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XRP Price Prediction for May 24: Bulls Eye the $3.00 Mark

Jonathan Carls by Jonathan Carls
May 23, 2025
in Binance Feed, Market, News, Price Analysis
Reading Time: 3 mins read
XRP Price Prediction for May 24 Bulls Eye the $3.00 Mark
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  • XRP holds firm above $2.30 support, eyeing $2.70 Fibonacci level for breakout.
  • MACD shows bullish trend while RSI hints at potential near-term consolidation.
  • Analysts compare current XRP phase to 2017 rally, targeting $27 by late July.

XRP continues to show resilience as its price steadily climbs, attracting the attention of market analysts and retail investors alike. With the price standing at $2.44 as of press time and a 24-hour trading volume surpassing $3.46 billion, the digital asset is demonstrating subtle yet consistent momentum. 

While gains over the past 24 hours and 7 days remain modest, technical indicators suggest a more explosive movement could be imminent. Analysts are now comparing this phase to XRP’s historic rally in late 2017, pointing to a potential breakout that could see the price surge past $27 in just two months.

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Technical Support and Resistance Levels

As per analysis by EGRAG CRYPTO, an analyst, XRP’s 21-week Exponential Moving Average (EMA) is currently acting as a strong support base. Holding above $2.30 is essential for sustaining bullish momentum. 

Any dip below this level might weaken investor confidence. However, staying above it reinforces XRP’s ability to challenge higher price levels.

For the next major move, analysts are watching the Fibonacci 1.414 level around $2.70. A daily or weekly close above this could confirm bullish strength. Furthermore, surpassing the recent high of $3.00, last recorded in February 2025, would reinforce a breakout pattern. These levels must be monitored closely as they represent key psychological and technical thresholds.

Cycle and Momentum Analysis

Historically, XRP has demonstrated the ability to rally sharply in short bursts. In 2017, the token skyrocketed by over 1,700% in just 63 days. If this cycle repeats, a new peak might emerge around July 21, 2025. 

This date also aligns with broader market optimism, where Bitcoin could simultaneously approach a new all-time high. Hence, XRP’s bullish trajectory may not occur in isolation but rather as part of a market-wide surge.

XRP/USD daily price chart, Source: TradingView

Momentum indicators currently support this outlook. The MACD line remains above the signal line, indicating ongoing upward pressure. 

However, the shrinking histogram hints at possible short-term consolidation or a minor pullback before a fresh leg up. The RSI at 57.20 shows that the asset is neither overbought nor oversold, which adds to the credibility of a consolidation phase before further gains.

Tags: Price AnalysisRipple (XRP) News

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