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Anjali Belgaumkar
Anjali Belgaumkar
Author
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.
- May 24, 2025 05:02 UTC
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XRP Price Prediction For May 24
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XRP $ 2.34 (-3.55%) 
XRP holds strong support at $2.30, aiming for a breakout above $2.55–$2.62 to fuel a bullish rally with potential targets near $2.61.
XRP’s short-term pullback won’t break the bullish trend if $2.30 holds; watch for a possible five-wave rise or a healthy correction above $2.15.
XRP has been cooling off a little in the short term, but the overall market structure still remains bullish. The price is continuing to form higher lows and higher highs on the daily chart — a positive sign for traders and investors.
Current Support and Resistance Levels
At the moment, XRP is finding strong support around $2.30 to $2.34. As long as the price stays above $2.30, the bullish trend remains intact. However, if XRP falls below this level with a confirmed daily candle close, there’s a chance it could drop further toward the $2.10–$2.15 zone.
On the upside, there’s significant resistance at the golden pocket area between $2.55 to $2.62. A clean breakout above this zone could open the doors for a strong upward move.
- Also Read :
- Why XRP Might Be the Next Crypto to Surge?
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What’s Next for XRP?
According to market patterns, XRP is currently following a local uptrend, though without strong momentum just yet. Analysts are watching for a potential five-wave upward move, which could confirm either a short-term rally or the start of a bigger bullish wave.
There are two possible scenarios:
- Orange Scenario (Most Bullish):
XRP needs to form five consecutive waves upward. After the first five waves, a higher low (called Wave 2) would need to hold above the May 19 swing low. If that happens, we could see further upside in Waves 3, 4, and 5, targeting $2.52, $2.58, and possibly up to $2.61. - Blue Scenario (Still Bullish):
This outlook allows for a slightly deeper pullback but remains positive as long as the price stays above the $2.15 support area. Even if a bigger correction happens, the market could recover strongly after.
While XRP’s short-term momentum has cooled slightly, the overall trend is still bullish. As long as the key support at $2.30 holds, the market looks set for a potential climb towards $2.60 and beyond.
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FAQs
XRP is down today due to market sell-offs, regulatory uncertainty, resistance near $2.50, and profit-taking by investors, causing selling pressure.
Some analysts predict XRP could reach targets from $3.20 to $5.00 in 2025, with highly optimistic forecasts even suggesting over $10 or much higher if specific conditions align.
An XRP ETF, if approved, could significantly boost XRP’s price by opening doors for massive institutional capital inflows and increasing market liquidity and confidence.
Yes 
No 
