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coinpedia 2025-05-06 07:23:55

Is XRP Price Gearing Up for a Major Rally?

The post Is XRP Price Gearing Up for a Major Rally? appeared first on Coinpedia Fintech News XRP is holding steady around $2.19 , showing resilience despite a minor 0.3% weekly dip. This stability might be the calm before a major price surge. On lower timeframes, XRP continues to form bullish price structures with higher highs and higher lows, keeping traders on alert. While a decisive breakout hasn’t occurred yet, several key signals suggest growing upside momentum. Technical Levels to Watch Crypto analyst Fabio Zuccara has identified a symmetrical triangle pattern on the XRP chart—often a precursor to sharp price moves. The token currently trades just above its 20-day Simple Moving Average (SMA) at $2.167 , while facing resistance at the 50-day Exponential Moving Average (EMA) near $2.208 . A breakout above the EMA resistance could push XRP toward $2.27 , $2.33 , and possibly beyond $2.50 . However, failure to break out might lead to a retest of support at $2.068 or even $1.993 . Whale Accumulation Suggests Confidence On-chain data indicates strong institutional interest. Over 200 million XRP were added last week to wallets holding between 10 million and 100 million tokens. A notable whale transaction involved 29.5 million XRP (worth over $64 million) moved to Coinbase . Sasha Varela , senior analyst at ChainWave Metrics , stated, “This volume is not retail-driven. It reflects informed buyers anticipating a significant price movement.” XRP ETF Speculation Fuels Market Optimism Speculation around a potential ProShares XRP spot ETF is intensifying. Analysts currently estimate an 80% probability of approval . Linda Moh , ETF strategist at WaveX Funds said : “ETF anticipation alone can drive FOMO-led rallies,” especially when combined with technical strength and whale accumulation. An ETF approval would mark a significant regulatory milestone for Ripple and the broader altcoin market. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : XRP News: Ripple Blamed for XRP Price Stagnation, but Legal Expert Calls It a Myth , Long-Term XRP Price Prediction Source: Dark Defender X Post Crypto analyst Dark Defender believes XRP is in the final phase of a fifth wave Elliott structure, expecting a move toward $3, followed by potential targets at $4.40 and $6.30, as long as XRP stays above $2.00. Immediate key support lies at $1.88.With bullish technical patterns, rising institutional interest, and ETF optimism aligning , all eyes are now on whether XRP can break above the $2.208 resistance. The next move could define XRP’s momentum for the weeks ahead. .article_register_shortcode { padding: 18px 24px; border-radius: 8px; display: flex; align-items: center; margin: 6px 0 22px; border: 1px solid #0052CC4D; background: linear-gradient(90deg, rgba(255, 255, 255, 0.1) 0%, rgba(0, 82, 204, 0.1) 100%); } .article_register_shortcode .media-body h5 { color: #000000; font-weight: 600; font-size: 20px; line-height: 22px; text-align:left; } .article_register_shortcode .media-body h5 span { color: #0052CC; } .article_register_shortcode .media-body p { font-weight: 400; font-size: 14px; line-height: 22px; color: #171717B2; margin-top: 4px; text-align:left; } .article_register_shortcode .media-body{ padding-right: 14px; } .article_register_shortcode .media-button a { float: right; } .article_register_shortcode .primary-button img{ vertical-align: middle; width: 20px; margin: 0; display: inline-block; } @media (min-width: 581px) and (max-width: 991px) { .article_register_shortcode .media-body p { margin-bottom: 0; } } @media (max-width: 580px) { .article_register_shortcode { display: block; padding: 20px; } .article_register_shortcode img { max-width: 50px; } .article_register_shortcode .media-body h5 { font-size: 16px; } .article_register_shortcode .media-body { margin-left: 0px; } .article_register_shortcode .media-body p { font-size: 13px; line-height: 20px; margin-top: 6px; margin-bottom: 14px; } .article_register_shortcode .media-button a { float: unset; } .article_register_shortcode .secondary-button { margin-bottom: 0; } } Never Miss a Beat in the Crypto World! 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ProShares has filed for XRP ETFs, but no approval has been granted yet. Analysts estimate an 80% chance of approval. Is XRP going to skyrocket? XRP shows bullish signs with whale buys, ETF buzz, and strong patterns, suggesting a potential major rally if key levels are broken

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