XRP price in India saw a 2% increase on May 7, driven by optimism surrounding US-China trade talks. The key support level at $2.08 is crucial for sustaining the recovery. Analysts emphasize the importance of XRP price staying above the $1.83-$2.00 support for further upside potential. Whale accumulation signals strength in XRP price, indicating a bullish outlook. Santiment’s Supply Distribution metric reveals a rise in supply held by entities with a 1 million – 10 million XRP balance, suggesting accumulation during market dips. This accumulation by large entities reduces selling pressure and supports price floors. XRP open interest has seen a slight increase, while trading volume has dropped, indicating cautious trading sentiment. Traders believe XRP has the potential to reach its seven-year highs above $3.40 if it maintains key support levels. The XRP price bounced off the 200-day SMA at $2.08 on May 6, signaling a positive trend. Analysts warn that XRP should not close below $1.83 to maintain its bullish momentum. Despite recent fluctuations, analysts remain optimistic about XRP’s potential to achieve new all-time highs. This article does not provide investment advice, and readers are advised to conduct their research before making any financial decisions.