XRP Breaks Through Important Resistance, Here’s What’s Next for Ripple’s Price

Tl; DR

• After a prolonged time spent in a relatively tight negotiation range, XRP climbed above a key resistance, which can bring it to $ 2.6, according to a popular crypto analyst.
• The last price wave occurred in the middle of the market -scale overvoltage, but also after the American sec has filed the trial against Ripple Labs.

XRP at $ 2.6 then?

Since Ripple's cross-border token recovered the $ 2 crucial line in mid-April, it was stuck in an aforementioned level for the aforementioned level, which became psychological support and $ 2.26. The latter turned into a key resistance, which retained the attempted Bulls from Percée at the end of April.

Over the past ten days, XRP has failed to get out of either of these lines. The bears definitively challenged the lower border on May 6, but the asset remained well above. The subsequent rebound has been rather progressive but seems durable for the moment.

Earlier in the day, XRP increased to a peak of 11 days of more than $ 2.33 before facing a certain resistance and was pushed south up to $ 2.3. However, it is still 5% during the day and, more importantly, it exceeded the upper limit of $ 2.26. Ali Martinez told his more than 135,000 subscribers on X that if XRP had managed to close above this line, he could go around $ 2.6 afterwards.

If $ XRP Brive through the resistance of $ 2.26, it could trigger a bullish break around $ 2.60! pic.twitter.com/2bdg315vgi

– Ali (@ali_charts) May 8, 2025

Although XRP has not yet closed this level on a daily basis, the community was quick to take the move and celebrate with large price forecasts for the following weeks and months. In addition, you can check why another popular analyst thinks that current price levels are an “absolute gift”.

Step files to be adjusted

The first obvious reason for XRP’s thrust is the overall market resurgence, as the entire industry has added around $ 300 billion in recent days. However, there seems to be another, and this implies the legal case between the company behind the American token and regulator which continued it for more than four years.

The dry has laid A request by receiving the approval from the court to settle with Ripple Labs. This could be considered a confirmation of previous statements by the CEO and CLO of Ripple, because the two said that the case has actually ended. The agency's file requests a payment of $ 50 million, which is far from the 125 million dollars previously and much lower than the 2 billion dollars that the SEC initially requested.