XRP Price Analysis

• XRP finds itself at $2.20 in a price movement backed by strong market momentum.
• Investors see XRP hitting the $5.00 mark after breaking through a resistance level.
• Increased adoption of Ripple supports the bullish outlook of XRP.

XRP’s price surged to $2.20 recently, marking a notable rise after a prolonged climb beginning in late 2024. Chart data shared by analyst Jack the Rippler (@Ripple_) shows that as of March 9, 2025, the cryptocurrency is exchanging hands at $2.20268, gaining over 5% in the past 24 hours. This rally follows years of consolidation, with XRP repeatedly testing new price highs. Current market behavior suggests a buildup for more price hikes, keeping traders and long-term holders focused on the sustainability of this rally in the upcoming months.

Source: Jack

The Bullish Momentum for XRP Continues

Analysis of the charts indicates that XRP has been on the rise since its lows in 2022, finally breaking through critical resistance in early 2025. With its recent performance above $2.20, it now faces the psychologically significant $5.00 mark, which could serve as a major milestone for the cryptocurrency.

During 2023, XRP saw a rally from $0.20 up to the $2 range, indicating a recovery of investor confidence. The bullish momentum is apparent on the charts and may persist as XRP approaches new historical highs, fostering investor optimism regarding future pricing.

What Is Driving the Surge in XRP?

Several factors drive XRP’s rise, including greater adoption of blockchain technology and the increasing acceptance of Ripple services by financial institutions worldwide. XRP remains a functional cross-border payment solution, with growing demand for faster and cheaper payment settlements.

XRP’s ongoing legal issues may have contributed to the excitement surrounding its future, with many investors viewing resolutions of these issues as catalysts for price increases. The market’s conviction is reflected in the strong uptrending streak on the charts, demonstrating the cryptocurrency’s enduring strength.

Future Outlook for XRP: Is $5.00 Possible?

Now trading just above $2, XRP’s primary focus is on surpassing the $5.00 mark, a level it hasn’t breached since the early 2018 bull run. Historical trends indicate potential resistance in the $2.50-$3.00 range before XRP can reach $5.00.

Nevertheless, a rally to the next resistance may be imminent, depending on XRP’s current strength and growing buy-side pressure.