XRP Price Correction Hints at Potential Bullish Reversal Amid Strong Holder Sentiment

Despite a recent 7% pullback from its weekly high of $2.575 to $2.385, XRP demonstrates underlying strength as Binance reserves remain unchanged at 2.89 billion tokens. This divergence between price action and exchange reserves suggests long-term holders are maintaining positions, potentially setting the stage for a bullish pattern formation.

XRP Price Dips Despite Stable Binance Reserves, Bullish Pattern May Emerge

Ripple-linked XRP has retreated to $2.385 after briefly touching $2.575 earlier this week, marking a 7% pullback. The dip comes despite Binance’s XRP reserves holding steady at 2.89 billion tokens—a divergence that suggests long-term holder conviction remains intact.

Exchange data reveals a telling pattern: while prices consolidated after a four-day rally, exchange inventories showed no meaningful outflow. Such stability during price declines often precedes accumulation phases, contrasting sharply with panic sell-offs that typically drain exchange wallets.

XRP Futures Launch Amid Bearish Short-Term Outlook, Long-Term Potential Remains High

XRP’s price faces a downward trajectory as CME prepares to launch futures contracts on May 19. Current trading at $2.56, analysts project a 22.23% decline to $1.89 by month-end. The short-term bearish sentiment contrasts sharply with institutional interest and growing market volatility.

Market observers see substantial upside potential beyond 2025. Analyst DK64Trades suggests XRP could breach $10, potentially reaching a $1.04 trillion market cap if historical dominance levels return. Capt Toblerone’s more aggressive projection places XRP at $22 with a $1.25 trillion valuation, contingent on a $35 trillion total crypto market.

XRP Legal Battle Intensifies as Judge Rejects Settlement Motion

Ripple’s protracted legal showdown with the U.S. SEC has taken another twist. Judge Analisa Torres rejected a proposed $50 million settlement on procedural grounds, forcing both parties to refile under the correct court rule. The XRP community watches nervously as the cryptocurrency struggles to regain momentum after failing to sustain its late-2023 surge past $2.

Market participants remain divided. Bulls point to XRP’s resilience NEAR the $0.50 support level throughout 2024 as accumulation territory. Bears highlight the mounting legal uncertainties. ’Judgment day is coming’ has become a rallying cry among XRP loyalists, though the timeline remains fluid with additional filings now required.

XRP Price Completes Wave A Correction, Eyes Next Phase at $2.36

XRP’s price has consolidated between $2.3 and $2.6 following a market-wide pullback, with the dip to $2.36 marking the completion of Wave A in its corrective pattern. Crypto analyst Dark Defender notes this phase sets the stage for Wave B and C movements.

The altcoin’s retreat was anticipated after its rapid ascent, with technical indicators now suggesting a potential trend reversal. Market participants are watching for confirmation of the next impulse wave as XRP stabilizes at key support levels.

XRP News Today: Ripple and SEC Case Ruling Shakes Market Outlook

XRP faced a 4% price drop amid ongoing legal uncertainty between Ripple and the SEC. The altcoin slid from $2.40 to $2.32 before recovering marginally to $2.36, reflecting market sensitivity to regulatory developments.

Traders are reassessing positions as the prolonged litigation continues to cast shadows over XRP’s valuation. CoinMarketCap data shows the cryptocurrency remains volatile, with its performance increasingly tied to courtroom outcomes rather than broader market trends.

XRP Gains Momentum at $2.38 as Legal Developments Influence Market Sentiment

XRP is trading at $2.34, showing bullish momentum as traders eye key resistance levels. The legal battle between Ripple Labs and the SEC has entered a temporary pause, with on-chain fundamentals remaining strong.

Attorney Bill Morgan revealed a procedural hiccup in the settlement process. Both parties signed the agreement—Ripple on April 23 and the SEC on May 8—but the court denied the joint motion due to a technical oversight regarding Rule 60. The denial was procedural, not a reflection on the settlement’s merits.