XRP News Today: XRP Stable at $2.29, Trump Announcement Boosts Price

EGRAG CRYPTO, a well-known analyst in the digital asset sector, has provided an updated assessment of XRP’s market position, focusing on its price movement within the established Bull Market Support Band (BMSB). As of May 5, 2025, the analyst noted that XRP’s price trend has remained stable since April 30, with the market continuing to hold within the established support zone, indicating a period of short-term stagnation.

The support band is defined by two critical levels: the upper boundary at $2.41 and the lower boundary at $2.15. XRP is currently trading at $2.29, having risen since Donald Trump’s recent announcement. The asset is trading within these key boundary levels, which the analyst identifies as a critical area distinguishing between bullish and bearish momentum in the short term. A close above the $2.41 threshold would indicate strong bullish sentiment, while a decline below $2.15 would suggest a bearish reversal.

Despite the narrow range, EGRAG CRYPTO emphasizes that XRP remains stable, with no disruptions to the broader market outlook. The analyst’s analysis predicts short-term behavior, and the digital asset’s long-term perspective remains positive as experts predict massive breakouts. The chart shows that XRP has experienced minor fluctuations around the support levels over the past few weeks, with brief touches near the lower bound and modest rebounds, but none have resulted in a sustained directional breakout. Its position is visibly constrained within the BMSB, with the price hovering near the midsection of the support zone, suggesting a temporary equilibrium between buying and selling pressure.

Should XRP begin to close below $2.14 consistently, EGRAG CRYPTO identifies $1.90 as the next critical level to monitor. This level would act either as a point of price retest or serve to reaffirm the previous support. For now, EGRAG CRYPTO advises that XRP remains within the valid boundaries of the BMSB and states that “no significant deviations to report” have occurred. If the asset falls, it could rebound to $1.90 and begin building toward another breakout. If it breaks above $2.41, that gives the asset the boost the community has been anticipating, and we could see the asset finally cross $3 again soon.