XRP surged 20% in a month, hitting $2.38 amid bullish crypto market trends.
Whales bought 900M XRP as Ripple nears $50M SEC settlement.
XRP ETF rumors rise after BlackRock-SEC talks, boosting institutional interest.
Over the past month Ripple’s native token XRP has shown consistent growth as it increased in value by nearly 20%. The current momentum aligns with growing institutional attention. The trading value of XRP reached $2.38 on May 10 which represented a 1.5% increase over the previous 24-hour period.
The rally stands out because market sentiment towards major cryptocurrencies continues to show bullish trends.
Whales Accumulate as Market Confidence Grows
Recent weeks have seen big XRP stakeholders acquire nearly 900 million tokens which indicates growing optimism about the token's future prospects. Analysts are observing these wallet activities because they demonstrate significant investor long-term positions. When whale activity rises, smaller investors start to monitor on-chain signals more carefully.
Additionally, Ripple’s nearing of a $50 million settlement with the SEC has reduced some of the regulatory uncertainty surrounding the token. While final court approval is still pending, the development is seen as a major step toward resolving a case that has weighed on XRP’s performance for years. This clarity is encouraging larger investors to re-enter the market.
Macroeconomic Sentiment Supports Broader Crypto Momentum
Besides internal factors, broader macroeconomic developments are also contributing to the bullish trend in XRP. The recent easing of tensions between the United States and China has improved investor sentiment globally. As geopolitical risks decrease, digital asset markets are seeing renewed capital inflows. XRP is among the key beneficiaries of this optimism.
Moreover, the possibility of a spot XRP ETF continues to spark discussion among industry observers. BlackRock’s recent meetings with the SEC have reignited speculation about further institutional involvement. Though no confirmation has been issued, such rumors are adding to the positive market outlook. The increased engagement from major financial players has led to expectations of higher liquidity and visibility for XRP.
Analysts Forecast Continued Upside Despite Lingering Risks
Standard Chartered’s digital asset research team recently projected that XRP could double in value by the end of the year. The forecast aligns with the current accumulation patterns and legal developments. Analysts note that if Ripple finalizes its settlement and regulatory clarity increases, the token could approach its previous all-time high.
Traders continue to keep a close watch on possible risks outside their control. Regulatory oversight and geopolitical changes together with South Asian tensions create ongoing challenges. Market participants stay vigilant about these factors while evaluating XRP's immediate market performance after the rally.
