XRP Price Ready for Comeback: Analysts See Bull Movement and Strong Potential for Upward Trend
XRP Reignites Bullish Momentum Amid Whale Activity and ETF Optimism
XRP is back in the spotlight as a major whale transferred 29.5 million XRP—worth over $64 million—to Coinbase, sparking speculation of renewed bullish momentum. The transaction was confirmed by on-chain tracker Whale Alert, further fueling excitement around Ripple's short-term prospects.
Adding to this optimism, analytics platform Santiment reports that whale wallets holding between 10 million and 100 million XRP have collectively accumulated over 200 million tokens within the past week. Such heavy accumulation often precedes significant price rallies, especially in anticipation of major market events.
One such event on the horizon is the potential approval of the ProShares XRP ETF, scheduled for a decision on May 14. According to Polymarket, the odds of approval currently stand at 80%, indicating strong confidence and rising institutional interest. In another positive indicator, 23% of U.S. crypto investors now hold XRP, underscoring its growing appeal.
Key Highlights:
$64M XRP whale transfer to Coinbase detected
200M+ XRP accumulated by large holders over 7 days
80% approval odds for ProShares XRP ETF ahead of May 14
23% of U.S. crypto investors now hold XRP
XRP Price Outlook:
XRP is currently trading around $2.19, after briefly dipping to $2.15 earlier in the week—a move that triggered nearly $14 million in long liquidations. However, the price rebound suggests this was likely a short-term shakeout rather than a fundamental shift.
Importantly, XRP continues to hold above its 20-day Simple Moving Average (SMA) at $2.167, which now serves as a critical support level. A sustained hold above this level could pave the way for a potential breakout in the days ahead. #xrp #pepe #BTC
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Certainly! Here's an updated post on XRP for Binance, incorporating the latest news and developments:
🚀 XRP : Breaking News & Market Momentum 🚀
XRP has been making headlines recently, with significant developments impacting its price and market sentiment. Here's the latest:
📈 XRP Price Surge
XRP has experienced a substantial 29.8% increase, trading at $2.2286, with a 24-hour volume of 141.44 million XRP. This surge is attributed to Ripple's $4–5 billion acquisition bid for Circle, fueling investor optimism.
🏦 Ripple's Strategic Moves
Ripple has locked up 170 million XRP, valued at approximately $376 million, as part of its escrow strategy to manage supply and maintain market stability.
🗓️ SEC Spot XRP ETF Decision Delayed
The U.S. SEC has postponed its decision on the Spot XRP ETF until June 17, 2025, keeping investors on edge regarding potential regulatory developments.
🌍 Ripple's Global Expansion
Ripple is launching XRP Rewards for loyal supporters, aiming to enhance community engagement and expand its global presence.
Stay Informed and Trade Smart
For real-time updates and to trade XRP, visit Binance XRP. Always conduct thorough research and consider market conditions before making investment decisions.
BREAKING: Major Turn in the Ripple vs. SEC Showdown! The SEC has just fired back, firmly opposing Ripple’s urgent push to introduce new evidence in the case. Now, all eyes are on Judge Torres as tensions escalate in this high-stakes legal battle.
The urgency from both sides suggests something big is brewing behind the scenes. Will Ripple gain the upper hand, or will the SEC strengthen its position?
Stay tuned for the latest on XRP and this rapidly evolving case! #SECGuidance