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XRP Eyes 55% Rally as Market Momentum Builds Ahead of Key CatalystsXRP rose nearly 5% today, reaching an intraday high of $2.36, extending a three-week rally that has lifted its price by more than 46%. Several key factors are contributing to the renewed bullish momentum for XRP, including the approval of XRP futures ETFs, whale accumulation, and a technical breakout suggesting further upside.ProShares XRP Futures ETF Approval Boosts SentimentXRP's latest price surge follows the U.S. Securities and Exchange Commission’s (SEC) approval of three XRP futures-based exchange-traded funds (ETFs) under ProShares Trust.The newly approved products — ProShares XRP Strategy ETF, ProShares Short XRP Strategy ETF, and ProShares XRP Blend Strategy ETF — are scheduled to launch on April 30, 2025, providing investors with indirect exposure to XRP price movements.In addition, the CME Group recently announced plans to list XRP futures contracts alongside BTC, ETH, and SOL futures starting next month, further expanding XRP’s presence in regulated derivatives markets.While progress on a spot XRP ETF remains pending, with key decisions due in May, market participants view the futures ETF approval as a major step toward broader institutional adoption.Whale Accumulation Strengthens Price SupportData from Glassnode shows a steady rise in the number of XRP addresses holding at least 10,000 XRP tokens, particularly during the recent 30% price correction from January’s highs of $3.40.This whale accumulation trend signals growing investor confidence and suggests that selling pressure remains limited, creating a strong base for continued price appreciation.XRP Technical Breakout Targets $3.63From a technical perspective, XRP has broken out of a falling wedge pattern — a historically bullish reversal formation.The breakout points to a potential price target of $3.63, representing a 55% upside from current levels.XRP is now holding above its 50-period 3D exponential moving average (EMA), which has served as a crucial historical support level.The Relative Strength Index (RSI) remains neutral between 30 and 70, indicating room for further gains without signaling immediate overbought conditions.Analysts argue that maintaining price action above key moving averages will be critical for XRP’s continuation toward the $3.63 breakout target.Market OutlookWhile short-term volatility remains possible, the convergence of institutional product launches, whale accumulation, and technical breakout confirmation suggests that XRP's price could see further upside in the coming weeks.Market participants are now closely watching the futures ETF launch on April 30 and any developments regarding spot XRP ETF approvals, which could further strengthen XRP's position in both retail and institutional portfolios, according to Cointelegraph.

According to BlockBeats, Bloomberg ETF analyst James Seyffart clarified on social media that reports suggesting ProShares will launch an XRP ETF on April 30 are inaccurate. Seyffart confirmed that there is no definitive listing date yet. However, he indicated that the launch is likely to occur in the short to medium term.

According to Odaily, crypto journalist Eleanor Terrett stated on the X platform that the three ProShares XRP ETFs are not spot products. Instead, they are applications for futures and leveraged/inverse products. Unlike spot products, these do not require explicit 'approval' from the U.S. Securities and Exchange Commission (SEC). They become effective as long as the SEC does not raise any objections within a certain period after the application is submitted.

According to Odaily, XRP has experienced a significant price increase, surpassing 2.2 USDT and currently trading at 2.237 USDT. This rise follows the announcement that the U.S. Securities and Exchange Commission (SEC) has approved the public listing of ProShares Trust's XRP ETF, set to occur on April 30.

According to Odaily, Cointelegraph reported on X that the U.S. Securities and Exchange Commission (SEC) has approved the public listing of ProShares Trust's XRP ETF, scheduled for April 30.

According to PANews, Ripple has officially denied any plans to initiate an Initial Public Offering (IPO) in 2025, following years of market speculation. In an interview with CNBC, Ripple President Monica Long stated that an IPO is not part of the company's agenda. She emphasized that Ripple's financial position is robust, with billions in cash reserves, eliminating the need for public listing to raise funds or enhance market visibility. Long noted that companies typically go public to raise capital or boost brand presence, but Ripple currently has no need for either.Ripple CEO Brad Garlinghouse has consistently reiterated that the company is not seeking external capital nor planning a public listing in the short term. The rumors of Ripple going public have persisted for years. In 2022, Garlinghouse mentioned that the possibility of an IPO would be reconsidered once the legal dispute with the U.S. Securities and Exchange Commission (SEC) was resolved. However, after reaching a settlement with the SEC at the end of 2023, Garlinghouse reaffirmed that going public is not a priority for Ripple.

XRP Becomes Third Major Digital Asset to Be Listed on the Chicago Mercantile ExchangeThe Chicago Mercantile Exchange (CME) has announced plans to launch XRP futures contracts, positioning XRP alongside Bitcoin (BTC) and Ether (ETH) as one of the few digital assets with futures offerings on a major U.S. derivatives platform, according to a report by TechFlow.The move is viewed as a significant milestone for the cryptocurrency industry, as it signals growing institutional acceptance of utility tokens beyond Bitcoin and Ethereum.Industry Reactions and Potential ImplicationsRipple CEO Brad Garlinghouse described the development as a "watershed moment," stating that the addition of XRP futures on CME validates XRP’s status as a mature investment asset and will enhance its liquidity and market stability.Analysts suggest that the launch could pave the way for XRP-linked ETFs or structured investment products, particularly in light of broader industry efforts to introduce diversified crypto-backed financial instruments.“Listing XRP futures on CME marks a new chapter, where utility tokens are increasingly recognized by global financial institutions,” one analyst commented.The introduction of XRP futures could also lead to greater hedging capabilities for institutional investors, improved price discovery, and increased trading volume across spot and derivatives markets.XRP’s Growing InstitutionalisationXRP’s addition to CME’s product lineup comes after years of legal and regulatory scrutiny surrounding its classification. The listing may further solidify XRP’s role within the evolving landscape of compliant digital asset products available to institutional investors.It remains unclear exactly when trading will commence, with CME expected to provide further operational details in the coming weeks. 

According to PANews, the world's first spot exchange-traded fund (ETF) linked to XRP has been launched by Hashdex and is managed by Genial Investimentos. Trading commenced on April 25, 2025, at the B3 stock exchange in Brazil. The ETF, identified by the code XRPH11, tracks the Nasdaq XRP Reference Price Index. Hashdex has stated that at least 95% of the ETF's net assets will be allocated to XRP.

According to Cointelegraph, XRP has experienced a notable increase in value, rising 25% since April 7, following a year-to-date low of $1.61. This surge coincides with a broader recovery in the cryptocurrency market and a significant rise in XRP's open interest, which has jumped 32% from $3.14 billion to $4.13 billion between April 21 and 23. This increase in futures open interest suggests a bullish sentiment among derivatives traders. However, data from Velo indicates a contrasting perspective, as the negative aggregated premium on open interest shows that the XRP futures market continues to bid against a price rise. The funding rate remains near zero, reflecting a neutral stance between bullish and bearish traders. The aggregated spot tape cumulative volume delta turned positive in April, indicating increased buying pressure as market buy trades surpassed sell trades across various exchanges. Despite the rising interest in futures, XRP's price appears to be caught in a tug-of-war between bullish spot market activity and bearish perpetual futures. Analysts maintain double-digit price targets for XRP, with Sistine Research, a crypto investment community, forecasting a long-term target between $33 and $50. This prediction is based on a higher time frame symmetrical triangle pattern reminiscent of the 2017 rally, which saw a 2,600% increase. Sistine Research suggests that optimistic targets could drive prices as high as $77-$100. Currently, XRP is valued at $2.23 with a market cap of $131 billion. Achieving a $33 target would increase the market cap to approximately $2 trillion, surpassing Bitcoin's current market cap. From a lower-time frame perspective, XRP exhibits an inverse head-and-shoulders pattern, potentially testing the resistance range between $2.50 and $2.67. This resistance range aligns with Fibonacci extension levels drawn from the neckline's base to the head's lowest point. The relative strength index (RSI) is nearing overbought territory, suggesting a possible pause in price movement at the current range. Readers are reminded that this article does not contain investment advice or recommendations, and every investment and trading move involves risk. It is advised that individuals conduct their own research when making investment decisions.

According to Odaily, the XRP Ledger Foundation has identified a potential vulnerability in the latest version of the XRPL JavaScript library used for building applications. The foundation is urging affected projects to update to the patched version of the code. This issue was discovered by Charlie Eriksen, a malware researcher at Aikido Security, who warned that the 'backdoor' could lead to a 'potentially catastrophic' supply chain attack.

According to Cointelegraph, XRP has been trading within a narrow range over the past eight days, maintaining its position just above the $2.00 support level following a marketwide recovery over the weekend. Onchain and technical data suggest that the XRP/USD pair is positioned for a potential breakout toward the $3.00 mark. Since April 14, XRP's price has been consolidating between $2.03 and $2.13, with the daily relative strength index (RSI) remaining flat at approximately 49, indicating market indecision. Despite this sideways movement, whale activity presents a promising outlook, as onchain data reveals that large investors have capitalized on the price drop to $1.61. Notably, XRP whale addresses holding between 10 million and 100 million XRP have seen a sharp increase since April 1, according to Santiment data. Similarly, addresses holding over 1 billion XRP have steadily grown, now accounting for 39.37% of the total XRP supply, up from 37.67% at the end of March. This trend may reflect the confidence of these large investors in XRP's potential price increase, despite prevailing macroeconomic risks and uncertainties. Additionally, XRP has experienced a notable decline in exchange reserves. The XRP balance on exchanges peaked at 3.27 billion XRP in November 2024, but currently, around 2.7 million XRP are held on exchanges. This metric has decreased by 10% over the past 30 days, despite market turbulence since early April. The price action between April 7 and April 22 has resulted in the formation of a bull flag pattern on the daily chart, with the price retesting the upper trendline of the flag at $2.10, suggesting a possible breakout. Although the price has unsuccessfully attempted to rise above this trendline multiple times in the last ten days, each retest has led to new buyers accumulating around this region. A decisive close above this trendline could enable XRP to recover from its current level and potentially break out toward the flag's technical target at $2.93 or the $3.00 psychological level, provided strong volume supports the move. Several analysts have echoed this bullish outlook, viewing XRP's consolidation as a precursor to a significant upward move. Popular trader Dark Defender noted that XRP is retesting a key multimonth resistance line, suggesting that if this resistance is broken, the price could break out, with Wave 5 potentially driving it toward $4.00. Key levels to monitor include $2.22 and $2.75 on the upside and $1.80 and $1.61 on the downside, according to the analyst. Meanwhile, fellow trader CasiTrades indicated that the rejection at $2.24 suggests the price may sweep major support levels around $1.90 or $1.55 before XRP is ready to break out. As previously reported by Cointelegraph, Wyckoff reaccumulation and falling wedge patterns are painting a bullish target for XRP above $3.50. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

According to Cointelegraph, XRP has experienced a notable rebound of nearly 30% after hitting a four-month low of $1.61, driven by rising tariff tensions. However, this recovery may be short-lived as technical patterns and on-chain signals suggest a deeper correction could be imminent. The cryptocurrency is currently forming a classic bearish reversal pattern known as the inverse cup-and-handle (IC&H), which could result in a price drop of at least 40% in the coming weeks. This pattern typically emerges when the price rounds off in a curved descent, followed by a brief consolidation phase, all atop a common neckline support level. As of April 19, XRP has entered the handle-formation phase, with a potential decisive close below the neckline support at around $2. If this occurs, the primary downside target is likely to be around $1.24, which is almost 40% below current prices. This target aligns with XRP’s 200-3D exponential moving average (EMA) at approximately $1.28, coinciding with a November 2024 peak. Additionally, veteran trader Peter Brandt has indicated that XRP’s market cap could decrease by 50% in the coming weeks. The inverse cup-and-handle pattern is unfolding in line with XRP’s historical price behavior, signaling that its 2025 rally may have reached its peak. In previous cycles, the cryptocurrency experienced sharp pullbacks to its aggregated realized price following major surges, notably in 2018 and 2021. The realized price serves as a psychological benchmark for traders, representing the average price at which the XRP supply was last moved. When the market price trades significantly above this level, most holders are in profit, which can lead to complacency or profit-taking. Conversely, if the price approaches the realized price, fear of losses tends to rise, intensifying selling pressure. In 2025, XRP surged past $3.20 before losing momentum, repeating patterns seen in past bull-to-bear cycles. The current realized price is around $1, a likely downside target in 2025, approximately 50% below current prices. Interestingly, XRP’s $1 realized price target is closer to its 200-week EMA at $0.81, a bear market target discussed in Cointelegraph’s analysis in late March. Adding to the bearish outlook, over 80% of XRP addresses are currently in profit, a metric that historically reached similar levels during previous market tops, often preceding significant rounds of profit-taking and pullbacks. If history repeats, these conditions could incentivize traders to exit positions, accelerating XRP’s retracement toward the realized price. Sentiment around XRP reaching a new all-time high above the $3.55 level is deteriorating, according to prediction market data from Polymarket. As of April 19, the odds of XRP achieving this milestone before 2026 have dropped to just 35%, marking a sharp 25% decline from peak confidence levels in March. The upside momentum in the crypto market has faded overall in April, coinciding with a broader decline in risk appetite driven by escalating global tariff tensions under U.S. President Donald Trump’s trade policies. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

According to PANews, Hidden Road, a major brokerage firm set to be acquired by Ripple, announced on Thursday that it has received approval from the U.S. Financial Industry Regulatory Authority (FINRA) to operate as a broker-dealer in the United States. This approval, granted to its subsidiary Hidden Road Partners CIV US LLC, will enable the company to expand its fixed income prime brokerage platform. As a broker-dealer, Hidden Road plans to offer a broader range of compliance services to institutional clients, including clearing, financing, and prime brokerage for fixed income assets. Earlier this month, Hidden Road revealed an agreement with blockchain infrastructure service company Ripple, under which Ripple will acquire Hidden Road for $1.25 billion. This acquisition is subject to regulatory approval and is expected to be completed in the coming months.

According to Cointelegraph, XRP has emerged as a standout performer in the cryptocurrency market, experiencing a remarkable surge of over 300% against Bitcoin in the past six months. This impressive growth has positioned XRP as one of the top-performing assets in the crypto space, raising questions about the sustainability of this rally. While many altcoins have struggled to keep pace with Bitcoin, XRP's ascent has captured significant attention. The reasons behind XRP's surge are varied and complex. Some analysts attribute the rise to strong fundamentals finally coming to the forefront, while others suggest that hype and speculation, fueled by a dedicated community, are driving the momentum. Additionally, legal, political, and institutional factors are believed to play a crucial role in shaping XRP's future trajectory. These elements could potentially have a more significant impact on the asset's performance than many observers currently anticipate. Cointelegraph's latest analysis delves into the dynamics influencing XRP's recent performance, highlighting the growing interest from institutional investors and the potential for transformative developments in the near future. Key topics include the role of exchange-traded funds (ETFs), the influence of stablecoins, regulatory considerations, and the evolving strategies of Ripple Labs. These factors collectively contribute to the ongoing discourse surrounding XRP and its place within the broader altcoin market in 2025.

According to PANews, the U.S. Securities and Exchange Commission (SEC) and Ripple have jointly submitted a motion to suspend their appeal, which has been approved by the court. The SEC is required to provide a status report on the case within 60 days of the order's issuance.

According to ShibDaily, the global interbank network SWIFT is reportedly considering the integration of Ripple's XRP Ledger into its systems, a move that could signify a major advancement in the fusion of blockchain technology with traditional financial systems. Crypto analyst John Squire has highlighted increasing speculation within the digital asset community about a potential announcement from SWIFT. Squire noted that several influential figures have suggested that SWIFT might soon officially announce the incorporation of Ripple's XRP into its international payment framework. The dates April 16 and April 21 are being viewed as potentially pivotal in XRP's history, not due to hype, but because of the context, data, and a narrative that has been developing over the years. Squire pointed out that SWIFT recently released a report discussing the integration of Distributed Ledger Technology (DLT), with Ripple being mentioned. He questioned whether the proximity of these dates is merely coincidental or part of a strategic plan to transition from one phase to another. Ripple has been expanding its presence in traditional finance, highlighted by its $1.25 billion acquisition of the global prime brokerage platform Hidden Road and the introduction of its stablecoin, RLUSD. These developments have fueled speculation about a potential partnership with SWIFT, as Ripple's role in connecting blockchain technology with established financial systems continues to grow. This speculation follows a significant legal development for Ripple. The U.S. Securities and Exchange Commission (SEC) has indicated its intention to dismiss the remaining claims in its long-standing lawsuit against Ripple. This case, which began in 2020, focused on whether the sale of XRP was an unregistered securities offering. The potential resolution of this legal battle marks a crucial turning point for Ripple, which had been overshadowed by the lawsuit. With the SEC stepping back, Ripple is regaining momentum, and the timing of this legal breakthrough alongside renewed partnership rumors is generating optimism among industry observers. There is hope that Ripple may finally achieve the regulatory clarity needed to secure major collaborations, possibly even with established entities like SWIFT.

According to Odaily, XRP has formed a 'rising wedge' pattern on its technical chart, indicating that the recent rally to $1.60 may have concluded, with sellers regaining control of the market. This pattern, characterized by converging highs and lows, typically signals a weakening upward momentum. If the price falls below the lower boundary, it could lead to further declines. Currently, XRP has dropped below the Ichimoku cloud support, reinforcing the bearish signal. If it fails to surpass the recent high of $2.18, there is a risk of the price retreating to the $1.60 support level.

According to BlockBeats, analysts from the crypto research and data platform Kaiko suggest that superior market liquidity and the recent launch of Teucrium's 2x leveraged product position XRP as a leading asset for the next spot ETF approval by the U.S. Securities and Exchange Commission (SEC), following Bitcoin and Ethereum. As the industry anticipates the appointment of crypto-friendly Paul S. Atkins to replace the outgoing SEC Chairman Gary Gensler, who resigned after Senate confirmation last week, several asset management companies, including Bitwise, Grayscale, and VanEck, have submitted more crypto-related ETF applications in recent months. The decision deadlines for these applications are approaching rapidly. Kaiko's data indicates that XRP leads active ETF applications with ten submissions, followed by Solana with five applications, and Litecoin and Dogecoin with three each. XRP boasts the highest average altcoin 1% market depth on major centralized crypto trading platforms, indicating a substantial number of buy and sell orders near the current market price. This contributes to a stable market environment and reduces slippage, making it one of the most liquid assets. Kaiko analysts noted in a Monday report that a highly liquid spot market is crucial for creating efficient structured products, a factor that the previous SEC leadership was particularly sensitive to.