XRP Soars as 71% of Traders Flip Bullish Post-Court Win—$2.25 in Sight?

Ripple’s legal victory against the SEC sends XRP holders into a frenzy—nearly three-quarters of traders now betting on continued gains. After years of regulatory purgatory, the ’toxic asset’ label gets shredded in court.

Price action explodes past key resistance levels as derivatives markets signal extreme optimism. Retail FOMO meets institutional interest—but can this rally outlast the usual crypto hype cycle?

Wall Street analysts whisper about a potential $2.25 target... right before checking their own bags. Meanwhile, SEC lawyers reportedly seen crying into their subpoena folders.

A closed chapter for Ripple

After more than four years of courtroom sparring, the SEC has officially closed its lawsuit against Ripple, marking a significant win for the company.

In a one-minute video shared on X (formerly Twitter), Ripple’s CLO, Stuart Alderoty framed the SEC’s withdrawal as a reflection of flawed regulatory tactics, asserting that enforcement without clear rules is fundamentally unjust.

While the SEC’s quiet exit came in the form of a dropped appeal back in March 2025, many legal analysts interpret it as a silent admission of weakness, bolstering Ripple’s position and stirring fresh confidence among XRP supporters.

Sentiment tilts strongly bullish

Source: X

Market analyst Ali Martinez had recently reported that 71.54% of Binance futures traders seem to have bet long on XRP, signaling a sharp shift in market sentiment.

The Long/Short Ratio has risen to 2.51 – a growing imbalance between bullish and bearish positions as of the 3rd of May. This surge in long positioning suggests traders are anticipating a favorable outcome following the SEC’s exit.

Source: Glassnode

On-chain data reflects growing optimism, with whale accumulation reaching record levels. According to Glassnode, the number of XRP addresses holding 10,000 or more coins has surpassed 300,000, marking an all-time high.

Notably, this accumulation trend continued even during price consolidation, suggesting conviction-driven buying. Investors may be positioning themselves ahead of a potential breakout following litigation outcomes.

XRP’s price outlook

At press time, XRP traded at $2.18 with little volatility, reflecting a consolidation phase. The RSI had rested at 50.94, squarely neutral, indicating neither overbought nor oversold conditions.

Meanwhile, OBV has failed to register a significant uptick, suggesting that despite whale accumulation, broader market participation remains limited.

Source: TradingView

This divergence between bullish sentiment and muted volume could delay any immediate breakout.

For a rally to materialize, XRP needs stronger conviction in buying pressure and a decisive close above recent resistance levels NEAR $2.25. Until then, consolidation remains the dominant theme.