XRP Price Prediction: Can Bulls Hold $2.35 or Will Bears Take Over?

Key Insights

• XRP has lost momentum and slipped below the $2.50 support level.

• The cryptocurrency is currently consolidating around the $2.35 Fibonacci retracement level, which could determine either a bounce or further decline.

• Despite short-term bearish indicators, analyst Crypto Yoddha sees XRP rising to a price range of $5-$10.

• XRP’s network activity has drastically declined, with daily active accounts plummeting over 94% in six months to just 10,900.

• Resistance lies between $2.42-$2.45, while major support levels are at $2.35, $2.29, $2.20.

  XRP is back in action after slipping below the $2.5 price level over the weekend

This decline in the cryptocurrency’s price put both traders and long-term investors on high alert.

As it stands, despite starting the year on a strong note, XRP’s recent price action has turned uncertain and is creating a mix of sentiment across the market.

While some technical indicators are pointing towards incoming losses, others are showing that XRP could be on its way towards a breakout rally.

Here’s a look at XRP’s current market position and what could come next for the popular cryptocurrency.

Lost Momentum at $2.50

XRP had been on a steady upward trend earlier in the year and consistently moved within an ascending channel.

This momentum was mostly supported by strong technical indicators and investor optimism

Eventually, XRP hit the $3.4 price level before the bears took over.

At the time of writing, XRP has lost yet another support near $2.50, which happens to be near the 0.236 Fibonacci retracement zone.

This means that this price level is both psychological and technical.

With XRP failing to hold on to this price level, it is now under the influence of the bears and is at risk of breaking below its 200-day EMA.

XRP currently holding above the 200-day EMA

At the time of writing, XRP is now trading near the $2.35 price level, which corresponds to the 0.5 Fibonacci retracement level

This is very important for the cryptocurrency because a successful bounce here could see XRP regain lost momentum

On the other hand, a breakdown below $2.35 might speed up the decline toward the next supports at $2.29 (0.618 Fib) and $2.20 (0.786 Fib).

Moreover, analysts are eyeing the $2.42–$2.45 range as major short-term resistance zone

This means that if XRP can reclaim this level and turn it into support, the chances of resuming the uptrend will increase by a wide margin

This could set the stage for a move toward the $2.99–$3.60 range.

Bullish Pattern Shows Possible Breakout to $10

Despite the current bearish tilt in short-term indicators, not all hope is lost. According to recent insights from analyst Crypto Yoddha, XRP could be forming a bullish pennant.

This technical chart pattern tends to come before a breakout and according to Yoddha, the recent price consolidation could be “Round 2” of a rally that started after the accumulation phase between 2021 and 2024

XRP’s breakout above $2 earlier this year could very well be the first leg of this rally

This means that if the pennant pattern plays out, XRP could be on track for a move toward the $5–$10 range.

$XRP is getting ready for the round 2

Targeting: $5-$10 pic.twitter.com/5a3fx6fbDb

— Crypto Yoddha (@CryptoYoddha) May 23, 2025

While this prediction is a bold one, it shows that analysts are optimistic about XRP, even despite its recent pullback.

Network Activity Declines

However, not everything is looking up

XRP’s on-chain metrics are showing some worrying trends, especially the number of daily active accounts on the XRP Ledger.

This metric has plummeted by over 94% in just six months according to XRP Scan, after falling from 105,000 in December 2024 to only 10,900 by May 2025.

The network activity dump on XRP

In the same vein, the number of new accounts being created daily has collapsed from 30,641 to just 1,822 over the same period.

These figures are scary ones, because high on-chain activity tends to correlate with high investor confidence and market interest.

Support and Resistance Levels to Monitor

Overall, the support levels to watch out for on XRP include the 0.5 Fibonacci retracement level around $2.35, where the cryptocurrency sits.

Underneath this, the $2.29 zone is the next line of defense because it coincides with the 0.618 Fibonacci level.

Even deeper supports include $2.20 or the 0.786 Fibonacci level, before $1.91 as the Long-term base support

Resistance levels include $2.42–$2.45, where a breakout above could be an encouraging sign of a bullish reversal.

Overall, the next major targets include anywhere between $3 to $10 according to analyst insights.

Disclaimer: Voice of Crypato aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.