XRP is back in the spotlight, reclaiming traction on trending charts as investor interest spikes. The buzz around the token intensified after VivoPower committed $100 million into XRP, adopting it as part of its official treasury reserve, marking a major vote of confidence.
Simultaneously, in another XRP news, Ripple CEO Brad Garlinghouse refuted rumors of an acquisition of Circle, providing much-needed clarity. Ripple, now in its 8th year, continues to show purpose-driven leadership, having deployed $200 million toward social good initiatives. These developments have sparked renewed optimism in XRP’s market outlook.
The market cap for XRP now stands at $131.85 billion, reflecting a 2.19% rise in the past 24 hours. Trading volume has surged by over 6%, reaching $2.4 billion, indicating increased participation and heightened liquidity. The 24-hour price range between $2.19 and $2.28 shows a rebound from local lows, and technical traders are watching closely as XRP retests key moving averages.
On-chain data supports this optimism. Exchange inflows remain moderate, suggesting limited sell-side pressure. Additionally, wallets holding between 1M to 10M XRP have slightly increased holdings, indicating whale confidence at current levels.
XRP is currently priced at $2.24, up 2.35% over the past day. After dipping to $2.1279, the price has risen back above key support levels. The 9-day SMA is hovering around $2.22, which now acts as a dynamic support zone. If XRP builds momentum, it could revisit resistance near $2.3496. However, it is worth noting that with the RSI at 46.42, the trend remains neutral to slightly bearish in the short term.
That being said, if it fails to sustain above $2.20 could invite renewed selling pressure, potentially pulling the price back to the $2.1279 support. But any sideways trend above this mark could pave the way for a stronger bullish move by mid-June.
If you are a hodler, you need to read our Ripple (XRP) Price Prediction 2025, 2026-2030!
A: Currently, XRP shows a neutral to slightly bearish short-term trend, but holding above $2.22 may shift the trend to bullish.
A: The next major resistance stands at $2.3496. A breakout above this could open the path toward $2.50.
A: XRP is trending due to VivoPower’s $100M investment, denial of Ripple-Circle merger rumors, and renewed focus on Ripple’s long-term vision.
The recent success of utility tokens like Solana has demonstrated the sheer potential of blockchain…
The Pi Network community is buzzing with excitement after rumors surfaced on X that Pi…
Remittix is emerging as a major force in the crypto space, gaining traction as a…
South Korea is taking big steps to catch up with the changing crypto world. After…
Meme coins have emerged from internet jokes into legitimate financial opportunities. Shiba Inu (SHIB) has…
Pepe Coin's jaw-dropping 10,000% pop has reignited investor interest in meme coins and small-cap altcoins…
