Why Is XRP Going Up? XRP Price Today Tests Monthly Highs on ETF News, With Projections of 55% Rally

by

XRP, the
native cryptocurrency of the Ripple network, is capturing market attention as
its price surges, hitting a monthly high of $2.36 today (Monday), April 28,
2025. With a 5% daily gain and a 46% increase over the past three weeks, XRP is
riding a wave of bullish momentum.

What’s
behind this rally? From the approval of XRP futures ETFs to whale accumulation
and technical breakouts, multiple factors are driving XRP’s price upward. This
article dives into the key reasons for XRP’s rise, blending recent market
developments, expert insights, XRP price prediction for 2025 and technical
analysis.

During
today’s trading session, XRP tested the $2.36 level. It is currently trading at
$2.31, up 2.7%, still near its monthly highs. The support zone around
$1.80—February and April lows—provided a strong rebound, and the return above
the 50-day EMA suggests XRP has significant room for further gains.

How Much Is XRP Worth Today? Source: CoinMarketCap

Paul Howard, Wincent

“The
Ripple ecosystem seems to go from strength to strength notably with the
acquisition of Hidden Road against the backdrop of US centric coins. As we have
stated several times this year, the growth of XRP reflects this and I expect
this continues especially as payments and settlements become a more important
use case for cryptocurrencies,” Paul Howard, the Senior Director at Wincent, commented.

According
to CoinMarketCap, XRP’s market capitalization has increased by 6% to $135
billion, with daily trading volume surging 170% to over $5.3 billion. Why is
XRP experiencing such dynamic market activity?

Why Is XRP Going Up Today?
Key Drivers of XRP’s Price Surge

Several
fundamental and technical factors are fueling XRP’s recent gains. Here’s
a breakdown of the primary catalysts:

XRP Futures ETFs Ignite
Market Optimism

The
anticipation of ProShares’ XRP futures ETFs has been a major driver of XRP’s
price increase. These ETFs, approved by the SEC, will track XRP-based futures
and launch on April 30, 2025. This follows the success of Teucrium’s 2x XRP
ETF, which saw over $5 million in trading volume on its debut earlier this
month. The CME Group’s addition of XRP futures to its U.S. derivatives
exchange
, starting next month alongside Bitcoin, Ethereum, and Solana, further
signals growing institutional interest.

However,
market analyst John Squire, tempers expectations, stating, “The real catalyst
will come when a Spot XRP ETF gets approved.” Spot XRP ETF applications,
including Grayscale’s with a critical May 22, 2025, deadline, are still under
SEC review.]

“The ETF
announcements for XRP are widely accepted as a way for Institutional and retail
to get exposure. Wincent’s role as a liquidity provider through our OTC trading
and market making means we are able to provide spot at very competitive rates
to those XRP ETF institutions that can in turn pass on the low cost of access
to the early ETF adopters. I expect we will see spot demand for XRP once these
additional ETFs launch and help to bring more balance to BTC heavy portfolios
given the differing use case of the two assets,” Howard added.

The
resolution of Ripple’s legal battle with the SEC in March 2025, which ended
with a reduced $50 million fine, has cleared regulatory hurdles, paving the way
for these ETF developments.

Table: Upcoming XRP
Futures ETFs by ProShares

ETF Name

Leverage

Description

ProShares Ultra XRP ETF

2x

Tracks 2x
daily performance of XRP futures

ProShares Short XRP ETF

-1x

Inverse
exposure to XRP futures for shorting

ProShares
Ultra Short XRP ETF

-2x

Tracks
-2x daily performance of XRP futures

You may also like: XRP in the Spotlight: Brazil Greenlights Spot ETF, US Next?

Whale Accumulation Signals
Strong Confidence

XRP’s price
is also supported by significant whale activity. According to Glassnode data
cited by Cointelegraph, the number of XRP addresses holding at least 10,000
tokens has risen steadily, even during a 30% correction from January’s high of
$3.40.

Source: Glassnode

Santiment
data reinforces this trend, showing that addresses holding 10 million to 100
million XRP have increased since April 1, 2025, with accounts holding over 1
billion XRP now controlling 39.4% of the total supply, up from 37.7% in late
March.

This accumulation suggests:

  • Reduced Selling Pressure: Whales are holding rather
    than selling, stabilizing the market.
  • Long-Term Optimism: Large investors view XRP’s
    current price as an attractive entry point.
  • Market Resilience: Even during pullbacks, whale
    buying provides a strong price floor.

Declining
XRP balances on exchanges further indicate that selling pressure is limited,
creating a solid foundation for continued price growth.

XRP Price Technical Analysis:
Bullish Momentum

From a
technical perspective, XRP’s chart is showing strong bullish signals. According
to my technical analysis, we see a falling wedge breakout, with XRP moving
above the pattern’s upper trendline on rising trading volumes. The price
holding above the 50-day exponential moving average (EMA) supports a potential
target of $3.63, a 55% gain from current levels.

XRP technical analysis. Source: Tradingview.com

XRP Technical Indicators Snapshot

  • Current Price: $2.36 (as of April 28, 2025)
  • Key
    Support
    : $1.90, $1.55
  • Key Resistance: $3.63 (falling wedge target)
  • 50-Day EMA: Acting as dynamic support
  • RSI: Neutral, indicating room for further
    upside

Others also liked: How High Can XRP Go? Experts Predict 500% XRP Price Jump by 2028

Ripple’s Regulatory
Clarity and Strategic Moves

The
conclusion of Ripple’s SEC lawsuit in March 2025, with a reduced $50 million
fine, has been a pivotal moment for XRP. Ripple CEO Brad Garlinghouse described
it as a “resounding victory” in an X post, signaling a new era for the company.
This regulatory clarity has boosted investor confidence and facilitated ETF
approvals.

Ripple’s
strategic initiatives are also enhancing XRP’s appeal:

  • Partnership Rumors: X posts mention potential
    collaborations, such as SWIFT integrating XRP for cross-border payments or
    the Federal Reserve exploring Ripple’s network for U.S. banks.
  • Hidden Road Acquisition: Ripple’s acquisition of
    Hidden Road
    , a prime broker handling $3 trillion annually, and plans to migrate
    post-trade operations to the XRP Ledger, underscore its growing role in
    global finance.

XRP Price Predictions from
Experts and Analysts

Analysts
and influencers are optimistic about XRP’s future, driven by ETF developments,
regulatory clarity, and technical strength. Below are notable predictions from
credible sources, excluding automated forecast platforms:

  • John Squire, Market Analyst: Squire projects XRP could
    reach $3.63 in the near term, driven by the falling wedge breakout and
    potential spot ETF approval.
  • EGRAG, Crypto Analyst: In an X post, EGRAG forecasts
    XRP hitting $27 by 2026, citing a 600–1,000% rally post-ETF approval,
    similar to Bitcoin’s ETF-driven surge.
  • Sistine Research: This investment community
    predicts XRP could reach $33–$50 by 2030, with a cup-and-handle pattern
    potentially pushing it to $77–$100.
  • Armando Pantoja, Community
    Pundit
    :
    Pantoja argues XRP should already be above $100, given its potential in
    cross-border payments.
  • Duefe, Market Analyst: Duefe suggests holding 1,000
    XRP until 2029, predicting $500 per token post the 2028 Bitcoin halving.

Table: XRP Price Predictions (2025–2030)

Source

Predicted Price

Timeframe

Key Driver

John Squire

$3.63

2025

Falling
wedge breakout, spot ETF

EGRAG

$27

2026

ETF approval, market rally

Sistine Research

$33–$50

2030

Cup-and-handle
pattern, adoption

Armando Pantoja

$100+

Long-term

Cross-border payment adoption

Duefe

$500

2029

Bitcoin halving, institutional use

Moreover, Standard Chartered predicts XRP will hit $8.00 by 2026, continuing its rise into 2027 and 2028.

XRP News FAQ: Common
Questions About XRP’s Price Surge

Why is XRP increasing?

XRP’s price
is rising due to the SEC’s approval of ProShares’ XRP futures ETFs, set to
launch on April 30, 2025, whale accumulation, a technical falling wedge
breakout, and regulatory clarity following Ripple’s resolved SEC lawsuit.
Institutional interest, including CME Group’s XRP futures and Ripple’s
strategic partnerships, also contributes.

Will XRP reach $5?

Reaching $5
is plausible in the near term, especially if a spot XRP ETF is approved by May
2025. John Squire’s $3.63 target is within reach based on technical patterns,
and a push to $5 could follow with sustained bullish momentum. However, market
volatility and macroeconomic factors could impact this trajectory.

Is XRP going to skyrocket?

While
“skyrocket” implies exponential gains, XRP’s outlook is bullish due to ETF
developments, whale buying, and technical strength. Analysts like EGRAG predict
a $27 target by 2026, but such gains depend on spot ETF approvals, broader
adoption, and favorable market conditions. Investors should remain cautious of
volatility.

How high can XRP go
realistically?

Realistic
targets for 2025 range from $3.63 (John Squire) to $5–$10, driven by ETF
approvals and institutional adoption. Longer-term predictions, like Sistine
Research’s $33–$50 by 2030, are feasible if Ripple secures major partnerships
and XRP’s utility in cross-border payments grows. Extreme forecasts like $500
are speculative and less likely without unprecedented adoption.

What’s Next for XRP?

XRP’s rally
is driven by a potent mix of ETF approvals, whale accumulation, technical
breakouts, and Ripple’s regulatory and strategic advancements. The upcoming
launch of ProShares’ XRP futures ETFs on April 30, 2025, and the May 22
deadline for Grayscale’s spot XRP ETF application are critical milestones to
watch. Macro factors, such as U.S. Federal Reserve policies and global trade
dynamics, could also influence XRP’s path, as noted by FXEmpire.

With
short-term targets like $3.63 in sight and long-term predictions reaching $27
or higher, XRP remains a cryptocurrency to monitor closely. Investors should
stay informed on regulatory developments and market trends while approaching
XRP’s volatile market with caution.

XRP, the
native cryptocurrency of the Ripple network, is capturing market attention as
its price surges, hitting a monthly high of $2.36 today (Monday), April 28,
2025. With a 5% daily gain and a 46% increase over the past three weeks, XRP is
riding a wave of bullish momentum.

What’s
behind this rally? From the approval of XRP futures ETFs to whale accumulation
and technical breakouts, multiple factors are driving XRP’s price upward. This
article dives into the key reasons for XRP’s rise, blending recent market
developments, expert insights, XRP price prediction for 2025 and technical
analysis.

During
today’s trading session, XRP tested the $2.36 level. It is currently trading at
$2.31, up 2.7%, still near its monthly highs. The support zone around
$1.80—February and April lows—provided a strong rebound, and the return above
the 50-day EMA suggests XRP has significant room for further gains.

How Much Is XRP Worth Today? Source: CoinMarketCap

Paul Howard, Wincent

“The
Ripple ecosystem seems to go from strength to strength notably with the
acquisition of Hidden Road against the backdrop of US centric coins. As we have
stated several times this year, the growth of XRP reflects this and I expect
this continues especially as payments and settlements become a more important
use case for cryptocurrencies,” Paul Howard, the Senior Director at Wincent, commented.

According
to CoinMarketCap, XRP’s market capitalization has increased by 6% to $135
billion, with daily trading volume surging 170% to over $5.3 billion. Why is
XRP experiencing such dynamic market activity?

Why Is XRP Going Up Today?
Key Drivers of XRP’s Price Surge

Several
fundamental and technical factors are fueling XRP’s recent gains. Here’s
a breakdown of the primary catalysts:

XRP Futures ETFs Ignite
Market Optimism

The
anticipation of ProShares’ XRP futures ETFs has been a major driver of XRP’s
price increase. These ETFs, approved by the SEC, will track XRP-based futures
and launch on April 30, 2025. This follows the success of Teucrium’s 2x XRP
ETF, which saw over $5 million in trading volume on its debut earlier this
month. The CME Group’s addition of XRP futures to its U.S. derivatives
exchange
, starting next month alongside Bitcoin, Ethereum, and Solana, further
signals growing institutional interest.

However,
market analyst John Squire, tempers expectations, stating, “The real catalyst
will come when a Spot XRP ETF gets approved.” Spot XRP ETF applications,
including Grayscale’s with a critical May 22, 2025, deadline, are still under
SEC review.]

“The ETF
announcements for XRP are widely accepted as a way for Institutional and retail
to get exposure. Wincent’s role as a liquidity provider through our OTC trading
and market making means we are able to provide spot at very competitive rates
to those XRP ETF institutions that can in turn pass on the low cost of access
to the early ETF adopters. I expect we will see spot demand for XRP once these
additional ETFs launch and help to bring more balance to BTC heavy portfolios
given the differing use case of the two assets,” Howard added.

The
resolution of Ripple’s legal battle with the SEC in March 2025, which ended
with a reduced $50 million fine, has cleared regulatory hurdles, paving the way
for these ETF developments.

Table: Upcoming XRP
Futures ETFs by ProShares

ETF Name

Leverage

Description

ProShares Ultra XRP ETF

2x

Tracks 2x
daily performance of XRP futures

ProShares Short XRP ETF

-1x

Inverse
exposure to XRP futures for shorting

ProShares
Ultra Short XRP ETF

-2x

Tracks
-2x daily performance of XRP futures

You may also like: XRP in the Spotlight: Brazil Greenlights Spot ETF, US Next?

Whale Accumulation Signals
Strong Confidence

XRP’s price
is also supported by significant whale activity. According to Glassnode data
cited by Cointelegraph, the number of XRP addresses holding at least 10,000
tokens has risen steadily, even during a 30% correction from January’s high of
$3.40.

Source: Glassnode

Santiment
data reinforces this trend, showing that addresses holding 10 million to 100
million XRP have increased since April 1, 2025, with accounts holding over 1
billion XRP now controlling 39.4% of the total supply, up from 37.7% in late
March.

This accumulation suggests:

  • Reduced Selling Pressure: Whales are holding rather
    than selling, stabilizing the market.
  • Long-Term Optimism: Large investors view XRP’s
    current price as an attractive entry point.
  • Market Resilience: Even during pullbacks, whale
    buying provides a strong price floor.

Declining
XRP balances on exchanges further indicate that selling pressure is limited,
creating a solid foundation for continued price growth.

XRP Price Technical Analysis:
Bullish Momentum

From a
technical perspective, XRP’s chart is showing strong bullish signals. According
to my technical analysis, we see a falling wedge breakout, with XRP moving
above the pattern’s upper trendline on rising trading volumes. The price
holding above the 50-day exponential moving average (EMA) supports a potential
target of $3.63, a 55% gain from current levels.

XRP technical analysis. Source: Tradingview.com

XRP Technical Indicators Snapshot

  • Current Price: $2.36 (as of April 28, 2025)
  • Key
    Support
    : $1.90, $1.55
  • Key Resistance: $3.63 (falling wedge target)
  • 50-Day EMA: Acting as dynamic support
  • RSI: Neutral, indicating room for further
    upside

Others also liked: How High Can XRP Go? Experts Predict 500% XRP Price Jump by 2028

Ripple’s Regulatory
Clarity and Strategic Moves

The
conclusion of Ripple’s SEC lawsuit in March 2025, with a reduced $50 million
fine, has been a pivotal moment for XRP. Ripple CEO Brad Garlinghouse described
it as a “resounding victory” in an X post, signaling a new era for the company.
This regulatory clarity has boosted investor confidence and facilitated ETF
approvals.

Ripple’s
strategic initiatives are also enhancing XRP’s appeal:

  • Partnership Rumors: X posts mention potential
    collaborations, such as SWIFT integrating XRP for cross-border payments or
    the Federal Reserve exploring Ripple’s network for U.S. banks.
  • Hidden Road Acquisition: Ripple’s acquisition of
    Hidden Road
    , a prime broker handling $3 trillion annually, and plans to migrate
    post-trade operations to the XRP Ledger, underscore its growing role in
    global finance.

XRP Price Predictions from
Experts and Analysts

Analysts
and influencers are optimistic about XRP’s future, driven by ETF developments,
regulatory clarity, and technical strength. Below are notable predictions from
credible sources, excluding automated forecast platforms:

  • John Squire, Market Analyst: Squire projects XRP could
    reach $3.63 in the near term, driven by the falling wedge breakout and
    potential spot ETF approval.
  • EGRAG, Crypto Analyst: In an X post, EGRAG forecasts
    XRP hitting $27 by 2026, citing a 600–1,000% rally post-ETF approval,
    similar to Bitcoin’s ETF-driven surge.
  • Sistine Research: This investment community
    predicts XRP could reach $33–$50 by 2030, with a cup-and-handle pattern
    potentially pushing it to $77–$100.
  • Armando Pantoja, Community
    Pundit
    :
    Pantoja argues XRP should already be above $100, given its potential in
    cross-border payments.
  • Duefe, Market Analyst: Duefe suggests holding 1,000
    XRP until 2029, predicting $500 per token post the 2028 Bitcoin halving.

Table: XRP Price Predictions (2025–2030)

Source

Predicted Price

Timeframe

Key Driver

John Squire

$3.63

2025

Falling
wedge breakout, spot ETF

EGRAG

$27

2026

ETF approval, market rally

Sistine Research

$33–$50

2030

Cup-and-handle
pattern, adoption

Armando Pantoja

$100+

Long-term

Cross-border payment adoption

Duefe

$500

2029

Bitcoin halving, institutional use

Moreover, Standard Chartered predicts XRP will hit $8.00 by 2026, continuing its rise into 2027 and 2028.

XRP News FAQ: Common
Questions About XRP’s Price Surge

Why is XRP increasing?

XRP’s price
is rising due to the SEC’s approval of ProShares’ XRP futures ETFs, set to
launch on April 30, 2025, whale accumulation, a technical falling wedge
breakout, and regulatory clarity following Ripple’s resolved SEC lawsuit.
Institutional interest, including CME Group’s XRP futures and Ripple’s
strategic partnerships, also contributes.

Will XRP reach $5?

Reaching $5
is plausible in the near term, especially if a spot XRP ETF is approved by May
2025. John Squire’s $3.63 target is within reach based on technical patterns,
and a push to $5 could follow with sustained bullish momentum. However, market
volatility and macroeconomic factors could impact this trajectory.

Is XRP going to skyrocket?

While
“skyrocket” implies exponential gains, XRP’s outlook is bullish due to ETF
developments, whale buying, and technical strength. Analysts like EGRAG predict
a $27 target by 2026, but such gains depend on spot ETF approvals, broader
adoption, and favorable market conditions. Investors should remain cautious of
volatility.

How high can XRP go
realistically?

Realistic
targets for 2025 range from $3.63 (John Squire) to $5–$10, driven by ETF
approvals and institutional adoption. Longer-term predictions, like Sistine
Research’s $33–$50 by 2030, are feasible if Ripple secures major partnerships
and XRP’s utility in cross-border payments grows. Extreme forecasts like $500
are speculative and less likely without unprecedented adoption.

What’s Next for XRP?

XRP’s rally
is driven by a potent mix of ETF approvals, whale accumulation, technical
breakouts, and Ripple’s regulatory and strategic advancements. The upcoming
launch of ProShares’ XRP futures ETFs on April 30, 2025, and the May 22
deadline for Grayscale’s spot XRP ETF application are critical milestones to
watch. Macro factors, such as U.S. Federal Reserve policies and global trade
dynamics, could also influence XRP’s path, as noted by FXEmpire.

With
short-term targets like $3.63 in sight and long-term predictions reaching $27
or higher, XRP remains a cryptocurrency to monitor closely. Investors should
stay informed on regulatory developments and market trends while approaching
XRP’s volatile market with caution.



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