After years in the regulatory wilderness, XRP is back in the spotlight, and this time, the charts are whispering something big. With price action heating up and bulls eyeing fresh highs, the coming days could define XRP’s next major move.
Some analysts are downright euphoric, forecasting a breakout run to $3.33–$5.85, with a long-term Wave 3 surge to $36 on the table. Recent bullish momentum, a break above critical resistance and a charged-up RSI are fueling the hype.
But not everyone’s convinced just yet as some analysts urge caution, warning that the risk-reward ratio looks shaky unless XRP holds the $2.50 level. A rejection here could mean a sharp retracement to $2.00, cutting the rally short before it really begins.
Meanwhile, on-chain guru Ali Marinez identifies $2.38 as a key support zone, a price floor that, if defended, leaves XRP with a clear sky and minimal resistance overhead. This week, XRP sits at a technical crossroads. Will the bullish firepower prevail or is a pullback looming before the real rally begins? Let’s dig into the charts and break down the levels that matter most.
XRP price prediction & analysis: Key resistance levels to watch this week
XRP enters the final week of May with mixed signals, technicals show a bullish structure forming, but traders remain split on short-term direction. After gaining over 340% in the past year, XRP is now trading around $2.33, holding steady amid a wave of consolidation. Analysts and on-chain data suggest this could be a critical week for the token’s next major move.
Source: Fxempire
Bullish traders like @DefendDark and @CasiTrades are optimistic, pointing to a potential breakout if XRP clears $2.60. They foresee a move toward $3.08, with longer-term projections as high as $5.85, or even $36 in a Wave 3 rally. Momentum indicators like RSI still show room to climb, and XRP remains above its key moving averages, adding to the bullish case.
But not everyone is convinced. @Nebraskangooner warns that unless XRP holds $2.50 as solid support, the risk-reward ratio doesn’t favor new long entries. A dip back to $2.00 is possible if resistance at $2.60 holds firm. Meanwhile, @ali_charts highlights $2.38 as a key level to watch, a breakdown here could open the door to deeper losses.
Bottom line: whether you’re eyeing $3 or bracing for $2, this week’s battle between bulls and bears is likely to set the tone for XRP’s next big move.
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Maisie is an experienced Crypto & Financial news journalist, having written for Moneycheck.com, Blockonomi.com, Computing.net and is Editor in Chief at Blockfresh.com
