Is the XRP rise around the corner?

Despite experiencing a drop of about 8 percent in the last week, Ripple's native token XRP has managed to remain stable at around 2.09 dollars.

XRP's ability to maintain its position within this price range has allowed investors to look to the future with hope. Especially the rising lows and highs formed in lower time frames technically signal an upward momentum. So, is XRP preparing for a major rally?

Technical formations and resistance points

Crypto analyst Fabio Zuccara indicates that he has detected a symmetrical triangle formation in the technical outlook of XRP. These formations are generally considered harbingers of strong price movements. XRP is currently trading just above $2.167, which is the 20-day Simple Moving Average (SMA), while it faces resistance at $2.208, which is the 50-day Exponential Moving Average (EMA).

If this resistance level is broken, it is thought that the price of XRP could rise first to $2.27 and $2.33, and then potentially above the $2.50 level. However, if this breakout fails, the price could retrace to the support levels of $2.068 or $1.993.

Is XRP Price Gearing Up for a Major Rally? 🚨

XRP, the cryptocurrency associated with Ripple Labs, is currently under close watch by traders and investors as several bullish indicators begin to align. As of May 5, 2025, XRP is trading around $2.19 and maintaining strength above… pic.twitter.com/whJPgjslJt

— Fabio Zuccara (@ZuccaraFabio) May 5, 2025

Whale movements have increased

On-chain data reveals that large investors' interest in XRP has increased again. In particular, over the last week, more than 200 million XRP was added to whale wallets holding between 10 million and 100 million XRP. One of the most notable transactions was the transfer of 29.5 million XRP for approximately 64 million dollars to Coinbase.

ChainWave Metrics analyst Sasha Varela emphasized that these purchases came not from retail investors, but from “institutional investors with knowledge who anticipated significant price movements in advance.”

ETF optimism has revitalized the market

On the other hand, another factor triggering the upward movement of the XRP price is the developments regarding exchange-traded funds that will allow institutional investors to purchase XRP without any cryptocurrency exchange (ETF). In fact, it is known that many major companies currently issuing spot Bitcoin ETFs are knocking on the door of the (SEC) for XRP.

New developments regarding the launch of XRP as an ETF have emerged. According to the application made to the SEC by the ETF issuer company ProShares, leveraged products of XRP up to 2x will meet with investors in the traditional market. Among the new products given the green light by the SEC are Ultra XRP ETF, Short XRP ETF, and Ultra Short XRP ETF. Analysts' expectation for approval is 80%.

WaveX Funds ETF strategist Linda Moh stated, “Even the mere rumor of an ETF can trigger strong price increases driven by FOMO,” adding that the combination of these expectations with technical indicators and institutional purchases could initiate a new rally.

XRP price prediction

Crypto analyst Dark Defender believes that XRP is in the final stage of the fifth wave Elliott structure and predicts that as long as XRP stays above 2 dollars, it will move towards 3 dollars, followed by reaching 4.40 and 6.30 dollars.

Hi all. I hope you are fine! I couldn't update you for a while, and I appreciate your patience.

🟠I shared some notes, and as expected, #XRP found resistance at $2.222 and $2.36. This played out, and we touched $2.13 yesterday.

🟡XRP is getting ready to finish the correction… pic.twitter.com/MG4FAYzZ09

— Dark Defender (@DefendDark) May 5, 2025

This article does not contain investment advice or recommendations. Every investment and trading move carries risks, and readers should conduct their own research when making decisions.