XRP Price Prediction: Key Breakout Signals Potential Rally Amid Market Optimism

XRP has recently broken through a critical Fibonacci resistance level, indicating potential upward momentum. This development coincides with broader market Optimism driven by crypto ETF advancements. Analysts have observed the formation of higher highs and higher lows—a classic bullish pattern—though the rally’s structure remains complex. Key support is now identified at the $2.11–$2.12 swing low from April 24, while the current diagonal wave pattern suggests continued gains. Below is a detailed analysis of XRP’s price trajectory and the factors influencing its potential rally.

XRP Price Prediction Today: When Will Ripple Rally?

XRP has broken through a critical Fibonacci resistance level, signaling potential upward momentum. The move aligns with broader market optimism fueled by crypto ETF developments. Analysts note the formation of higher highs and higher lows—a classic bullish pattern—though the rally’s structure remains complex.

Key support now lies at the $2.11–$2.12 swing low from April 24. While the current diagonal wave pattern suggests continued gains, it lacks the force of a full impulsive trend. Traders are watching for sustained breaks above immediate resistance levels to confirm the next leg up.

ProShares XRP ETF Launch Delayed, Contrary to Earlier Reports

Bloomberg ETF analyst James Seyffart has clarified that the ProShares XRP ETF will not launch on April 30, despite widespread misinformation circulating in crypto media. The confusion arose from an outdated SEC filing dated April 15, which resurfaced and was misinterpreted as a new approval. ProShares has not issued any official statement regarding the ETF’s launch timeline.

Seyffart notes that while the SEC has approved the ETF, its debut has been postponed to the short-to-medium term. Meanwhile, Brazil has surged ahead in the regulatory race, greenlighting the first XRP ETF—a move that underscores the global divergence in crypto asset adoption.

8.3 Million XRP Withdrawn from Upbit Amid Price Surge

XRP has demonstrated notable strength in recent trading sessions, posting a 9.96% weekly gain before settling at $2.35 during intraday highs. The rally coincided with a substantial whale transaction involving 8.3 million tokens exiting South Korea’s Upbit exchange.

Blockchain tracker XRPScan identified the movement between anonymous wallets, fueling speculation about accumulation patterns. Such outsized transfers often precede volatility, though the destination remains undisclosed. Market participants are monitoring whether this signals institutional positioning or profit-taking after XRP’s 2024 resurgence.

Two Key Dates for XRP: May 1st and June 9th, Here’s Why

BlackRock’s silence on an XRP exchange-traded fund (ETF) stands in stark contrast to the flurry of activity from other financial firms. Grayscale, Bitwise, and Canary Capital have collectively filed 15 ETF applications, yet the asset management giant remains conspicuously absent from the race.

Industry sources suggest strategic timing may explain BlackRock’s hesitation. Two dates—May 1 and June 9—have emerged as potential catalysts, though the specifics remain shrouded in speculation. Market participants interpret the deliberate pause as a leverage play rather than disinterest in the digital asset.