XRP Poised for Major Breakout Amid Surging On-Chain Activity
XRP is showing strong bullish signals as on-chain activity experiences a dramatic spike, with over 838 million tokens traded in just 24 hours. This surge in volume often precedes significant price movements, and XRP is currently testing key technical levels while maintaining crucial support. Network metrics indicate growing investor interest, with transaction volume reaching historic thresholds. Despite challenges in holding above the 100-day EMA, XRP’s potential for a breakout remains high.
XRP Price Eyes Breakout as On-Chain Activity Surges
XRP is flashing bullish signals as on-chain activity spikes dramatically. Over 838 million tokens changed hands in 24 hours—a volume surge often preceding significant price movements. The digital asset now tests key technical levels while maintaining crucial support.
Network metrics reveal growing investor interest, with transaction volume hitting historic thresholds. Despite struggling to hold above the 100-day EMA, XRP’s ability to defend the $2.15 support level suggests underlying demand remains strong. market watchers interpret the activity surge as accumulation before a potential upward revaluation.
XRP Breaks $2.26 Amid Whale Pressure, Derivatives Activity Signals Strength
Ripple’s XRP surged past a critical resistance level at $2.26, trading at $2.32 with a 6.73% daily gain. The breakout follows a confirmed inverse head-and-shoulders pattern—a bullish technical formation—supported by robust derivatives activity, a declining NVT ratio, and heightened social engagement.
A whale transaction of 29.5 million XRP ($68.7M) to Coinbase introduces near-term selling risks, but market structure remains intact. Buyers are aggressively defending key levels, with fundamentals suggesting potential for extended gains.
XRP Price Maintains Bullish Momentum Amid Consolidation
XRP continues its upward trajectory, breaking through the $2.25 resistance level with conviction. The digital asset now consolidates NEAR $2.30, establishing a new support base as traders anticipate further gains.
A connecting bullish trend line forms at $2.270 on the hourly XRP/USD chart, with Kraken data showing sustained trading above both this level and the 100-hour moving average. The token’s recent peak at $2.359 suggests strong buying pressure, though a brief retracement below $2.30 tested investor resolve.
Market observers note XRP’s parallel movement with Bitcoin and Ethereum, indicating broader crypto market alignment. The $2.2450 level now serves as critical support—a breach below this threshold could signal temporary weakness, while holding above maintains the bullish case for higher price exploration.
Brazil Launches 1st Ever Spot XRP ETF — Is A US Approval Coming?
Brazil has made history as the first country to approve a spot XRP ETF, marking a significant milestone for cryptocurrency adoption. The Hashdex Nasdaq XRP Fund, trading under the ticker XRPH11, began trading on Brazil’s B3 stock exchange on April 25. The ETF tracks XRP’s price using the Nasdaq XRP Reference Price Index and allocates at least 95% of its assets to direct XRP exposure through futures contracts and other securities.
Brazil’s securities regulator, the CVM, greenlit the fund in February, positioning Latin America’s largest economy at the forefront of crypto financial products. The launch intensifies speculation about potential ETF approvals in major markets like the US, where regulatory hurdles remain. Hashdex’s move demonstrates growing institutional confidence in XRP despite its ongoing legal challenges with US regulators.
SEC Approves XRP Futures ETFs, Fueling Institutional Adoption
The Securities and Exchange Commission has cleared the path for XRP futures ETFs, marking a pivotal moment for Ripple’s cryptocurrency. ProShares will launch three such products on April 30, 2025, signaling growing institutional acceptance.
Brazil’s B3 exchange further accelerated XRP’s mainstream integration by listing the first spot ETF for the asset on April 25, 2025. These developments follow years of regulatory uncertainty surrounding Ripple’s security classification.
Market observers now speculate whether XRP could test the $2.50 resistance level as institutional capital enters the ecosystem. The approvals represent a watershed moment for cryptocurrency adoption, with Wall Street finally engaging with digital assets beyond Bitcoin and Ethereum.
XRP Faces Price and Volume Decline Amid Market Shifts
Ripple’s XRP dipped 1.06% to $2.29, with trading volume plummeting 15.97% to $3.69 billion. The simultaneous retreat signals potential waning interest as macroeconomic headwinds buffet crypto markets.
Despite the daily setback, XRP retains a 9.91% weekly gain, maintaining a $133.6 billion market cap. The token’s performance contrasts with Virtuals Protocol and Solayer’s rallies, while Monero joins the session’s laggards.
