$XRP
3rd May 2025 – (New York) XRP price may be on the verge of a significant bullish breakout, driven by ongoing accumulation from large investors known as whales. Currently trading at $2.22, XRP has seen a substantial increase of 36% from its April lows, indicating growing investor confidence.
Whales holding between 1 million and 10 million XRP have ramped up their holdings from 3.8 billion coins in November to 5.9 billion today. Similarly, those with 10 million to 100 million coins have increased their total from 6.5 billion to 7.9 billion. This surge suggests that sophisticated investors are optimistic about XRP’s potential for future gains.
The recent buying frenzy among these large holders is largely fueled by expectations surrounding the potential approval of an XRP ETF by the U.S. Securities and Exchange Commission. Analysts predict that such an approval could attract over $8 billion in inflows within its first year, with hopes that a decision could come as early as June.
Market analysts are bullish on XRP, with Standard Chartered forecasting a potential sixfold increase in its price, which would elevate its market cap beyond $600 billion, surpassing Ethereum. XRP’s growing market share in the stablecoin sector, particularly through Ripple USD, adds to the optimism. If Ripple USD captures even a modest share of the projected $1.6 trillion stablecoin market by 2030, it could significantly boost XRP’s valuation.
Technical indicators are also favorable for XRP. The daily chart shows that XRP has recently consolidated after breaking above a descending trendline, which is often a bullish reversal signal. The formation of an inverse head and shoulders pattern further supports the potential for continued price increases.