{"id":25612,"date":"2025-05-07T14:50:56","date_gmt":"2025-05-07T14:50:56","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=25612"},"modified":"2025-05-07T14:50:56","modified_gmt":"2025-05-07T14:50:56","slug":"can-xrp-price-reach-4-in-may-analysts-are-watching-these-key-levels","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=25612","title":{"rendered":"Can XRP price reach $4 in May? Analysts are watching these key levels"},"content":{"rendered":"<div>\n<p style=\"float:right; margin:0 0 10px 15px; width:240px;\"><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDUvMDE5NmFhZGEtOGYyZi03N2RjLWExOWItNGI2ZmFkNjJjNDAz.jpg\"><\/p>\n<\/p>\n<p style=\"float:right; margin:0 0 10px 15px; width:240px;\"><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDUvMDE5NmFhZGEtOGYyZi03N2RjLWExOWItNGI2ZmFkNjJjNDAz.jpg\" alt=\"Can XRP price reach $4 in May? Analysts are watching these key levels\"><\/p>\n<p>Key takeaways:<\/p>\n<ul>\n<li>\n<p>XRP price is up 2% on May 7, buoyed by US-China trade talk optimism, with key support at $2.08 critical for sustained recovery.<\/p>\n<\/li>\n<li>\n<p>Whale accumulation signals XRP price strength.<\/p>\n<\/li>\n<li>\n<p>XRP price must hold above $1.83\u2013$2.00 support to continue upside, analysts say.<\/p>\n<\/li>\n<\/ul>\n<p>XRP (<a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/xrp-price-index\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">XRP<\/a>) price displayed strength on May 7, rising 2% over the last 24 hours after news of possible US-China trade talks flipped investor sentiment.\u00a0<\/p>\n<p>XRP price remains above $2.00 at the time of writing, as several analysts highlight the key support levels the asset should hold for a sustainable recovery to new all-time highs.<\/p>\n<h2>Whale accumulation supports bullish XRP view<\/h2>\n<p>Certain indicators show that XRP\u2019s ongoing price rise may not be just a short-term reaction to the positive macroeconomic news.\u00a0<\/p>\n<p>For instance, Santiment&#8217;s Supply Distribution metric shows a steady rise in the supply held by entities with a 1 million \u201310 million token balance. These addresses now own 9.44% of the total XRP supply, a 1.2% increase since Jan. 1.\u00a0<\/p>\n<p><\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-05\/0196aad9-086e-705f-90c7-0028866f7424\" title=\"\" alt=\"Can XRP price reach $4 in May? Analysts are watching these key levels\"><figcaption style=\"text-align: center;\"><em>Percentage of addresses holding between 1M and 100M XRP. Source: Santiment<\/em><\/figcaption><\/figure>\n<p>This suggests that whales did not sell on the <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/xrp-price-sell-off-set-to-accelerate-in-april-as-inverse-cup-and-handle-hints-at-25-decline\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">recent drop to $1.60<\/a> but accumulated XRP, suggesting most are positioning themselves for further gains.<\/p>\n<p>By purchasing during downturns, these large entities can reduce selling pressure and create a floor for the price, encouraging smaller retail investors to follow suit.\u00a0<\/p>\n<p>Meanwhile, XRP <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/explained\/what-is-open-interest-in-the-crypto-futures-market\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">open interest<\/a> (OI) has seen a modest 0.32% rise to $3.65 billion over the last day, signaling a slight increase in trader confidence and liquidity. However, the 17% drop in trading volume to $3.9 billion is a cause for concern, suggesting low conviction as traders wait for the XRP price to establish a clear directional bias.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-05\/0196aad9-0ddb-73ff-8890-bd57845bf800\" title=\"\" alt=\"Can XRP price reach $4 in May? Analysts are watching these key levels\"><figcaption style=\"text-align: center;\"><em>XRP derivatives data. Source: CoinGlass<\/em><\/figcaption><\/figure>\n<h2>XRP price to $4 all-time highs?<\/h2>\n<p>Traders believe XRP can revisit its <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/xrp-price-hits-seven-year-high-bullish-2025-outlook#:~:text=XRP%20rose%20to%20its%20highest,high%20of%20%243.20%20on%20Jan.\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">seven-year highs above $3.40<\/a> and beyond, but its potential to continue its gains depends on holding above key support levels.\u00a0<\/p>\n<p>Data from <a data-ct-non-breakable=\"null\" href=\"https:\/\/subscription.cointelegraph.com\/?_gl=1*7499wx*_ga*MTQ0MzQ0NzI4Ny4xNzE2MzY1NTA0*_ga_53R24TEEB1*MTcxNjM2NTUwNC4xLjEuMTcxNjM2Njg2MC4wLjAuMA..\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">Cointelegraph Markets Pro<\/a> and <a data-ct-non-breakable=\"null\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=BINANCE\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">TradingView<\/a> shows that XRP price bounced off the 200-day SMA at $2.08 on May 6, rising as much as 4.5% to today\u2019s intraday high of $2.17, which is also the 50-day SMA.<\/p>\n<p><em><strong>Related: <\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/why-is-xrp-price-down-today\" rel=\"null\" target=\"null\" text=\"null\" title=\"https:\/\/cointelegraph.com\/news\/why-is-xrp-price-down-today\"><em><strong>Why is XRP price down today?<\/strong><\/em><\/a><\/p>\n<p>The 200-day SMA coincides with the election volume-weighted average price (VWAP) and the monthly rVWAP, as shown in the chart below.<\/p>\n<p>\u201cThis is an area that we want to see continue to get defended,\u201d <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/traderview2\/status\/1919787314269598097\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">said<\/a> trader and analyst Dom in a May 6 post on X, adding that failure to hold above this level could see XRP drop toward $1.90.<\/p>\n<blockquote><p>\u201cTo see an immediate trend reversal, we need to see the price regain $2.12.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-05\/0196aad9-12c4-77e0-bba0-e401e4d9516d\" title=\"\" alt=\"Can XRP price reach $4 in May? Analysts are watching these key levels\"><figcaption style=\"text-align: center;\"><em>XRP\/USD daily chart. Source: Cointelegraph\/<\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/www.tradingview.com\/x\/Fc4EFsNi\/\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>Fellow analyst Egrag Crypto <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/egragcrypto\/status\/1920011018320609441\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">said<\/a> XRP price \u201cshould not and cannot close below $1.83.\u201d<\/p>\n<p>Meanwhile, pseudonymous analyst XForceGlobal <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/XForceGlobal\/status\/1919333719741002023\" rel=\"nofollow noopener\" target=\"_blank\" text=\"null\" title=\"https:\/\/x.com\/XForceGlobal\/status\/1919333719741002023\">believes<\/a> \u201cXRP is still well within bullish territory\u201d as long as it stays above the multimonth low at $1.60 reached on April 7.<\/p>\n<blockquote><p>\u201cNew all-time highs look imminent.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-05\/0196aad9-17a0-74d8-a8af-1aecbd3d003a\" title=\"\" alt=\"Can XRP price reach $4 in May? Analysts are watching these key levels\"><figcaption style=\"text-align: center;\"><em>XRP\/USD four-hour chart. Source: <\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/XForceGlobal\/status\/1919333719741002023\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\"><em>XForceGlobal<\/em><\/a><\/figcaption><\/figure>\n<p class=\"post-content__disclaimer\" type=\"\">This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\" label=\"Subscription Form: Markets Outlook\"><\/template><\/p>\n<p><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Key takeaways: XRP price is up 2% on May 7, buoyed by US-China trade talk optimism, with key support at $2.08 critical for sustained recovery. Whale accumulation signals XRP price strength. XRP price must hold above $1.83\u2013$2.00 support to continue upside, analysts say. XRP (XRP) price displayed strength on May 7, rising 2% over the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-25612","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25612","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25612"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25612\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}