XRP Forecasts
Ripple has returned to the spotlight again after one whale (major investors) transferred 29.5 million XRP worth over $64 million to Coinbase, indicating a potential return of buying momentum. The Whale Alert platform, specialized in tracking blockchain transactions, confirmed the validity of this operation, increasing enthusiasm surrounding Ripple's near-term future.
This optimistic outlook is based on data from Santiment indicating that whale wallets holding between 10-100 million XRP accumulated over 200 million of them within one week, as this pattern of accumulation—especially before the emergence of an anticipated market catalyst—often heralds strong upward movements.
What feeds the positive market mood is the anticipated announcement of the launch of the ProShares exchange-traded fund for Ripple (XRP ETF) on May 14, where data from the betting platform Polymarket indicates that the chances of approval for the mentioned fund are 80%, which increases institutional interest in this digital asset. It is worth noting that 23% of crypto investors in the United States own XRP, which supports its growing popularity.
Key Points:
A whale was observed transferring $64 million worth of XRP to Coinbase.
Whale wallets added more than 200 million XRP over the last 7 days.
The likelihood of approval for the XRP ETF has risen to 80% ahead of the decision date on May 14.
XRP price stabilizes above a significant support level and awaits an opportunity to soar.
يَجري تد$XRP
ا$BTC
Ripple currently has a price near $2.19 after a temporary drop to $2.15 last week, resulting in speculative trades on price rises worth nearly $14 million, which seems to be a temporary market fluctuation rather than a permanent decline. The price of the coin remains above the 20-day simple moving average (SMA-20) at $2.167, which represents the nearest support level currently.