#Ripple âs #XRP is once again in the limelight as large crypto holders, known as âwhalesâ have been buying the token aggressively.
Crypto analyst Ali Martinez on X shared that approximately 900 million $XRP tokens were purchased by whales during the past month. This large-scale acquisition reflects a strong belief in Rippleâs future and has sparked anticipation among smaller investors for a substantial price hike.
During April 2025, XRP price experienced some ups and downs. The potential appointment of a new SEC chair created uncertainty regarding Rippleâs legal status. Meanwhile, speculations of an XRP ETF (exchange-traded fund) sparked market excitement. However, the SEC has delayed judgments on ETF approvals, leaving investors waiting. Despite this, the crypto has grown in value.
Amidst all this volatility, XRP price registered a 5% increase in April. Its market share also went up to 4.398%, positioning it as the 4th largest crypto globally, behind Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). This increase in position indicates more investor interest and confidence.
Will XRP Price Rally in May?
The question on everyoneâs mind right now is that will XRP price start a rally in May or not. While there is no definitive way to see the future, with whales purchasing, continued hype over the XRP Ledger (XRPL), and anticipation of an ETF approval, numerous analysts are forecasting a possible 35% price surge in XRP in May.
If XRP stays above its support level of $2.20, it could try to reach the next resistance level at $2.50. If the market stays positive, XRP price might even hit its target of $3 by May. Still, the crypto market is highly volatile. Much will hinge on regulatory news and whether large investors continue to support the token.
The SEC vs Ripple XRP settlement will be the key event for XRP investors to look for.
