XRP Whales Signal Bullish Momentum Amid ETF and Legal Speculation
As of May 9, 2025, XRP is witnessing significant accumulation by large holders, with over 300,000 wallets now holding at least 10,000 XRP. This aggressive whale activity reflects growing confidence in the altcoin’s future, driven by speculation around a potential XRP ETF approval and the resolution of Ripple’s SEC lawsuit. Analyst Kyle highlights this trend as strategic positioning ahead of key ecosystem catalysts, suggesting a bullish outlook for XRP.
XRP Whales Accumulate as Confidence in Altcoin Grows
Over 300,000 wallets now hold at least 10,000 XRP, signaling aggressive accumulation by crypto whales. Analyst Kyle notes this trend reflects growing confidence among large holders, with strategic positioning ahead of potential ecosystem catalysts.
The surge in whale activity coincides with speculation about two key developments: a possible XRP ETF approval and the resolution of Ripple’s long-running SEC lawsuit. Market participants assign a 90% probability to SEC approval of an XRP ETF this year, which could trigger significant price momentum.
Apple Loses Key Legal Battle, Paving Way for Crypto Payments in Apps
A federal court has ordered Apple to cease blocking developers from directing users to alternative payment systems, including cryptocurrency options. The landmark ruling stems from Epic Games’ antitrust lawsuit and immediately removes barriers for in-app crypto transactions.
XRP emerges as a primary beneficiary of this decision, with the ruling effectively legalizing external crypto payment links in iOS applications. Mobile blockchain adoption stands to accelerate significantly as developers gain freedom to integrate digital asset payments without Apple’s interference.
The judgment marks a watershed moment for crypto’s mainstream integration, particularly for payment-focused tokens. Market observers anticipate rapid implementation across gaming and subscription platforms, potentially driving new utility for several altcoins.
XRP Price Maintains Bullish Trajectory Amid Market Volatility
XRP’s price action continues to defy market turbulence, holding critical support levels as analysts project a potential rally toward $5. The cryptocurrency’s resilience mirrors broader institutional confidence in digital assets, particularly those with established use cases like cross-border payments.
Technical analyst XForceGlobal identifies a compelling Elliott Wave pattern suggesting XRP is completing a corrective phase before entering a powerful third-wave advance. "The 1-2 scenario formation typically precedes the most dynamic phase of a bull market," the analyst noted, referencing historical patterns where similar structures preceded parabolic moves.
XRP Tests Critical 200-Day EMA Support Amid Bearish Pressure
XRP has retreated to its 200-day exponential moving average at $1.98, a crucial technical level that traditionally separates bullish and bearish market phases. The asset’s failure to sustain momentum above short-term indicators suggests weakening demand, with rising bearish volume and an RSI reading of 42 pointing to growing downside risk.
The $2.00 psychological level looms as a key battleground. Maintaining the 200-EMA support could preserve XRP’s longer-term uptrend structure, but a decisive break below WOULD signal potential trend reversal. Market participants await confirmation of either a bearish breakdown or bullish reversal at this pivotal technical juncture.
XRP Faces Potential Drop to $1.7757 Amid Bearish Technical Pattern
XRP’s price has declined toward $2 in the past 24 hours, risking a breakdown after days of gradual losses. The cryptocurrency, which surged in late April, now shows weakening buyer momentum as it forms a concerning technical pattern on the 4-hour chart.
A TradingView analyst, KlejdiCuni, highlights a head and shoulders formation—a bearish signal following an uptrend. If confirmed, this pattern could trigger a drop to $1.7757, marking a sharp reversal from recent gains.
Critical Warning for Ripple’s (XRP) Price After 30% Monthly Surge
Ripple’s XRP has surged 30% over the past month, rebounding from a market-wide downturn triggered by geopolitical tensions. The token now trades above $2.10, recovering from its $1.60 low during the sell-off. However, technical indicators suggest potential near-term headwinds.
The TD Sequential indicator on XRP’s 3-day chart flashes a sell signal, hinting at possible consolidation or correction. Price action remains constrained between key support and resistance levels, reflecting market uncertainty despite improved macroeconomic conditions.
Geopolitical developments continue influencing cryptocurrency valuations. Reports of upcoming US-China trade talks have buoyed digital assets broadly, though technical patterns now caution against unchecked Optimism for XRP’s rally.
