XRP Price Today May 7, 2025: Showing Signs of Strength, Can it Survive at $2?

Jakarta, Pintu News – The price of XRP (Ripple) has fallen from $2.20 (Rp36,300) to around $2 (Rp33,000) in recent days, but the coin has shown considerable resilience at that level.

Although the price of XRP saw a decline over the weekend, on-chain data showed an increase in activity on the XRP network suggesting wider adoption.

In this article, we will see if XRP can maintain these price levels or even increase again in the near future.

Check out the full information below!

XRP Price Drop and Increased Network Activity

Over the weekend, the number of active addresses on the XRP Ledger network dropped from 42,475 to 28,376. This decline came as the price of XRP fell from the $2.20 (IDR 36,300) level that was showing signs of going down further.

However, despite the drop, XRP was able to stay around the $2 mark. At the time of writing, the price of XRP stands at $2.09 (IDR 34,500), although it has seen a decline of 8.46% in the last seven days.

Despite the decline in XRP price, data from Glassnode shows that activity on the XRP network is picking up again. Since the end of last week, the number of active addresses on the XRP Ledger network has increased back to 31,352.

These active addresses refer to the number of unique wallets involved in successful transactions on the blockchain within a given timeframe. An increase in the number of active addresses often indicates greater adoption or increased use of cryptocurrencies.

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Positive Impact of Ripple’s 1st Quarter Report

Ripple, the company behind the XRP cryptocurrency, recently released its first quarter (Q1) report showing positive momentum post-settlement of a legal dispute with the US Securities and Exchange Commission (SEC).

In the report, Ripple mentioned that the settlement has boosted investor confidence and brought fresh air to the XRP project. Institutional investors have also shown increased demand for XRP, which could be a positive sign for the future of the coin’s price.

Ripple CEO, Brad Garlinghouse, also expressed the company’s commitment to continue providing transparent updates to the community. According to him, future XRP market reports will be different as the original purpose of the reports, published since 2017, was to provide transparency regarding XRP holdings owned by Ripple.

This shows a positive step in maintaining public confidence in Ripple and XRP after a long period of uncertainty.

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XRP Price Prediction: Likely to Continue the Rise

Technically, XRP’s daily price chart shows a strong support level around $2.06 (IDR33,900). This level has helped XRP to rally back above $2.30 (IDR37,950) recently.

Investors are optimistic that this support level will remain maintained, making a further drop to the $1.80 (IDR29,700) level very unlikely. If the price of XRP can cross the resistance level at $2.30 (IDR37,950), the coin may be able to rise towards the $2.80 (IDR46,200) level, approaching the 0.236 Fibonacci level.

However, if selling pressure increases, this scenario could be disrupted. If the price decline continues, XRP may drop back down to the next support level of $1.62 (IDR 26,730). Therefore, it is important for investors to closely monitor XRP’s price movements and network activity to see if it can maintain its strength in the cryptocurrency market.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CCN. XRP Network Growth Signals Strength as Price Stabilizes Near $2. Accessed May 7, 2025
• Featured Image: Crypto Times