The post Why XRP Price Is Up Today? appeared first on Coinpedia Fintech News
XRP price today is now trading at $2.17, showing fresh upward momentum. The key reason behind this price rise is a major shift in whale behavior. According to data from CryptoQuant, XRP’s 90-day moving average of whale flows turned positive in early May.
This is significant because the last time this metric turned green, XRP soared 420% in just one month. After months of outflows between January and April, the renewed inflows suggest that whales are showing interest again, possibly preparing for a major breakout in the coming months. CTO David Schwartz also confirmed more acquisitions are coming, raising investor confidence.
Ripple (XRP) Whales Signal Growing Confidence
Futures trader Dom noted that wallets holding more than 1 million XRP have reached a record high of 2,850. Meanwhile, wallets holding over 10,000 XRP have increased by 6.2% since the start of the year, totaling 306,000. This rise in large and mid-sized wallet holders highlights growing long-term investor confidence in XRP, even though the price has remained relatively stable for some time.
Is XRP Going To Go Up ?
Yes, XRP is showing strong signs of resilience and potential for a breakout. Despite a notable drop in trading volume on Binance—hitting its lowest since August 2020—XRP has consistently closed above the $2 mark every month since December 2024. This sustained price level suggests solid underlying strength.
Adding to the bullish outlook, whale flows have turned positive for the first time in months, indicating renewed interest from large holders who often lead major price moves. On the institutional side, CME XRP futures have recorded a massive $542.8 million in volume in just one month, signaling strong demand from both professional and retail investors.
While volume metrics show caution, the price action and rising institutional involvement suggest XRP could be setting up for a bigger rally soon.
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XRP SEC Lawsuit Finally Enters Conclusion
The sentiment turned positive also because, finally, after a decade, Ripple will drop its cross-appeal, and the SEC is expected to do the same. CEO Brad Garlinghouse says the Ripple vs SEC case is finally closing. The market reacted positively, with XRP jumping 3%, as traders viewed the resolution as removing a major cloud over XRP’s future.
Meanwhile, Polymarket gives a 76% chance of an XRP spot ETF approval by year-end, giving XRP a positive hope to XRP investors. Analysts like XForceGlobal see the recent dip to $1.90 as a healthy setup for the next leg up. If XRP breaks above $2.65, it could open the door to a bigger rally. With Ripple’s ongoing expansion and growing futures demand, sentiment is shifting in XRP’s favor.
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FAQs
XRP could reach up to $5.81 in 2025, supported by institutional demand and Ripple’s growing global adoption.
By 2030, XRP is forecasted to trade between $17.00 and $26.50, depending on market trends and adoption rates.
XRP could trade between $97.50 and $179.00 in 2040 if utility grows and crypto becomes widely accepted globally.
