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XRP Poised for $4.50 Surge After Bullish Breakout Confirmation

XRP Poised for $4.50 Surge After Bullish Breakout Confirmation

Author:
XRP News
Published:
2025-06-03 12:39:16
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[TRADE_PLUGIN]XRPUSDT,XRPUSDT[/TRADE_PLUGIN]

XRP is showing strong signs of a bullish reversal as it successfully retests the breakout zone of its falling wedge pattern, a classic technical indicator that often precedes significant upward movements. Analysts are now projecting a potential price target of $4.50, driven by renewed market confidence and increased accumulation by large investors, commonly referred to as ’whales.’ The cryptocurrency has already demonstrated its potential with a recent 5.6% surge following the breakout, accompanied by a substantial 135% increase in trading volume, which reached $10.7 billion. Technical indicators further support the optimistic outlook, with XRP currently trading at 2.21690000 USDT. This development marks a pivotal moment for XRP, as it regains momentum and positions itself for a possible major price appreciation in the near future.

XRP Price Targets $4.50 After Retesting Breakout Of Falling Wedge

XRP is regaining momentum after successfully retesting the breakout zone of its falling wedge pattern, a classic technical setup signaling bullish reversals. Analysts project a potential MOVE toward $4.50, fueled by renewed market confidence and rising whale accumulation.

The cryptocurrency recently surged 5.6% following the breakout, with trading volume jumping 135% to $10.7 billion. Technical indicators are bullish: XRP has cleared the 0.618 Fibonacci retracement level and resistance at $2.65, while RSI and MACD both show positive momentum.

Falling wedge dynamics suggest a clear path to $4.50, which WOULD mark a new swing high. On-chain data supports the technical outlook, with XRP futures open interest surging 31% and sustained accumulation by large holders.

XRP Price Prediction: Chart Shows Signs Of Weakness As Holders Continue Rotation To ‘XRP 2.0’

XRP’s recent price action has traders on edge, with technical charts signaling persistent weakness. The token struggles to hold above critical resistance levels, prompting investors to seek stronger opportunities elsewhere. Remittix, branded as ’XRP 2.0,’ is gaining traction for its real-world utility in crypto-to-fiat payments, drawing funds from disillusioned XRP holders.

Since peaking at $2.65 in May, XRP has trended downward, forming lower highs and intensifying bearish pressure. A brief rebound from $1.80 in April offered fleeting optimism, but momentum quickly dissipated. Analysts now eye $2.13 as a make-or-break support level—a breach could trigger either a sharp recovery or deeper declines.

Despite the gloomy technical outlook, on-chain data reveals a countervailing trend: XRP whales have accumulated over 880 million tokens this month, pushing large wallet counts past 300,000. This accumulation surge hints at underlying confidence among institutional players, even as retail sentiment wavers.

XRP Price Rallies After Dubai Approves Ripple’s RLUSD Stablecoin

XRP surged 2.2% to $2.20 following regulatory approval of Ripple’s RLUSD stablecoin by the Dubai Financial Services Authority. The token rebounded from a weekly decline of 5.1%, with trading volume jumping 11% to $1.87 billion.

RLUSD’s daily volume spiked 57.9% to $35 million after the DFSA greenlight, marking a significant milestone for Ripple’s Middle East expansion. The approval enables integration of the stablecoin into Dubai’s licensed payment infrastructure.

Despite the rally, XRP remains 35% below its all-time high. Market participants are watching whether this regulatory breakthrough can sustain momentum for the embattled token.

XRP Ledger Activity Slumps to October Lows Amid Broader Market Slowdown

The XRP Ledger, a blockchain optimized for fast and low-cost transactions, has seen its payment volume collapse to 320,747 daily transactions—the lowest level since October. This marks a steep decline from Q1’s average of over 1 million daily payments, as tracked by XRPScan.

Active addresses concurrently dipped below 10,000, while XRP burned as fees dwindled to 1,500 tokens. The slowdown coincides with diminished new account creation, which requires a 1 XRP deposit. These metrics contrast sharply with Q1’s 36% quarterly payment growth and 142% address expansion reported by Messari.

Despite the downturn, institutional adoption continues through Ripple’s partnerships. The company recently became the first crypto firm to operate a global payments network after acquiring Hidden Road in April.

XRP Ledger Sees Diverging Trends: Transaction Volume Dips While Institutional Interest Grows

The XRP Ledger (XRPL) exhibited contrasting trends in May 2025, with transaction volume declining even as institutional adoption gained momentum. Network data reveals 50.1 million transactions processed last month—down from April’s 54.8 million—while active wallets grew to 278,362 from 252,000.

Analysts note the wallet growth may reflect increasing automation rather than organic usage, as average user activity remained stagnant. Only 10% of active wallets interacted with decentralized applications, with most engaging with just one dApp. The ecosystem faces challenges in converting technical adoption into meaningful human engagement.

Market observers point to rising institutional interest as the silver lining, suggesting XRPL’s infrastructure is gaining enterprise traction despite retail usage plateaus. The ledger’s dual trajectory mirrors broader blockchain industry patterns where institutional adoption often precedes retail revival.

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