XRP Price Analysis and Ripple Daily Updates

On May 9, 2025, traders drove the XRP/USDT pair into a solid and enduring uptrend. XRP price climbed rapidly from around $2.118 to hit a peak of $2.427. Traders saw the bullish pattern hold throughout the trading session, facing only slight retreats. The MACD indicator generated several golden cross alerts, which boosted the bullish drive. Even when the RSI signaled overbought levels, buyers sustained the climb. This underscores robust demand, strong confidence, and participation among institutional and retail investors across the market.

MACD Golden Cross Sparks XRP Rally to $2.206

In the early hours on May 9, XRP price carved out a slender descending channel before a powerful full-bodied green candle shattered that structure. That surge aligned with a MACD golden cross, hinting at further upward momentum and boosting optimism. After breaking free, the price briefly traced a wedge pattern but quickly escaped. That move propelled the Ripple price sharply higher, pushing it to $2.206 at 04:05 UTC.

Chart 1- XRP/USDT M5 Chart, analyzed by alioliyaee_f, published on Tradingview, May 9, 2025.

At that stage, the RSI registered overbought levels, and the MACD produced a death cross, signaling a brief pullback. Traders then drove the price down to $2.168 in a small corrective move. That drop created a shallow descending channel that buyers quickly broke through on the upside. Following that, buyers regained control and the market entered a consolidation range between $2.201 support and about $2.221 resistance.

XRP Bullish Breakout Above Trading Range Drives Rapid Rally

At 14:45 UTC, XRP price broke above its established trading range, and a golden cross on the MACD confirmed strong bullish momentum for this breakout. This breakout move drove the price rapidly to $2.275 in a short span of trading. Although buyers pushed the market upward, the RSI flagged an overbought state, and a sharp descending wedge pattern started forming shortly thereafter. Traders then pushed the price down to $2.227, creating a brief correction in response to the wedge formation. 

After that, the wedge structure gave way at its upper trendline, and enthusiastic bulls sparked a renewed rally with strong conviction. That rally sent the Ripple price surging to $2.329, where persistent bears defended the level across three failed approach attempts. During these rapid shifts, the market settled into a consolidation phase, with traders repeatedly testing the established resistance threshold before committing momentum.

Chart 2- XRP/USDT M5 Chart, analyzed by alioliyaee_f, published on Tradingview, May 9, 2025.

Finally, at 07:15 UTC, bulls drove XRP price decisively above the $2.329 resistance, shattering that critical barrier with clear upside momentum. Shortly after, traders initiated a pullback to retest the breakout zone, but the price held firm and climbed to a session peak at $2.427. After hitting that high, aggressive selling emerged, and the price plunged sharply to $2.335 in a swift corrective move. Volatility spiked during this downturn, reflecting market uncertainty and swift order book shifts. Still, buyers regained control and propelled XRP upward once more, targeting another assault on the day’s high at $2.427 with renewed conviction.

XRP Eyes Breakout at $2.427 Resistance

XRP will most likely try to retest the session’s top price of $2.427, which acts as a resistance level that traders watch. The recent upward momentum and the established bullish channel suggest that a break above this barrier looks highly probable. A strong full-body green candle confirming this break could drive prices further higher toward the next target of $2.450. If sellers defend the $2.427 resistance and force a rejection of that level, the XRP price may slide downward. In that scenario, the price action could pull back toward the previous support area around $2.333, where buyers might step in to push the market back up.