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According to Cointelegraph, the XRP cryptocurrency is exhibiting signs of a potential downturn as a classic head-and-shoulders pattern emerges on lower timeframes. This bearish technical formation, coupled with significant long liquidations and declining open interest, suggests weakening trader confidence in XRP futures. The head-and-shoulders pattern, identified on XRP's four-hour chart since May 9, indicates a possible 14% price drop. This pattern, known for signaling trend reversals, consists of three peaks: a higher peak (head) and two lower peaks (shoulders). The pattern is confirmed when the price breaks below the neckline, which connects the lows of the left and right shoulders, suggesting a potential sell signal. In XRP's case, the pattern was validated when the price fell below the neckline at $2.33 during early Asian trading hours on May 19. If the price remains below this level, the XRP/USD pair could further decline to $2.25, where the 200-day simple moving average currently resides, and potentially reach the pattern target of $2.00, marking a total loss of 14% from current levels. As reported by Cointelegraph, the possibility of a decline to as low as $2.00 is currently unfolding as bullish momentum wanes. Analyst Egrag Crypto emphasizes the importance of maintaining support at $2.30, which aligns with the head-and-shoulders neckline, to prevent a breakdown toward lower targets. The analyst's chart indicates that a drop below $2.30 could initiate a substantial sell-off, with initial targets around $2.15 and potentially as low as $1.60. In addition to the technical patterns, XRP's open interest has decreased by 18% to $4.49 billion over the past five days, signaling reduced trader confidence and liquidity, which contributes to downward price pressure. The recent decline in XRP's price has also led to liquidations, with long positions valued at $12 million being forcibly closed, compared to just $1.4 million in shorts. This scenario reflects increased selling pressure as bullish traders are compelled to sell at a loss, further driving prices lower. Notably, XRP's 3% drop over the last 24 hours is accompanied by a 70% surge in daily trading volume to $4.1 billion. An increase in trading volume amid a price decline can be interpreted as growing bearish momentum or repositioning by crypto traders as they anticipate XRP's next move. Readers are reminded that this article does not offer investment advice or recommendations, and every investment and trading decision involves risk. Conducting thorough research is advised before making any financial decisions.

According to PANews, U.S. District Court Judge Analisa Torres has dismissed a joint settlement motion filed by the SEC and Ripple. The motion sought to lift an injunction from an August 2024 ruling and to release $50 million from a $125 million civil penalty escrow to the SEC, with the remaining funds returned to Ripple. The judge ruled that the application did not comply with the procedural requirements outlined in Rule 60 of the Federal Rules of Civil Procedure. Ripple's Chief Legal Officer stated that they will resubmit a settlement application that adheres to the rules. Legal experts suggest that both parties need to provide detailed justifications for the settlement under Rule 60, including the SEC's rationale for dropping other charges. The complete process is expected to take an additional 3-5 weeks. The judge emphasized that the dismissal was solely due to procedural issues and did not involve a substantive review of the settlement content.

According to Cointelegraph, XRP has experienced a significant rebound, rising over 50% in the past month after hitting a local low of $1.80. This surge is attributed to an improved risk appetite and the anticipation of an 'altseason.' However, recent technical patterns suggest potential short-term downside risks for the cryptocurrency. A double top formation near $2.65 indicates a possible trend reversal, with the pattern comprising two distinct peaks and a neckline around $2.47. Following the second peak, XRP fell below this neckline, confirming a bearish setup. This breakdown suggests a potential decline towards $2.30 if buyers fail to push the price above $2.65, signaling weakening momentum after a robust rally.XRP has also broken down from a rising wedge pattern, indicating a shift from bullish to bearish momentum. The cryptocurrency is currently testing support from the 50-4H exponential moving average (EMA). A confirmed breakdown below this support could lead to a 20% price drop to approximately $1.94. This target is derived from the height of the rising wedge pattern. The $2.00–$2.04 range is crucial as it holds significant leveraged long positions, which, if forced to close, could trigger a long squeeze, adding selling pressure and pushing the price closer to the $1.94 target.On-chain metrics, such as the Net Unrealized Profit/Loss (NUPL), indicate that XRP traders are in a 'denial' phase, expecting prices to rise despite fading momentum. Historically, this phase has preceded major corrections, as seen in 2018 and 2021. If history repeats, XRP may face further downside in the short term, aligning with the bearish technical setups of the double top and rising wedge patterns.Despite these short-term risks, XRP's long-term charts remain bullish. A potential 45% rally towards $3.69 by June is possible if a breakout from a multimonth falling wedge pattern occurs. However, if XRP falls below the wedge's upper trendline and loses support at the 20-day and 50-day EMAs, the bullish outlook could be invalidated, risking a decline towards $1.75. Long-term projections suggest targets of $5.24 and even $17, based on symmetrical triangle patterns and Fibonacci extensions. Overall, while short-term pullback risks exist, XRP's long-term charts indicate a persistent bullish bias, suggesting the rally may not be over.

According to Cointelegraph, XRP has experienced a significant price increase of over 55% since April, indicating potential for further gains. The cryptocurrency's price rose from a local bottom of approximately $1.61, driven by bullish technical patterns and on-chain data. Notably, whale flows have turned positive for the first time since November 2024, historically signaling trend reversals. This shift in whale behavior suggests a possible continuation of the upward trend. XRP whale wallets, which hold substantial amounts of the cryptocurrency, had been reducing their holdings since late 2024, leading to a sharp price correction from above $3.55 to below $2.00. However, as of mid-May 2025, the trend has reversed, with whale outflows slowing and the 90-day moving average of net flows turning positive. Historically, such positive shifts in whale flows have marked major bottoms or trend reversals, as seen in XRP's rally from around $0.43 in July 2024 to $3.55 in January 2025, resulting in approximately 400% gains. Technical analysis of XRP's price indicates a breakout from a multimonth falling wedge pattern on the 3-day chart, typically viewed as a bullish reversal setup. This wedge, formed between December 2024 and early May 2025, compressed price action while volume declined, signaling accumulation. The breakout occurred in early May near the $2.25 level, just above the 50-period exponential moving average (EMA), which now serves as key support. Based on the wedge's height, the breakout projects a price target near $3.45, approximately 40% above current levels. XRP's relative strength index (RSI) also supports the bullish outlook, bouncing back above 57 and indicating renewed buying momentum. Despite the optimistic projections, the path to the target may encounter resistance. Analysts have identified a key resistance level near $2.80 that could temporarily limit XRP's upward movement. In the short term, XRP may consolidate above its 50-day EMA, as whale inflows often signal the beginning of an accumulation phase before a stronger price breakout. Analyst Kripto Mavsimi notes that while the pace of outflows is slowing and showing signs of stabilization, it is not yet a full reversal. This base-building period could be a healthy development if it aligns with previous whale-driven rallies. Readers are reminded that this article does not provide investment advice, and all trading decisions should be made after conducting thorough research.

According to BlockBeats, on-chain analyst @ali_charts has identified a support level for XRP at $2.38. Currently, there is no apparent resistance above this price point.

According to Foresight News, data from Glassnode indicates that XRP futures open interest has surged by over $1 billion in the past week, rising from $2.42 billion to $3.42 billion, marking a 41.6% increase. This significant rise in leverage coincides with the increase in XRP's price from $2.14 to $2.48, suggesting heightened speculative activity and growing directional conviction.

According to Foresight News, data from Santiment indicates that the number of XRP holders has grown by approximately 11% so far in 2025.

According to Odaily, the U.S. Securities and Exchange Commission (SEC) has officially submitted a settlement agreement with Ripple Labs and its executives, Bradley Garlinghouse and Christian Larsen, on May 8, 2025. This agreement concludes a legal dispute that has lasted four and a half years. Under the terms of the settlement, both parties will jointly request the court to lift the injunction against Ripple from the August 7, 2024, ruling and release funds from the $125 million escrow account. Of this amount, $50 million will be paid to the SEC, while the remaining $75 million will be returned to Ripple. The agreement also stipulates that if the court agrees to lift the injunction, both parties will withdraw their cross-appeals currently under review by the Second Circuit Court of Appeals. The SEC emphasized that this settlement is aimed at advancing its cryptocurrency regulatory framework reform and does not constitute an acknowledgment of the substantive claims of the case, nor does it set a precedent for other cases.

Ripple and SEC reach agreement to conclude long-standing legal battle; $125M escrow to be partially returnedRipple Labs and the U.S. Securities and Exchange Commission (SEC) have officially reached a settlement, concluding one of the most closely watched legal battles in the crypto space.Key Points:Ripple will pay a $50 million fine to the SEC.The remaining $75 million from a $125M civil escrow account will be returned to Ripple.Both parties requested the court to terminate existing restrictions on Ripple’s operations.The case closure may impact XRP price and broader crypto regulatory sentiment.Settlement DetailsAccording to crypto journalist Wu Shuo, the settlement involves both Ripple and the SEC submitting a joint request to the court. The request aims to:Lift the ban previously imposed on Ripple, andRelease $125 million in escrowed civil penalties.As part of the agreement, Ripple will forfeit $50 million to the SEC, while the remaining $75 million will revert back to the company.Regulatory and Market ImpactThis development marks a significant turning point in the SEC’s enforcement campaign against crypto companies, particularly around the classification of digital assets like XRP.The resolution of the case could:Strengthen Ripple’s position in U.S. and global markets,Influence XRP’s legal clarity, andAffect the tone of future SEC lawsuits involving other crypto firms.

According to Foresight News, Ripple's market report for the first quarter of 2025 reveals that the company held a total of 4.56243 billion XRP as of March 31, marking a 1.7% increase compared to the end of the fourth quarter of 2024 on December 31. Additionally, the report indicates that the total amount of XRP in escrow, set to be released monthly over the next 42 months, stood at 37.13 billion XRP at the end of the first quarter, showing a decrease of 2.57% from the end of the fourth quarter of 2024.

According to Cointelegraph, XRP is currently exhibiting a bearish descending triangle pattern on its daily chart, which could lead to a significant price drop. This pattern, which has been forming since the late 2024 rally, is characterized by a flat support level and a downward-sloping resistance line. Typically, such a pattern following a strong uptrend indicates a bearish reversal, suggesting that if the price breaks below the flat support level, it could fall by the maximum height of the triangle. The XRP price is struggling to maintain its position above the 50-day simple moving average (SMA), currently at $2.18, indicating a lack of bullish momentum. Should this trend persist, a close below both the 50-day SMA and the 100-day SMA at $2.06 could push the XRP/USDT pair down to the psychological support level of $2.00. If this support fails, the price could plummet to around $1.20 by the end of May, marking a 45% decline from current levels. This potential drop aligns with earlier analyses that warned of a decline to as low as $1.61 if key support levels do not hold. Conversely, a breakout above the resistance line at $2.18 would invalidate the bearish pattern, potentially setting the stage for a rally toward the $3.00 level. In addition to the bearish technical pattern, XRP is also experiencing a decline in network activity. Data from Glassnode reveals a significant drop in daily active addresses (DAAs) on the XRP Ledger compared to the first quarter of 2025. On March 19, the ledger recorded a peak of 608,000 DAAs, indicating high user engagement and transaction activity. However, this number has drastically decreased to around 30,000 daily active addresses in April and early May, suggesting reduced interest or confidence in XRP's near-term prospects. Historically, such declines in network activity often precede price stagnation or drops, as lower transaction volumes reduce liquidity and buying pressure. Despite a 1.17% drop in XRP's price over the last 24 hours, there has been a 30% increase in daily trading volume, reaching $2 billion. This increase in trading volume amid a price decline could indicate profit-taking or repositioning by traders as they anticipate XRP's next move. Analyst Dom noted the increased selling volume, attributing XRP's inability to sustain upward movements to significant market selling over the past week. This article does not offer investment advice, and readers are encouraged to conduct their own research before making investment decisions.

According to Cointelegraph, the likelihood of an XRP Exchange-Traded Fund (ETF) receiving approval has risen to 85% following a change in leadership at the U.S. Securities and Exchange Commission (SEC). This development has sparked optimism among analysts who predict that XRP could reach new all-time highs in 2025. Despite a recent 5% drop in XRP's price due to U.S. GDP data indicating a shrinking economy, the altcoin's market structure appears to be strengthening. Investors are hopeful for a spot XRP ETF approval in the United States, which could see XRP revisit its April peak of $2.36 in the near term. Technical analysis reveals that XRP is currently trading within a falling wedge pattern, a bullish reversal chart pattern characterized by two converging trend lines connecting lower lows and lower highs. This pattern suggests weakening downward momentum, and a breakout above the upper trendline at $2.40 could lead buyers to target $3.74, a 71% increase from the current price. The relative strength index (RSI) remains above the midline, indicating favorable market conditions for an upward trend. However, for XRP to sustain its recovery, it must hold support at $2.20 and overcome resistance between $2.80 and $3.00. Analysts remain optimistic about XRP's potential to reach new highs, with some predicting a climb to $19.27 based on the falling wedge pattern. The improved odds for XRP ETF approval are supported by Bloomberg senior ETF analysts, who have increased their prediction from 65% to 85% following the SEC leadership change. This optimism is echoed by betting odds on Polymarket, which now stand at 80% for an XRP ETF approval by December 31. The probability of approval has increased by 17% over the past week, reflecting growing confidence among investors. Meanwhile, the SEC has postponed its decision on Franklin Templeton’s spot XRP ETF, setting a new review deadline for June 17. Approval of these ETFs could unlock institutional capital and boost demand for XRP, marking a significant step toward mainstream adoption. However, the timeline for approval remains uncertain. Readers are reminded that this article does not provide investment advice, and all trading decisions should be made based on individual research and risk assessment.

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.