The XRP price has been ripping through resistance, up 27% on the month and now brushing $2.40.
Momentum is building fast, fueled by legal tailwinds, exchange flows, and a wave of retail enthusiasm. Here’s where the XRP price is heading next.
–
Price
Market Cap
–
–
–
Dollar Weakness Benefits XRP Price
Ripple finally closed the book on its war with the SEC, settling for $50 million instead of the $2 billion hammer the agency wanted.
That deal ripped the brakes off
Price
Volume in 24h
Price 7d
, sending the token surging to $2.40. For now, it seems Ripple is no longer fighting in the shadows and is back to building.
🚨THE SEC vs. @Ripple TRIAL HAS ENDED🚨$XRP price is pumping right now! 🚀📈#XRP Holders Right Now 💥 pic.twitter.com/5plY5ysWcj
— John Squire (@TheCryptoSquire) May 8, 2025
Additionally, as the dollar slides, XRP rises, as do other risk assets.
An 8% drop in USD strength has tilted the playing field toward assets that do more than sit idle. XRP is pulling in capital that’s fleeing fiat and chasing function.
XRP: Technical Analysis Points to Further Upside
In the past few weeks, Ripple also acquired Hidden Road, a brokerage that clears $10 billion in daily trades.
Chart analysis also reinforces the bullish outlook. XRP recently broke above a descending channel and reclaimed critical support at $2.28. Indicators such as the Relative Strength Index (RSI) at 62.03 and a bullish Moving Average Convergence Divergence (MACD) signal strengthening momentum.
If momentum continues, XRP is eyeing resistance at $2.72, with a possible breakout toward $3.40—a new yearly high.
But optimism has its risks. Regulatory risk, economic turbulence, and the complexity of onboarding Ripple’s latest acquisition could stall the rally. Still, the use case is real, and the milestones are stacking.
EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress
Join The 99Bitcoins News Discord Here For The Latest Market Updates
Key Takeaways
-
XRP has been ripping through resistance, up 27% on the month and now brushing $2.40. -
Momentum is building fast, fueled by legal tailwinds, exchange flows, and a wave of retail enthusiasm. Here’s where the XRP price is heading next. -
For now, the debate about XRP’s place in America’s financial future is just beginning.
Why you can trust 99Bitcoins
Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.
90hr+
Weekly Research
100k+
Monthly readers
50+
Expert contributors
2000+
Crypto Projects Reviewed
Follow 99Bitcoins on your Google News Feed
Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now!
Subscribe now 
why-is-crypto-up-today-xrp-price-to-hit-5-sooner-than-expected
Leave a Reply