an all-time high of $3.80 in January 2018.
After reaching this peak, XRP experienced a sharp decline. The coin first broke through the $2 mark on December 30, 2017, but fell below it again just two weeks later on January 13, 2018.
This pattern established the $2 level as a stubborn resistance point rather than a reliable support level for the cryptocurrency.
In April 2021, XRP attempted another breakthrough, reaching $1.96 but failing to cross the $2 threshold. From January 2018 to December 2024, this $2 line consistently capped price action for almost seven years.
Every time XRP approached this barrier, it retreated back to the $1 range, frustrating long-term holders and traders alike.
XRP
XRP Price
Breaking the Pattern
The situation changed dramatically in December 2024 when XRP finally cleared the $2 trendline amid broader market optimism. What makes this breakthrough significant is its duration – XRP has now maintained a position above this line for almost five months.
This represents the longest period XRP has ever stayed above the $2 mark, suggesting a potential shift in market dynamics for the cryptocurrency.
Currently trading at approximately $2.37-$2.41, XRP has recorded modest gains of about 2.77% in the past day. On larger timeframes, XRP holders are seeing substantial returns with gains of 10.17% weekly and 23.37% monthly.
Market analyst known as “Guy on the Earth” has highlighted the importance of this $2 support level. He previously predicted a rise to $3.30, which has already occurred, and now suggests a potential target of $5.30.
Thats about as clean as it gets.
This time it is different.
This time it’s XRP. pic.twitter.com/9mK8QVuQVX
— Guy on the Earth (@guyontheearth) May 9, 2025
According to another market expert, Crypto Egrag, XRP faces critical resistance at the $2.41-$2.45 range. This price zone aligns with the descending trend line of the market correction that dominated the first quarter of 2025.
#XRP — Crossroads 
Even if #XRP drops that deep, remember — it’s just MACRO noise. 
Yes, MACRO noise — read it again. It’s noise, not the real trend! 
In the short-term, #XRP needs to close above the red line and primarily stay above $2.41–$2.45 to confirm strength… https://t.co/LDn2SXMate pic.twitter.com/JYfgxyHFwE
— EGRAG CRYPTO (@egragcrypto) May 10, 2025
To strengthen its bullish case, XRP must move and maintain a position above this resistance to neutralize bearish pressure.
Egrag also identifies $2.96 as another crucial price level that XRP must reclaim to confirm a sustainable uptrend. This level represents the next major price resistance after the descending trendline.
Legal Developments
The price action occurs against a backdrop of positive legal developments for Ripple. On May 8, the SEC announced a settlement that includes the return of $75 million held in escrow to Ripple.
This settlement comes months after the Commission signaled its intentions to terminate its appeal case against the blockchain company.
With a market capitalization of $241.95 billion, XRP remains the fourth-largest cryptocurrency and third-largest altcoin in the digital asset space.
The general market sentiment among XRP investors remains bullish, supported by both technical price action and favorable legal outcomes.
While Bitcoin has reclaimed levels above $100,000 and Ethereum is trading over $2,300, XRP’s price movement has been more measured but steady.
If XRP fails to break convincingly above the $2.41-$2.45 range, some analysts warn it could retest lower levels around $1.2-$1.3, which would represent a potential 46.05% decline from current prices.
However, many analysts view such a retracement as an accumulation opportunity within a longer-term bullish trend.
For now, the focus remains on whether XRP can maintain support above $2 and challenge higher resistance levels in the coming weeks.
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Filed under: News - @ May 12, 2025 9:26 am