XRP price today is trading near $2.18 after a significant surge in the last 24 hours. XRP price action has shown notable volatility, with price moving from support levels around $2.10 to test the upper resistance zone near $2.20. The recent spike follows a multi-day consolidation, which provided a springboard for today’s rally. Traders are now looking at whether XRP price volatility continues in this upward direction or if price will retreat toward support levels. What’s Happening with XRP Price? XRP price dynamics (Source: TradingView) In today’s XRP price update, we observe that the price has decisively broken out of a short-term descending trendline, which had been holding price down since May 6. This breakout has brought XRP price to test the upper resistance zone between $2.20 and $2.23. A clean break above these levels could pave the way for a further push toward $2.30 and beyond, especially if XRP price spikes on higher volume. XRP price dynamics (Source: TradingView) On the 4-hour chart, XRP price action has been largely contained within a range between $2.12 (support) and $2.22 (resistance). However, the breakout above $2.15, coupled with a sustained move above $2.17, suggests that bulls are gaining control over the short-term trend. Why XRP Price Going Up Today? XRP price dynamics (Source: TradingView) The key driver behind today’s price rise seems to be the completion of a bullish pattern, marked by higher lows on the hourly charts. The Relative Strength Index (RSI) on the 30 minute timeframe is at 64.60, indicating bullish momentum without yet reaching overbought levels, leaving room for further upside. Additionally, the MACD has shown a positive crossover, confirming the upward shift in momentum. XRP price dynamics (Source: TradingView) The EMA indicators (20/50/100/200) have also been pivotal in supporting the price action. The price is above the 50-EMA, which indicates a bullish short-term trend. If XRP price maintains its position above these moving averages, it could push toward higher resistance levels in the short-term. The Awesome Oscillator (AO) also supports the bullish outlook, as it is currently showing green bars, signaling momentum in favor of the bulls. The increasing bars on the AO suggest continued buying pressure, with no signs of bearish divergence yet. XRP Price Prediction for May 9: Eyes on $2.20 Resistance and Support Levels XRP price dynamics (Source: TradingView) As we move into May 9, the XRP price indicates that a key battle is unfolding at the $2.20–$2.23 resistance zone. If XRP price continues to hold above $2.15 and manages to push above $2.23, the next likely targets are $2.30 and $2.35. These levels have historically acted as strong resistance, making them critical for the next phase of the rally. However, if price fails to maintain momentum above $2.15, a retracement toward the $2.12 and $2.10 support levels could occur. A drop below $2.10 would likely signal a deeper correction, potentially retesting the trendline at $2.05 or lower. Read Also: XRP Price Prediction May 2025 XRP (XRP) Forecast Table – May 9 Outlook Indicator Level / Signal Bias Current Price $2.18 Bullish Immediate Resistance $2.20 – $2.23 Watch for Breakout Support Levels $2.12 / $2.10 Key Support Zones RSI (4H) 64.60 Bullish, Room to Run MACD (4H) Positive Cross Momentum Confirmed Bollinger Bands Expanding Volatility Expected Short-Term Outlook Neutral-to-Bullish Awaiting Breakout Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.