XRP News Today: XRP Dips 1% But Bullish Signals Emerge
2min read XRP, the cryptocurrency associated with the Ripple network, experienced a slight dip today, with a decrease of more than 1% at the time of writing. Analysts have noted early signs of a bullish turnaround, as XRP has broken above a previous high in the Relative Strength Index (RSI). According to analyst Josh of Crypto World, this could indicate the end of the bearish trend. Additionally, if other major cryptocurrencies such as Bitcoin and Ethereum continue to rise, XRP could see more significant gains.
XRP is currently facing resistance around $2.45 to $2.46, a crucial level within a downward-trending price channel. Although there have been attempts to break through this resistance, a confirmed breakout has not yet occurred. Until this happens, short-term resistance is expected to hold. On the support side, XRP could find short-term buying interest around $2.31 to $2.33. Below this range, additional support is expected near $2.17, with even stronger support between $2.05 and $2.10 if prices fall further.
A key pattern visible on the chart is a triangle that formed after the 2017-2018 peak. This triangle likely ended with a breakout to the upside, starting a fifth wave that has pushed XRP much higher—an aggressive move that aligns with how these patterns typically behave. XRP has formed what looks like a five-wave rally from its April 7 low, potentially completing the first wave of a new uptrend. The price recently hit around $2.46, which matches projections. While a further push toward $2.56 or even $2.68 is possible, there’s no confirmation yet that the wave has topped. If the price falls below $2.26, it could signal the start of a corrective wave (wave 2).
On May 12, the price of XRP is expected to fluctuate within a specific range, influenced by various market factors. According to the latest predictions, XRP could find short-term buying interest around $2.31 to $2.33. Below this range, additional support is anticipated near $2.17, with even stronger support levels at lower prices. This indicates that investors may be looking for entry points around these levels, expecting potential price movements upward. The forecast for May 12 suggests that XRP could trade at approximately $2.41, with a potential high of $2.7859 and a low of $2.4213. This prediction is based on current market trends and investor sentiment, which has been bullish in recent weeks. The growing optimism among investors has fueled expectations of a potential surge toward the $3 mark, driven by increased adoption and partnerships within the Ripple ecosystem.
Looking ahead, the expected price range for XRP by the end of 2025 is between $1.788197 and $2.15, influenced by last month's market performance. Investors may witness a potential gain of 9.33% within this period. This forecast is based on the assumption that the market will continue to show positive trends, with XRP benefiting from its utility in cross-border payments and remittances. The long-term outlook for XRP is also positive, with predictions suggesting that the price could reach $4.5 by the end of 2026 and continue to rise in subsequent years. This bullish sentiment is supported by the increasing use of XRP in various financial applications and its potential to disrupt traditional payment systems. However, it is important to note that these predictions are subject to market volatility and external factors that could influence the price of XRP.
In summary, the price of XRP on May 12 is expected to be around $2.41, with potential for both upward and downward movements. The short-term support levels and the bullish sentiment among investors suggest that XRP could see gains in the coming days. The long-term outlook for XRP remains positive, with predictions of significant price increases in the next few years. However, investors should be aware of the risks associated with cryptocurrency investments and conduct thorough research before making any decisions.
