XRP Price Approaches the $2.63 Resistance Level

May 11, 2025 – (New York) XRP is on the brink of a breakthrough

The price of XRP is approaching the crucial resistance level of $2.63 after rebounding from the support at $2.24. The altcoin is currently being traded at $2.39 with a 24-hour trading volume of $4.25 billion and a market cap of $140.26 billion.

As Bitcoin continues to rise in price, the altcoin market is also seeing a broader rally, which could position XRP for significant growth. The digital asset has seen stable price trends over the last 24 hours with a 9.06% increase over the past week.

The recent developments come as renowned investor Ric Edelman, founder of the Digital Assets Council of Financial Professionals, suggests that investors can consider investing in crypto ETFs to gain exposure to the market.

These ETFs offer protection against downside volatility while allowing investors to maximize their potential profits.

With XRP's momentum building towards the target of $2.63, traders are keeping an eye on entry opportunities around the support level of $2.42.

Moreover, recent analysis from Ben Armstrong, a popular cryptocurrency influencer, reveals that the recent price action of XRP is showing bullish sentiments for a potential rally towards higher price levels.

Following its recent performance and SEC settlement, XRP has shown signs of weakness with strong trading volumes and momentum indicators, highlighting continued interest and demand from investors.

The recent analysis indicates that the $2.50 mark serves as a critical resistance level for XRP.

Furthermore, recent developments are generating positive sentiment, which could potentially propel XRP to new highs in the upcoming trading sessions.

In other news that has investors focused, diplomatic discussions between the U.S. and China in Switzerland are heating up, which could also influence market sentiment and capital flows.

While the U.S. is keeping a close eye on China's economic activity, recent reports highlight that the world's second-largest economy is struggling to maintain the yuan's stability.

As for XRP, the Fear and Greed Index signals heightened market enthusiasm, shifting towards “Greed” territory with positive indicators across price impulse, social sentiment, and volume metrics.