XRP Price Prediction: Will It Soar Past $2.60 by May 24?

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<a href="https://bbg-news.com/xrp-usd/">XRP</a> Price Prediction For May 24

As an analyst, I’ve noticed a slight dip in the short-term performance of XRP, but the broader market trend continues to show signs of optimism. Each day, we’re observing the formation of both higher lows and higher highs on the price chart – a pattern that is generally considered positive for traders and investors alike.

Current Support and Resistance Levels

Currently, XRP is experiencing robust support at approximately $2.30 to $2.34. As far as the price stays above $2.30, the bullish sentiment continues. But if XRP dips below this mark with a verified daily close, there’s a potential for it to slide downward towards the $2.10–$2.15 range.

On the positive side, there’s strong resistance in the gold pocket region, specifically between $2.55 and $2.62. If we manage to break out of this area cleanly, it could pave the way for a robust advance.

What’s Next for XRP?

As a crypto investor, I’ve noticed that XRP seems to be moving up in a local trend, though it hasn’t picked up much speed just yet. What I find intriguing is the possibility of a five-wave upward move that analysts are keeping an eye on. If this happens, it could signal either a brief surge or the start of a larger 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.

The recent brief dip in XRP’s rapid advance may have slowed, but its long-term trajectory remains positive. So long as the significant support level at around $2.30 stays intact, there are indications that the price could ascend towards $2.60 and possibly even higher.

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2025-05-24 08:12