XRP News Today: XRP Surges 20% This Month, Hits $2.65 Amid Bullish Trend

XRP, the native cryptocurrency of the XRP Ledger, has recently demonstrated a significant upward trend, reaching $2.65 as of May 14, 2025, with a 20% increase this month. This surge has been marked by higher highs and higher lows, a pattern indicative of a positive market trend. The price of XRP has closed two consecutive daily candles above a major resistance level at $2.46, confirming a clear bullish trend and ending the previous bearish phase.

However, despite the overall bullish sentiment, there are concerns about a potential crash. A crypto analyst has suggested that the XRP price is on the cusp of a major crash, which could send it to levels not seen since 2024. This warning comes as the price structure shows signs of a potential reversal, with key levels to watch for a crash being $2.3620 and $2.4690. If these levels are breached, it could signal a significant downturn for the cryptocurrency.

In the short term, the charts are flashing a small warning. A bearish divergence has appeared, meaning that while the price is still climbing, the RSI (Relative Strength Index) is starting to dip. This usually hints that the bullish rally might slow down temporarily. In the next couple of days, XRP’s price might either pull back slightly or move sideways. This isn’t necessarily bad news — a brief cooldown can actually be healthy for the market, helping indicators like the RSI reset and prepare for the next possible upward move.

If the price dips, the previous resistance level at $2.45 to $2.46 is expected to act as strong support. As for the upside, the next resistance points traders are watching are around $2.60, $2.77, $2.95, $3.15, and $3.30. The overall trend for XRP remains positive, and nothing much has changed in the last 24 hours. The market structure on the daily chart continues to look bullish, keeping hopes alive for further gains in the days ahead.

Key support levels for XRP have been identified at $2.3620 and $2.4690, while major resistance levels are at $2.6553 and $3.3330. The price analysis shows a critical resistance between $2.52 and $2.73, with the outcome of whether the price breaks out or not being crucial for its trend. Additionally, XRP has broken out of a multimonth falling wedge pattern, aiming for a potential upside target near $3.69 by June, up around 45% from the current price levels.

Market analysts are forecasting a potential XRP rally to $4.50, fueled by a confluence of bullish factors. Technical analysis reveals a hidden ascending channel, which could support this upward movement. Furthermore, an interesting outlook on social media platform X using Fibonacci levels suggests that XRP will reach $8.40 and $27 this cycle. However, these forecasts are based on technical analysis and should be considered speculative.

The bullish trend in XRP has been supported by increasing trader interest and risk appetite among large volume investors. Whales, especially those holding more than 10 million XRP, have increased their exposure to the token, betting on extended gains in the short term. This increased risk appetite signals confidence, boosting demand and potentially driving the price towards the mid-term target of $3.00. However, traders may see heightened volatility, with opportunities for gains but also risks of a sharp correction if whales sell to realize profit.

The Moving Average Convergence Divergence (MACD) indicator in the daily time frame validates the bullish momentum as it lifts above the center line. This, along with the MACD line’s crossing above the signal line and the expanding green histograms, suggests that XRP has the potential to close the gap toward $3.00. However, the Relative Strength Index (RSI) at 69.71 nears overbought territory, reflecting robust bullish momentum but also flagging a potential correction risk if traders opt to lock in profits at current levels.

In summary, while XRP has shown strong bullish momentum with key support and resistance levels identified, there are also warnings of a potential crash. The price structure and technical indicators suggest a volatile period ahead, with both opportunities for gains and risks of a sharp correction. Traders and investors should closely monitor these levels and indicators to navigate the market effectively.