XRP’s Resurgence: Traders Flock as Market Cap Surpasses $150 Billion
XRP has recently witnessed a significant surge in trader activity, particularly in derivatives trading on Binance, indicating potential accumulation as the market absorbs selling pressure. According to CryptoQuant contributor BoriVest, speculative interest in XRP is on the rise, with the token’s value increasing by 21% over the past week. This rally has propelled XRP’s market cap beyond the $150 billion mark, showcasing renewed confidence among investors. As of May 17, 2025, XRP is trading at $2.39920000 USDT, reflecting a 3.08% gain in the last 24 hours. Despite a minor pullback from Monday’s highs, which resulted in $35 million in liquidations, the overall trend remains bullish. This resurgence highlights XRP’s growing prominence in the cryptocurrency market and its potential for further gains as trader interest continues to build.
XRP Sees Renewed Trader Activity Amid Market Rally
XRP derivatives trading on Binance has shown signs of renewed activity, suggesting potential accumulation as the market absorbs selling pressure. CryptoQuant contributor BoriVest notes increasing speculative interest in the asset, which has surged 21% in a week to surpass a $150 billion market cap.
The token traded at $2.58 Wednesday, up 3.08% in 24 hours. This follows a pullback from Monday’s highs that triggered $35 million in liquidations, predominantly long positions at $22.82 million, according to Coinglass data.
XRP Breaks Key Resistance as Analyst Predicts Rally to $3.57
XRP has surged past a critical technical threshold, with veteran analyst Michael_EWpro noting a textbook reversal pattern on its daily chart. The token’s 21% gain over seven sessions propelled it beyond a six-month neckline at $2.40, simultaneously clearing multiple moving averages and the Ichimoku cloud.
The breakout comes amid waning attention on crypto markets, with the analyst wryly observing traders were distracted by COIN’s inclusion in major indices while XRP staged its advance. Technical indicators now suggest potential for a extended rally toward the $3.57 target.
XRP Faces Potential Crash as Exit Liquidity Pattern Emerges
XRP’s resilience amid broader market retracement may be short-lived, with technical analysis pointing to an impending downturn. A recurring exit liquidity pattern—historically signaling tops for the altcoin—has formed, mirroring conditions before its 2021 crash. Analyst Oky_Bren notes this phase often precedes severe corrections, potentially dragging XRP back to early-2024 levels.
The pattern’s recurrence raises red flags for traders. Previous instances saw XRP’s rallies abruptly reverse, with liquidity exits triggering cascading sell-offs. Market participants now weigh whether current support levels can withstand another test of bearish momentum.
XRP Faces Key Resistance at $2.69 Amid Rally Toward $3
XRP’s upward momentum has hit a critical juncture, with the cryptocurrency encountering stiff resistance near the $2.69 level. After a steady climb throughout May, the digital asset briefly touched $2.63 on May 12 before retreating to $2.57, signaling potential consolidation ahead.
Technical analysts highlight $2.69 as the make-or-break level for XRP’s next move. A decisive breakout could pave the way for a test of $3, while rejection may trigger a pullback. The market watches closely as this price point emerges as the battleground between bulls and bears.
Stablecoins Take Center Stage as Infrastructure Race Heats Up
Once relegated to the background as utilitarian tools for crypto traders, stablecoins now dominate conversations across digital asset markets. Daily transaction volumes measured in billions and intensifying regulatory scrutiny have propelled these dollar-pegged tokens into the spotlight.
Ripple’s announcement of a forthcoming USD-backed stablecoin underscores the sector’s strategic shift. The MOVE signals broader industry recognition that stablecoins are evolving beyond remittance corridors and exchange settlements - they’re becoming foundational infrastructure for tomorrow’s financial systems.
Ripple Post-Consolidation Surge: What Are XRP’s Next Price Targets? (Analysis)
Ripple’s XRP has emerged from a prolonged consolidation phase, demonstrating renewed bullish momentum against both USDT and BTC. The breakout above multi-week trendlines and resistance levels positions the token favorably, though confirmation is required to declare a sustained uptrend.
On the USDT pair, XRP has decisively cleared a falling wedge pattern that constrained price action for months. The $2.50 resistance zone now serves as support after a strong upward move. Current trading above key moving averages ($2.20 for both 100-day and 200-day) suggests underlying strength, though the RSI NEAR 70 indicates potential overbought conditions.
Market participants are watching whether XRP can maintain its footing above $2.50. A successful hold at this level could pave the way for further gains, while failure may trigger profit-taking from short-term traders.
