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Sohrab Khawas
Sohrab Khawas
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Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- May 06, 2025 07:23 UTC
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Is XRP Price Gearing Up for a Major Rally?
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XRP $ 2.28 (-2.47%) 
XRP eyes breakout above $2.208 resistance as bullish patterns and whale accumulation hint at a potential major price surge.
ETF speculation and Elliott Wave analysis fuel optimism, with long-term price targets set at $3, $4.40, and $6.30.
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.
Long-Term XRP Price Prediction
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.
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FAQs
ProShares has filed for XRP ETFs, but no approval has been granted yet. Analysts estimate an 80% chance of approval.
XRP shows bullish signs with whale buys, ETF buzz, and strong patterns, suggesting a potential major rally if key levels are broken
Yes 
No 
