Ripple (XRP) Surges Past $2.50, Eyes Return to All-Time High Levels
- XRP rose from $2.09 to $2.56 this week, marking a 22% gain and renewed market optimism.
- Analyst Michaël van de Poppe flagged $1.75 as a key buy zone; price has since climbed nearly 50%.
- Dark Defender projects XRP may hit $36.76, citing Elliott Wave analysis and a long-term resistance break.
XRP has risen 22.49% over the past week, climbing from $2.09 on May 6 to over $2.56 by May 12, 2025. This growth has sparked new optimism among market watchers who believe the cryptocurrency has broken free from its previous sideways movement and may be entering a sustained upward trend.
Analyst Michaël van de Poppe has identified a key accumulation range between $1.5764 and $1.8185. This range served as a consolidation area after XRPs dramatic climb from under $0.50 in November 2024 to just below $3.50 by early 2025. Following that, price action developed a triangle pattern with lower highs and higher lows, a setup often seen before strong moves.
Van de Poppe marked $1.75 as a strategic entry level. Since then, the cryptocurrency has rallied nearly 50%. The price now sits comfortably above that range, which has strengthened its role as a support level going forward. At its current position, it remains 32.63% under its all-time high of $3.80, showing that theres room for further movement.
I assume well attack the ATHs soon, Michaël noted.
Bullish Indicators Support Upward Potential
In addition, the SuperTrend indicator, now sitting below XRPs price, shows strong bullish momentum. A similar breakout above this line occurred in late November 2024 and led to a powerful surge by mid-January. With price again holding above the SuperTrend, the pattern suggests another leg higher is possible.
The MACD also backs this outlook. The MACD line is currently at 0.0697, sitting clearly above the signal line at 0.0348. This separation between the two lines, paired with a steady rise in green histogram bars, confirms a trend with buying strength. In addition, the RSI stands at 68, meaning the asset is in a strong phase without being overbought.
Dark Defender, another analyst, added to the bullish view by highlighting a major shift on the 3-month chart. He pointed to a long-standing resistance line stretching back to early 2018 that XRP has now broken through. He calls this the 3M Resistance, Eliminated, and says the invalidation of this level is a powerful bullish signal that could define its long-term path.
XRP Long-Term Projections Point to $36
Dark Defender outlined a 5-wave Elliott Wave structure, identifying that XRP is in Wave 3 typically the strongest in a bullish cycle. Targets for this structure begin at $3.33 and stretch to $5.85. If the fifth wave completes fully, his chart suggests a staggering rise to $36.76. Fibonacci levels used in his chart support each of these projections.
His analysis also includes short-term support at $2.3620 and $2.2222, both of which are key if the cryptocurrency faces a pullback before advancing. Resistance levels line up with the Wave 3 and Wave 5 targets, forming logical checkpoints in XRPs rise.
In his commentary, Dark Defender states, XRP is extremely Bullish. He recalls previous expectations of a drop to $0.70$1.00 but highlights that the market has shifted. His projection of $36 represents a 1306.25% climb from current levels, one of the most aggressive targets among top analysts.
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Text source: TronWeekly
