Will XRP Price Break Out? Ripple's Potential 20% Jump This Week

Is XRP about to surge? Investors are closely watching the XRP price as speculation mounts about a potential 20% breakout this week. Despite a recent 53% correction, XRP has maintained its position around $0.52, fueling hopes for a significant upward move.

According to CoinCodex, XRP may note a 20% jump in its price this week and may exchange hands at $0.61 by May 4–5, 2025. However, by May 9, the token may experience a correction. This prediction is contributing to the current excitement surrounding Ripple (XRP).

The XRP price outlook is mixed, with some analysts expecting a 20% breakout. Ripple (XRP) is waiting for a breakout in either direction as the price holds between the $2.50 critical resistance and $2 support. Source: MasNora on TradingView.

The ongoing legal battle with the Comisión de Valores Bursátiles (SEC) – who accused Ripple and a few top executives of raising over $1.3 billion through an unregistered asset offering – continues to cast a shadow over XRP's future. This legal uncertainty adds an element of risk, but also potential reward, should Ripple achieve a favorable outcome.

Keep an eye on the XRP price charts this week to see if Ripple can break free from its current range and achieve the anticipated 20% breakout. This is a crucial time for XRP investors and enthusiasts alike.