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CRYPTO
MARKETING ANALYSIS
XRP Price Comeback? Analysts Eye Bullish Breakout as ETF Optimism and Whale Activity Soar
BY
JONATHAN SWIFT
PUBLISHED MAY 5, 2025
1 VIEW
8 MIN READ
Is XRP price gearing up for a major rally? XRP, the cryptocurrency associated with Ripple Labs, is once again in the spotlight as technical analysts and whale activity hint at a potential bullish breakout. Trading around $2.19 as of May 5, 2025, XRP has exhibited resilience above critical support levels while whale accumulation and ETF approval speculation further strengthen the market’s bullish outlook.
Contents
According to blockchain data, institutional wallets have accumulated over 200 million XRP in the past week alone, suggesting a strategic positioning ahead of possible market catalysts. Analysts believe this surge in on-chain activity, combined with improving chart structures, sets the stage for XRP’s next upward leg.
Whale Activity Surges: Over $64M XRP Moved to Coinbase
A single transaction involving 29.5 million XRP, worth more than $64 million, was recently recorded moving to Coinbase, one of the largest U.S.-based crypto exchanges. This substantial transfer has fueled speculation of institutional interest or preparation for large-scale liquidity events.
Moreover, wallets holding between 10 million and 100 million XRP have added over 200 million tokens collectively over the last seven days, according to on-chain analytics platforms. This pattern is consistent with previous market phases where whales accumulate ahead of major rallies
Technical Indicators Suggest Bullish Breakout Imminent
From a technical standpoint, XRP price appears to be forming a symmetrical triangle pattern, a common chart formation that often precedes a breakout. The asset currently trades just above its 20-day Simple Moving Average (SMA) at $2.167, with key resistance forming at the 50-day Exponential Moving Average (EMA) around $2.208.
Key Levels to Watch:
Indicator Price Level (USD)
Current Price $2.19
20-Day SMA (Support) $2.167
50-Day EMA (Resistance) $2.208
First Bullish Target $2.270
Secondary Bullish Target $2.333
Bearish Risk Level $2.068
Emergency Support $1.993
If XRP breaks above the 50-day EMA with strong volume confirmation, it could rally toward $2.27 and potentially test $2.33 in the near term. Failure to sustain this momentum could lead to a retest of lower support zones, particularly $2.068 or $1.993, if bearish sentiment takes hold.
ETF Buzz: Could ProShares Be XRP’s Next Big Catalyst?
The XRP price market is also benefiting from speculation around a potential ProShares XRP spot ETF, with analysts estimating 80% approval odds. This ETF, if greenlit by the U.S. Securities and Exchange Commission (SEC), would mark a significant milestone for Ripple and the broader crypto industry.
The possible approval of an XRP ETF comes on the heels of Bitcoin and Ethereum ETF progress, signaling the SEC’s evolving stance on altcoins. A successful listing could provide massive liquidity inflow, driving prices higher due to increased exposure from institutional and retail investors alike.