- XRP’s breakout above $2.33–$2.35 signals renewed bullish momentum and market optimism.
- Analysts predict XRP could surge toward $5.85–$6.39, backed by strong technical signals.
- Ripple’s partial SEC settlement boosts confidence, reducing legal risks for XRP holders.
XRP has experienced a notable surge in recent weeks, breaking past significant resistance levels and entering a new phase of bullish momentum. Recently, the cryptocurrency soared above $2.33–$2.35, marking a key breakout point after a lengthy period of consolidation. As of press time, XRP is trading at around $2.40, reflecting a 9.46% increase over the past week.
This price action has sparked renewed optimism among traders and analysts, who are predicting further upward movement.
Analysts Weigh In on XRP’s Bullish Potential
According to a detailed analysis from Dark Defender, XRP has already surpassed crucial resistance zones, including the $2.22–$2.36 range. With this, XRP is showing strong signs of continuing its upward trajectory, potentially reaching targets between $5.85 and $6.39. Dark Defender points out that the price correction to $2.07 was expected after the initial surge, as the market entered a temporary consolidation phase.
Hi all,
— Dark Defender (@DefendDark) May 10, 2025
XRP had a clear break on the weekly time frame after surpassing $2.2222 and touching $2.3620.
We expected a correction and had it to $2.07 ($2 levels were the target)
Monthly Wave 5 is progressing full speed.
Weekly RSI will turn bullish this week, which endorses our… pic.twitter.com/lUoX6t27Sa
However, the analyst firmly believes that the Monthly Wave 5 is progressing at full speed, and the bullish trend will continue. Dark Defender further suggests that XRP’s current market structure supports a rise to higher levels, especially as the Weekly RSI (Relative Strength Index) turns bullish.
Meanwhile, Ali Martinez, another prominent analyst, notes a recent buy signal from the SuperTrend indicator for XRP. This technical signal further supports the view that XRP is poised for bullish movement.
The SuperTrend indicator just flashed a buy signal for $XRP! pic.twitter.com/I6X7crn1zE
— Ali (@ali_charts) May 10, 2025
The combination of these technical indicators suggests that the token is in the early stages of an upward trend. With market participants closely watching for confirmation, XRP’s price action in the coming days will be crucial in validating these forecasts.
Ripple’s Legal Progress: A Game Changer for XRP
Beyond the technical indicators, Ripple’s legal victory against the U.S. Securities and Exchange Commission (SEC) has significantly boosted market confidence. The SEC’s lawsuit against Ripple, accusing the company of unlawfully selling XRP tokens as unregistered securities, has cast a long shadow over the token’s price.
However, recent developments indicate that the legal battle may soon come to an end. Ripple and the SEC have petitioned the court for a partial settlement, with Ripple agreeing to pay $50 million of the initial $125 million. This marks a positive step for the company, signaling a potential resolution that could lift the uncertainty surrounding XRP’s future.
