XRP Price Prediction: As Gemini Lists Ripple’s $RLUSD For Trading, Solaxy Presale Hurtles Toward $34M

The XRP price has dropped 4% in the last 24 hours to trade at $2.09 as of 3:34 a.m. EST on a 37.6% surge in trading volume to $2.22 billion. 

This decline in the Ripple Token price comes despite Gemini’s recent listing of Ripple’s stablecoin RLUSD for trading, deposits, and withdrawals. The move was seen as a major step forward for Ripple’s ecosystem, signaling increased mainstream adoption and confidence.

NEW: $RLUSD is now available for trading on Gemini

Deposits & withdrawals are enabled ✅

Buy, sell, and store today: https://t.co/Vd2sae45kn pic.twitter.com/4g4t226sF7

— Gemini (@Gemini) May 5, 2025

However, the positive momentum from RLUSD’s growing exchange presence and institutional use has yet to lift XRP’s price, which continues to face downward pressure from broader market conditions and weak technical signals.

XRP Price Slips Toward Key Support As Technical Indicators Turn Bearish

XRP is trading at $2.092, after a volatile few months. The asset surged near $3.40 in early January but has since seen sharp declines, falling to $1.61 in April after repeated rejections from a falling trendline shown on the daily chart.

XRP recently faced another rejection near the $2.30 mark, which aligns with the 0.382 Fibonacci retracement level. This latest pullback has set the stage for a potential drop toward the $1.95 support zone, representing a 5.79% decline from current levels.

The $1.95 area, corresponding with the 0.5 Fib level, has previously acted as a strong support zone. If this level holds, XRP could see a rebound toward the $2.30 resistance. However, a break below $1.9581 would likely open the door for a deeper move down to $1.612, aligned with the 0.618 Fib level.

XRPUSDT Analysis Source: Tradingview

XRP Consolidates As Bears Gain Ground

Technical indicators are painting a cautious picture. The Relative Strength Index (RSI) sits at 43.06, signaling neutral-to-bearish momentum with no clear signs of oversold conditions.

Meanwhile, the Moving Average Convergence Divergence (MACD) is flashing bearish signals, as the MACD line has begun crossing below the signal line, suggesting growing selling pressure.

In the short term, XRP might consolidate between $1.95 and $2.10 unless a breakout above $2.30 occurs. A strong move above that level could reignite bullish momentum and potentially push the asset back toward its January high of $3.42.

Solaxy Presale Charges Towards $34M – Next 100X Gem?

As XRP investors prepare for a potential price decline, their attention is shifting to Solaxy (SOLX), a promising Layer-2 scaling solution for the Solana network.

The project is gaining momentum after its presale surpassed $33.4 million, highlighting strong investor confidence in its mission to solve Solana’s ongoing congestion problems. With Solana’s ecosystem rapidly expanding but facing persistent scalability issues, Solaxy’s innovative solution could be a breakthrough.

Solana, known for its lightning-fast transactions and low fees, has faced growing pains as its popularity surges. High-traffic periods, like meme coin launches, often lead to transaction failures and rising costs, exposing the blockchain’s limitations. 

You're always flying first class with Solaxy. 🔥

The L2 $SOLX rocket will get you where you need to go. 🛸🪐https://t.co/mdaTX9ao5Z pic.twitter.com/A8QERwUNsQ

— SOLAXY (@SOLAXYTOKEN) May 6, 2025

Solaxy is rolling out an off-chain transaction processing system to reduce congestion on the Solana blockchain, following in the footsteps of Ethereum’s Layer-2 scaling solutions.

The strategy involves bundling and verifying transactions off-chain before finalizing them on Solana’s mainnet, an approach designed to improve speed and overall network efficiency.

The project is also attracting growing investor attention due to its cross-chain capabilities, which bridge Ethereum’s robust DeFi ecosystem and liquidity with Solana’s high-speed, low-cost infrastructure.

By integrating the strengths of both blockchains, Solaxy aims to build a hybrid platform optimized for performance and scalability.

Adding to Solaxy’s momentum, popular crypto YouTube channel 99Bitcoins, with over 725k subscribers, says SOLX is one of the most promising new tokens that could achieve 100x gains after its launch.

Investors are also drawn to the project’s staking program, which offers a 120% APY. 

Priced at $0.001716, SOLX tokens can be bought through the Solaxy website using crypto or bank cards.

Solaxy has also integrated with Best Wallet to make access even easier. Users can buy and manage their SOLX tokens directly in the app.

However, with a price hike looming in under 29 hours, the window for securing tokens at the current rate is closing fast.

Learn more about Solaxy.

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