XRP news today: XRP Stabilizes Above $2.21 After Multi-Month Uptrend

XRP, the cryptocurrency associated with Ripple, is currently trading around $2.21 as of May 1, 2025. This price point follows a multi-month uptrend that peaked near $3.40 in early March. The asset has since entered a corrective phase but continues to hold higher timeframe support levels, suggesting stabilization before its next directional move. The overall market sentiment is neutral to slightly bullish, as XRP remains above key Fibonacci support zones and is attempting to reclaim broken trendlines on lower timeframes. However, the lack of strong volume during the bounce from April lows keeps bullish conviction in check for now.

On the weekly timeframe, Fibonacci retracement levels drawn from the $0.45 swing low to the $3.40 high provide a solid framework for understanding the ongoing correction. XRP is currently trading between the 0.382 and 0.5 levels, holding above the $1.91 zone, which historically serves as a strong institutional accumulation level. A successful defense of this area could fuel a fresh leg up toward $2.70 and $3.00. On the downside, a breakdown below $1.91 would open up the $1.56 zone, a key mid-cycle retracement level, followed by the $1.07 handle. As long as XRP stays above the 0.5 retracement at $1.91, the macro trend remains intact.

Ask Aime: "Should I buy XRP now?"

The daily chart shows XRP has broken out from a descending trendline structure that extended from its March highs. Price is now in the process of retesting the breakout region near $2.20. Immediate support is at $2.00–$2.10, with critical support at $1.70. Upside targets are set at $2.40 and $2.70. Despite the pullback, price action remains constructive, with multiple bounces from the $2.00–$2.10 zone suggesting buyers are still present. However, a decisive breakout above $2.35 is required to reestablish bullish control.

Zooming into the 4-hour chart, XRP is trading within a symmetrical triangle pattern that’s compressing price between $2.10 and $2.35. LuxAlgo’s dynamic trendline projection puts the breakout point around the first week of May. This structure typically resolves in a strong move—direction dependent on whether buyers can overcome descending supply or if bears reclaim short-term control. A bullish breakout zone is set at $2.35–$2.40, with a bearish breakdown zone at $2.10. Short-term targets are $2.60–$2.70 for a bullish scenario and $1.90–$2.00 for a bearish scenario.

Momentum indicators suggest a cautiously neutral outlook. The RSI (4H) is currently at 46.18, below the midline of 50, reflecting slightly bearish pressure. However, a bounce above 50 would confirm momentum shifting in favor of buyers. The MACD (4H) line is just below the signal line, with histogram bars fading, showing bearish momentum weakening. Bollinger Bands indicate that price is compressing within tightening bands, suggesting a volatility squeeze and imminent expansion. All indicators suggest a buildup phase rather than a full directional trend. A clean break outside of the triangle will likely align with RSI > 50 and a MACD bullish crossover, signaling confirmation for momentum traders.

Looking at the 4-hour EMA stack, XRP is currently oscillating between the 50 and 200 EMAs. The 200 EMA near $2.23 remains a key level to reclaim for trend confirmation. A break and hold above this level would likely catalyze a bullish breakout toward $2.60+. Until that happens, XRP may continue to chop in this zone.

For May 2025, XRP is coiling within a well-defined structure. If bulls reclaim $2.35 on volume, the token could retest $2.70 and potentially challenge March highs near $3.00. On the flip side, failure to defend $2.10 would expose XRP to deeper retracement toward $1.90 or even $1.70. The base case remains consolidation between $2.00 and $2.35 until directional confirmation emerges.