XRP Price Analysis of May 8, 2025, and Ripple Updates

On May 8th, 2025, XRP moved across a volatile range, hitting a daily low of $2.10 and a daily high of $2.22. Traders started the session in a clear downtrend before pivoting into a sideways consolidation phase. A bullish breakout then sparked a sudden rally that pushed the XRP price to its intraday peak of $2.22. Traders saw multiple RSI signals mark overbought and oversold zones, which mirrored shifting market sentiment. The MACD indicator also delivered several momentum turns, showing death crosses and golden crosses at critical moments. This article will examine these price swings, chart patterns, and technical signals in greater depth with detailed chart analysis.

XRP Breaks Below Descending Triangle as RSI and MACD Flash Bearish Signals

During the early session, XRP carved a sharp descending triangle chart pattern. It was accompanied by an overbought signal on the RSI and a death cross formation on the MACD. These bearish signals matched the intraday price swings and forced the market to break below the triangle’s lower boundary. XRP price then slid inside a clearly defined descending channel, dragging the price down to approximately $2.137. At that juncture, MACD generated a bullish golden cross, and RSI plunged deep into the oversold zone, signaling the possibility of a swift short-term rally.

Chart 1- XRP/USDT M5 chart, analyzed by Mehraneh Hosseni, published on Tradingview, May 8, 2025.

After that brief rally, sellers regained control and guided XRP into another descending triangle formation. As this second triangle neared its apex, RSI again dipped into the oversold zone and MACD produced a fresh golden cross, suggesting an imminent bounce. Traders drove the price up to $2.151 at 9:05 UTC. At this point, RSI climbed into overbought territory and MACD flipped into a death cross, warning of renewed downside pressure. Predictably, XRP price turned lower and volatility spiked, with Ripple price swinging sharply in both directions. This unstable phase lasted until a clear symmetrical triangle formed around 18:40 UTC.

Two-Leg Breakout Propels XRP to $2.207

At 18:40 UTC, traders witnessed the price decisively break above the symmetrical triangle. This happened when a powerful full-body green candle closed firmly beyond the descending trend line, confirming clear bullish strength. This development aligned with a strong MACD golden cross that reinforced strong upward momentum. After that significant advance, the price pressed toward the next descending trend line, met resistance, and entered a brief short-term consolidation phase.

Chart 2- XRP/USDT M5 chart, analyzed by Mehraneh Hosseni, published on Tradingview, May 8, 2025.

During that period, XRP price formed a brief descending channel before a full-body green candle again pierced the upper trend line. This confirmed another breakout. That breakout triggered a wedge pattern that also broke above its upper boundary, producing a sudden, significant, sharp price spike. Bulls then drove momentum into a rising channel, which also saw an upward break. Traders witnessed a two-leg breakout pattern that pushed the Ripple price to $2.207, closing in on the session high.

Death Cross Sparks XRP Downtrend Before Breakout to $2.218

After the price spike, XRP slid into a downward channel that began immediately after the MACD generated a death cross at 04:35 UTC. RSI entered the overbought zone, which signaled a likely correction. XRP then descended at a pace until it reached roughly $2.168, at which moment it shattered the channel’s upper boundary and sparked a bullish reversal rally. This rally carried prices to hit the daily peak of $2.218, before participants applied profit-taking pressure, which nudged the price lower to about $2.201. During the closing of the session, XRP price swung back and forth between those two pivotal levels. This created a narrow, range-bound formation defined by short-term support and resistance zones.