XRP is back in the spotlight, reclaiming traction on trending charts as investor interest spikes. The buzz around the token intensified after VivoPower committed $100 million into XRP, adopting it as part of its official treasury reserve, marking a major vote of confidence.
Simultaneously, in another XRP news, Ripple CEO Brad Garlinghouse refuted rumors of an acquisition of Circle, providing much-needed clarity. Ripple, now in its 8th year, continues to show purpose-driven leadership, having deployed $200 million toward social good initiatives. These developments have sparked renewed optimism in XRP’s market outlook.
XRP Market Sentiment:
The market cap for XRP now stands at $131.85 billion, reflecting a 2.19% rise in the past 24 hours. Trading volume has surged by over 6%, reaching $2.4 billion, indicating increased participation and heightened liquidity. The 24-hour price range between $2.19 and $2.28 shows a rebound from local lows, and technical traders are watching closely as XRP retests key moving averages.
On-chain data supports this optimism. Exchange inflows remain moderate, suggesting limited sell-side pressure. Additionally, wallets holding between 1M to 10M XRP have slightly increased holdings, indicating whale confidence at current levels.
Ripple XRP Price Analysis:
XRP is currently priced at $2.24, up 2.35% over the past day. After dipping to $2.1279, the price has risen back above key support levels. The 9-day SMA is hovering around $2.22, which now acts as a dynamic support zone. If XRP builds momentum, it could revisit resistance near $2.3496. However, it is worth noting that with the RSI at 46.42, the trend remains neutral to slightly bearish in the short term.
That being said, if it fails to sustain above $2.20 could invite renewed selling pressure, potentially pulling the price back to the $2.1279 support. But any sideways trend above this mark could pave the way for a stronger bullish move by mid-June.
If you are a hodler, you need to read our Ripple (XRP) Price Prediction 2025, 2026-2030!
FAQs
A: Currently, XRP shows a neutral to slightly bearish short-term trend, but holding above $2.22 may shift the trend to bullish.
A: The next major resistance stands at $2.3496. A breakout above this could open the path toward $2.50.
A: XRP is trending due to VivoPower’s $100M investment, denial of Ripple-Circle merger rumors, and renewed focus on Ripple’s long-term vision.
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