XRP Charges Toward $2.50 as Bulls Regain Control—Will History Repeat?

After months of sideways action, XRP’s chart flashes green as bulls push for a decisive breakout. The $2.50 target—last seen during the 2021 frenzy—is back in play.

Why the sudden momentum?

Whale accumulation and a spike in derivatives activity suggest big players are positioning for a volatile move. Meanwhile, retail traders pile in, hoping to front-run the next leg up.

The cynical footnote:

Of course, this rally conveniently ignores the SEC’s ongoing lawsuit—because nothing fuels crypto pumps like selective amnesia. Watch those support levels; the ’strength’ here hinges on Bitcoin not pulling another rug-pull.

• XRP jumped from $2.25 to $2.41, challenging significant resistance points since January.
• Analyst Aaron is forecasting a brief rally to $2.50, with caution about pullbacks.
• Fibonacci retracements suggest support at $2.00–$1.90 if rejection occurs.

XRP has regained bullish momentum following a sluggish start to May, aligning with the broader crypto market’s upswing. Over the past 24 hours, the token surged back from $2.25 to $2.41, a crucial resistance zone that has repeatedly capped upside moves since January, shaping XRP’s evolving macro trend.

The move back up to $2.25 represents renewed confidence among investors, but there remains uncertainty. Trader Aaron pointed out that area as a tipping point. In a post on May 10 on TradingView, he forecast a short-term upswing towards $2.50, with a caveat that a failure at this level WOULD push the price back down toward about $2.20.

Despite the bullish appearance on the daily chart, Aaron emphasized the overarching weekly downtrend. He explained that without a bullish catalyst, XRP is unlikely to sustain higher levels. However, he left room for surprises, stating, “Some type of news comes out and price just shoots up and blasts past $2.50 lol.”

Key Resistance at $2.25 Holds the Spotlight

According to a technical analysis shared on social media platform X,  the $2.25 resistance is XRP’s make-or-break zone. Price action in early May has repeatedly failed to close above $2.249 to $2.273, indicating a lack of strong momentum to initiate a breakout.

Additionally, it coincides with important Fibonacci retracement points, including 0.392 from January’s peak and the 0.118 level from April’s high, which converge at the $2.25–$2.27 zone. These confluence points increase the significance of this area and increase the possibility of volatility as XRP works through these challenges.

Although the token remains strong, from $2.077—a point equivalent to the 0.382 Fibonacci retracement—XRP’s rally is now facing strain. Buyers seem tired at the point of resistance, and repeated attempts are indicative of a potential local peak if momentum falters.

Fibonacci Levels Suggest Support at $2.00

The relative strength index (RSI) on the chart is now up at 72, indicative of near-overbought conditions. The indicator points towards a possible stalling of the rally or a temporary correction. As resistance remains strong and momentum is decreasing, traders are being cautious about buying at present prices. 

If a rejection occurs, XRP could drop sharply to $2.00 or even $1.90, areas reinforced by the 0.5 and 0.618 Fibonacci retracements. These support points are set to serve as cushions, with a strong breakdown potentially further sapping bullish sentiment and resetting expectations for a renewed consolidation phase.

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