XRP News Today: XRP Rallies 25% From May 8 Low, Faces Resistance At $2.71

XRP, the cryptocurrency, is currently trading near $2.50, showing signs of recovery after a sharp decline from its recent highs. The price rejection occurred after a notable spike toward $2.65 on May 12, which marked the upper boundary of a key resistance range. Over the weekend, XRP broke out of a descending wedge pattern, rallying past major resistance levels at $2.35 and $2.45, which triggered short-term momentum.

The 4-hour chart indicates a healthy structure of higher lows forming after a successful retest of previous resistance-turned-support. However, traders are cautious as the asset shows signs of intraday exhaustion after a near 25% rally from the May 8 low. On the daily timeframe, XRP price action broke above a multi-month descending trendline, clearing key resistance around $2.25. The move was accompanied by a strong RSI surge, which has now cooled back to the neutral zone. The latest candle shows a long upper wick, indicating profit-taking pressure near the 0.618 Fibonacci retracement level around $2.71.

On the 4-hour chart, XRP has entered a consolidation range between $2.45 and $2.58. The Bollinger Bands are wide, reflecting elevated XRP price volatility, while the price remains above the 20-EMA ($2.43) and 50-EMA ($2.33), both offering dynamic support. A sustained hold above $2.45 keeps the bullish bias intact. The MACD histogram is turning positive again after a short dip, hinting that buyers may re-enter if the $2.50 level holds. Ichimoku Cloud support on the 4-hour is intact, with price hovering just above the cloud and Tenkan-Sen baseline at $2.47. This supports the idea of a continuation move if volume increases. The 30-minute chart confirms this narrative, showing XRP reclaiming a falling wedge breakout near $2.48 with a short-term target back at $2.58 and then $2.65.

The recent price action of XRP is largely tied to the breakout from its April downtrend and recent reclaim of multi-week support. The bullish sentiment was reinforced by the break above $2.35, a zone that capped rallies in late April and early May. With market-wide altcoin strength resuming, XRP followed suit with increased volume during the upside move. Also notable is the weekly Fibonacci retracement level near $2.50, which aligns with the 0.5 fib zone of the Nov–March downtrend. If XRP closes above this threshold, the next major resistance lies near $2.71, followed by $3.01.

Heading into May 14, the short-term outlook remains cautiously bullish. Key levels to monitor include $2.35 as support, $2.45 as intraday demand zone, $2.58 as resistance, and $2.65–$2.71 as Fib resistance and rejection zone. Momentum indicators like RSI and MACD crossover suggest buyers are trying to regain control. However, failure to hold above $2.45 may invite sellers toward $2.35 again. The XRP price remains in a constructive phase as long as $2.45 holds. The recent rally has not entirely lost steam, but momentum needs to build soon to challenge $2.65–$2.71 again. A break above that zone would open doors toward $2.85 and possibly $3.00. For now, May 14 could be a decisive session as traders gauge whether this pullback was just a pause or the start of broader profit-taking.