XRP Price Prediction, Elliot Wave Analysis, and Other Information for May 2025

Ripple's native token, XRP, has been trading sideways in recent days, with analysts closely following signs of a breakthrough or collapse. While the broader crypto market is experiencing some selling pressure, XRP has managed to hold its key support levels, but the direction going forward remains uncertain. Short-Term Price Analysis On the short-term chart, XRP seems to have formed a low around April 7th. However, all subsequent rallies since then have been corrective in nature, featuring chaotic, overlapping movements consisting of three waves instead of clean impulse waves. The support level at $2.11 has been maintained until now, with additional support at $2.08 and $2.14. The price has broken through the recent small Fibonacci support level but quickly recovered without sustaining losses. The market continues to form higher highs and lower lows — a positive sign in the context of uncertainty.

There is a temporary Elliott Wave scenario in which XRP may be forming a complex bullish pattern, although this is not a particularly reliable setup due to the overlapping and rugged structure. A decisive breakthrough on the downtrend from the low of April 30 ( around $2.12 ) could signal the beginning of a higher internal wave three. The main resistance levels to follow include $2.33 and $2.46. A complete break of these levels could create new bullish momentum. Ripple Unlocks 1 Billion XRP: What Does This Mean? Ripple recently unlocked 1 billion XRP from escrow. Although the increase in supply often puts downward pressure on prices, there are still nuances to consider. The market's reaction depends on how Ripple deploys these tokens. If used for strategic buybacks, such as rumors about bidding for Circle, this could benefit XRP, bringing real utility and revenue to the ecosystem.