Tl; DR
- Ripple Labs received good news last week from the dry, but the native token did not really accelerate, unlike many of its rivals.
- Now, however, analysts tend to believe that the assets are due to important gains.
The wider market of cryptography was relaunched last week, Bitcoin finally exceeded $ 100,000 and operated a new peak of several months at more than $ 104,000. Many altcoins, such as Doge, soil and hype, have displayed impressive gains, just like ETH. In fact, the weekly increase in Ethereum amounts to more than 31%.
At the same time, XRP is also in the green, of course, but its weekly overvoltage amounts to just over 9%. On a monthly scale, it added 21% (impressive, yes) but far from being as notable as the overvoltage of 54% ETH or even the leap of 28% BTC.
What is even more surprising is that the SEC has officially filed a regulation in the legal case against Ripple Labs and wishes only a penalty payment of $ 50 million, which represents a fraction of the $ 2 billion which he initially asked for.
However, XRP still managed to unravel significant resistance at $ 2.26 and ended well above everyday life. The short -term objective of the assets is $ 2.6, said Ali Martinez, who has published an update today with even more good news for the future performance of XRP.
The analyst with more than 137,000 subscribers on X said that the Supertrend indicator had just flashed a purchase signal for XRP.
The SuperTrend indicator has just flashed a purchase signal for $ XRP! pic.twitter.com/i6x7crn1ze
– Ali (@ali_charts) May 10, 2025
Chad Steingraber found certain similarities between the current market structure and the events that occurred in January. At the time, XRP’s open interest has climbed nearly $ 5 billion, and its price soar from $ 2.3 to about $ 3.4 in a week. Now the open interest is close to these levels.
XRP Open Interest Bodiot up to $ 4.6 billion.
It was the last at this level in January which then sent the price from $ 2.30 to $ 3.30 over a week. pic.twitter.com/ax0Sy93ezs
– Chad Steingraber (@chadstevingraber) May 10, 2025
Bitguru note This XRP had left a double background and “rises a strong upward trend with higher peaks”. If he manages to stay above $ 2.23, which is below the current price of $ 2.4, he could feel another upward lightness, they added.
Free binance $ 600 (EXCLUSIVE Cryptopotato): Use this link to record a new account and receive an exclusive welcome offer of $ 600 on Binance (all details).
Limited offer for cryptopotate players at Bybit: Use this link to record and open a free $ 500 position on any part!
