- XRP is trading near $2.17 as it faces resistance at $2.25 and support between $2.01 and $1.90.
- Whale holdings hit a record high, signaling long-term confidence despite recent price pressure.
- Ripple unlocked 1B XRP on May 3, later returning 700M to escrow amid ongoing Circle acquisition talk.
XRP is trading around $2.17 as the market continues to consolidate following recent volatility. Traders are closely monitoring key support and resistance levels while technical indicators suggest a potential breakout. On-chain data and whale activity are adding to speculation over the token’s next directional move.
XRP Faces Resistance While Support Zones Attract Buyers
XRP has struggled to break through resistance levels near $2.25. According to chart analysis by CasiTrades, the price structure has formed a corrective ABC wave pattern. The C wave could complete near $2.00 or fall slightly lower toward $1.90.
Glassnode data shows an increase in long-term holder confidence, with addresses holding at least 10,000 XRP reaching a new record above 300,000. Analysts often see this as an early signal of accumulation phases. At the same time, @Xaif_Crypto identified a descending trendline around $2.18 that has limited upward price movement since early 2025.
Support zones between $2.01 and $1.90 continue to serve as a base. Analysts have marked these areas on both 4-hour and daily charts as potential rebound zones. Several indicators on shorter timeframes point to oversold conditions, with RSI values above 50 and signs of hidden bullish divergence.
On-Chain Activity and Escrow Movements Add Context
Ripple unlocked 1 billion XRP on May 3, breaking its usual schedule of releasing tokens on the first of each month. According to Whale Alert, the tokens were divided across three transactions, raising questions from traders. However, Ripple later moved 700 million XRP back into escrow.
David Schwartz, Ripple’s CTO, clarified a separate wallet error that temporarily raised concern over a phantom transaction fee. He explained it was a standard rejection caused by reserve requirements. This reassured market participants focusing on the network’s safety features.
Meanwhile, reports continue to surface about Ripple’s efforts to acquire Circle. The rumored $20 billion bid suggests broader strategic moves in the payment sector, though no official deal has been confirmed.
