Ripple’s XRP token is once again in the spotlight, with traders and analysts targeting a potential breakout to $2.50 as momentum builds around May’s key price levels.
Surging interest is being driven by two major catalysts: anticipation of U.S.-based XRP ETF approvals and growing speculation over a potential Ripple ICO aimed at expanding the XRP Ledger’s DeFi ecosystem.
XRP is trading in a bullish ascending triangle pattern, hovering around $1.89 as of mid-May. Analysts at Brave New Coin highlight multiple key support zones between $1.70 and $1.80 that have held firm despite market volatility.
Technical indicators show:
Traders are closely watching the $2.00 resistance zone, which, if breached, could open the door to a fast move toward $2.50 and even $3.00 in a high-volume environment.
Driving much of the bullish sentiment is the renewed buzz around XRP ETF applications. While the SEC has yet to formally approve any spot XRP ETF, crypto analysts believe recent progress on Ethereum ETF talks may pave the way for other altcoins, including XRP, to gain institutional exposure.
“If an XRP ETF gets approved this year, we’re talking about a supply shock. Prices could surge well past $3,” one trader said.
In a surprise twist, rumors of a Ripple-led ICO are spreading across the crypto community. According to TronWeekly, Ripple may be preparing to launch a native token offering to support the growing DeFi ecosystem on the XRP Ledger.
If true, this move would mirror what Ethereum and Solana ecosystems have done — and could drive fresh retail and institutional interest.
With bullish technicals, regulatory clarity, and speculative catalysts aligning, the final weeks of May 2025 could be pivotal for XRP.
Analysts agree that if XRP breaks $2.50, it could quickly move to $3.00-$3.50, supported by fresh capital inflows and a favorable regulatory tailwind.
XRP is gaining steam in May 2025 as technical strength meets major narrative drivers — including ETF hopes and DeFi expansion rumors.
If current momentum holds, $2.50 may just be the beginning of a larger bull run that positions XRP as one of the year’s top-performing altcoins.
