XRP (XRP) Price: Resistance at $2.69 Key for Potential Move Toward $3 Mark

TLDR

• XRP is currently trading at $2.54, showing a 20% rise on the weekly chart despite a recent 2% decline
• Trader activity is increasing with rebounding open interest on Binance after a previous drop from $1.5 billion to $530 million
• Some analysts predict extreme price targets, with BarriC suggesting XRP could eventually reach $1,000
• Technical indicators show a bullish trend line forming with support at $2.510
• Market is showing signs of absorption despite selling pressure, suggesting possible accumulation by larger players

XRP, the cryptocurrency associated with Ripple, has been aligning with the broader market’s upward trend. The digital asset has shown strong performance recently, with a 20% increase on weekly charts before a slight pullback. At the time of writing, XRP trades at $2.54, reflecting a minor 2% decline over the past 24 hours.

Despite this small dip, the asset remains well above its recent local lows. Market data indicates growing trader interest and potential accumulation phases beginning to take shape.

According to analysis shared by CryptoQuant contributor BorisVest, activity in XRP derivatives on Binance shows signs of renewed trader engagement. The market previously experienced a steep drop in open interest but is now seeing a resurgence in leveraged trading positions.

Open interest, which measures the total number of active futures contracts not yet settled, has rebounded from a previous low of $530 million. This suggests recovering market confidence following a dramatic drop from its earlier $1.5 billion peak.

The funding rate for XRP is currently neutral, indicating a balance between bullish and bearish positions in the market. This equilibrium comes after a period where the funding rate turned negative during XRP’s recent correction, showing an influx of short positions at that time.

Technical Indicators Point Upward

The price chart shows a key bullish trend line forming with support at $2.510 on the hourly chart. Technical indicators such as the MACD are gaining pace in the bullish zone, while the RSI remains above the 50 level.

XRP faces resistance near the $2.60 level, with the first major resistance around $2.650. If the price breaks above these levels, it could target the $2.80 resistance or even approach $2.85 in the near term.

On the downside, initial support appears near the $2.510 level and the trend line. The next major support level sits at $2.492, followed by $2.450 if selling pressure increases.

XRP Price on CoinGecko

One particularly interesting metric highlighted by analysts is the Taker Buy/Sell Ratio. This indicator compares the volume of aggressive buy orders against sell orders. Currently, XRP’s ratio stands at 0.91, meaning selling pressure dominates slightly.

However, the absence of major price declines despite this pressure implies potential absorption by larger market participants. This pattern is often observed in early stages of trend reversals or breakouts.

Analyst Price Predictions Vary Widely

While some traders focus on immediate price levels, certain analysts have much more ambitious price targets for XRP. Crypto analyst BarriC has stated that a price rally to between $10 and $20 would only be the beginning for XRP.

BarriC believes that once XRP reclaims $3, it will move rapidly to $5, then skyrocket into double digits. The analyst claims this is just the start, predicting eventual prices of $100 and then $1,000.

$XRP at $10-$20 is just the beginning

The $XRP long game is $1,000

Be prepared for life changing, generational wealth

— BarriC (@B_arri_C) May 11, 2025

The analyst points to potential bank adoption as a key driver for such extreme price targets. BarriC suggests that the current price around $2 indicates banks aren’t yet utilizing XRP, and once financial institutions worldwide adopt it, prices could reach his four-digit prediction.

Another analyst, CasiTrades, has identified $2.69 as a major resistance level, noting this price represents the .236 Fibonacci retracement from the all-time high. Breaking and holding above this level could open the door for a move toward $3.

CasiTrades observes that what stands out in current price action is the continued increase despite low momentum. This slow, controlled push higher often signals strong underlying demand and heavy accumulation in the market.

The combination of rising open interest, neutral funding rates, and sustained price levels despite some sell pressure suggests XRP may be experiencing quiet accumulation phases. These patterns are frequently seen before major price movements.

The market remains in active recalibration, potentially preparing for the next phase in price action. Whether this leads to continuation of XRP’s recent rally remains to be seen, but current on-chain metrics paint a picture of increasing speculative activity returning to the market.

XRP’s price movement in coming days will likely depend on whether it can overcome the $2.60 and $2.69 resistance levels. If it breaks through, the path toward $3 opens up. If not, we may see a retest of support levels around $2.45 to $2.50.