XRP Price Surges After V-Shaped Recovery, Targets $3.40
Institutional buyers have jumped back into the XRP market following a sharp sell-off, helping the digital asset to establish strong support at critical levels. As of May 18, 2025, at 8:23 a.m., global economic tensions and regulatory developments continue to play a significant role in influencing XRP’s price action. Despite recent volatility, XRP has shown remarkable resilience, with a notable recovery after dipping to $2.307 on high volume.
Technical Analysis Highlights
XRP experienced a 3.76% range within 24 hours, fluctuating between $2.307 and $2.396. A sharp sell-off at 16:00 led to a drop to $2.307 on high volume reaching 77.9 million. However, strong support emerged at the $2.32 level, with buyers stepping in during high-volume periods, particularly during the 13:00-14:00 recovery phase. The asset has since established an upward trajectory, forming higher lows from the bottom, and testing resistance around $2.39 during the 07:00 session. In the last hour, XRP saw a climb from $2.358 to $2.368, representing a 0.42% gain, with notable volume spikes at 01:52 and 01:55. The price surged past resistance at $2.36, reaching $2.366, and later establishing new local highs at $2.369 during the 02:03 session.
Institutional Support and Market Sentiment
Institutional buyers entering the XRP market have played a crucial role in supporting the digital asset’s price surge. Their presence has helped establish strong support levels at critical points, indicating confidence in XRP’s potential for further growth. The market sentiment has shifted positively, with investors showing renewed interest in XRP as it continues to demonstrate resilience in the face of external factors influencing its price action.
Potential for Bullish Breakout
Technical indicators point towards a potential bullish breakout for XRP, with analysts highlighting critical support levels between $2.35-$2.40 that must be maintained for the upward momentum to continue. The digital asset’s ability to form higher lows and test resistance levels suggests a positive outlook for its price trajectory. With decreasing volatility and a strong support level above $2.368, XRP may be poised for further gains in the near future.
Overall, XRP’s recent price surge after a V-shaped recovery demonstrates the digital asset’s ability to bounce back from volatility and attract institutional interest. As global economic tensions and regulatory developments continue to influence its price action, XRP remains a focal point for investors seeking potential growth opportunities in the cryptocurrency market.
