XRP has surged 6.2% in the last 24 hours, outperforming Bitcoin and leading the current crypto rally. As of April 30, 2025, XRP is trading at $2.30 while Bitcoin is at $95,385. Several factors are driving this momentum:
ETF Approvals: The SEC approved XRP ETFs from ProShares and Teucrium, offering institutional investors an easy way to invest without directly trading XRP. These products, including leveraged and short ETFs, have attracted significant interest.
CME XRP Futures: Starting May 19, 2025, CME Group will launch XRP futures, further legitimizing the token and attracting sophisticated traders.
Legal Victory: Ripple's SEC case was dismissed in March 2025, eliminating uncertainty and restoring confidence in XRP across markets.
Whale Activity: Whale accumulation continues, with large holders increasing their positions, while exchange inflows drop, signaling long-term holding rather than selling.
Macro Factors: With global inflation stabilizing and easing trade tensions, crypto markets are seeing renewed investor confidence, pushing XRP into the spotlight.
Analysts believe XRP could break past $2.70 and reach new all-time highs, signaling a strong bull run ahead.