#Xrpđ„đ„ $BTC #WhaleMovements
The recent surge in XRP trading volume, with over $3 billion worth of XRP traded in 24 hours, indicates a significant rebound in the digital asset's market activity. This uptick is part of XRP's broader recovery from facing pressure earlier in the week. Here are some key points to considerÂč:
- Current Price: XRP's current price is $2.14, with a slight decrease of 0.89% from its previous close.
- Market Capitalization: XRP's market capitalization stands at $119.90 billion.
- Trading Activity: The massive trading volume suggests strong retail-led momentum, although inflows have cooled off since February's spike.
The recent developments in the SEC litigation against Ripple Labs might also be influencing the market:
- Settlement Agreement: Ripple Labs and the SEC have jointly requested to suspend their appeals while pursuing a negotiated resolution, with an agreement in principle already reached.
- Potential Impact: This development could positively impact XRP's price and market dynamics.
Looking ahead, XRP's price predictions vary:
- Short-term Predictions: For May 2025, XRP's potential low, average, and high prices are estimated to be $2.04, $2.08, and $2.13, respectively.
- Long-term Predictions: By the end of 2025, XRP's price could hit $1.99, with potential growth to $4.54 by 2026, unless a broad market downturn occurs.ÂČ
Some key factors to watch in the coming days include:
- XRP Inflows and Volume: Continued rise in XRP's price will depend on sustained inflows and trading volume.
- Resistance Levels: If momentum slows, XRP may remain in consolidation until its next major move.
- Regulatory Developments: The outcome of the SEC litigation and potential ETF launches could significantly impact XRP's market performance.
