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According to CoinMarketCap data, XRP, the fourth-largest cryptocurrency by market capitalization, is trading near $2.14, up 3.22% in the last 24 hours. Since its loss on April 2, XRP has rebounded and is on track for its third consecutive day of gains.
Analysts' perspectives on what happens next for XRP vary. Some suggest a potential rise to the $2.50-$3 range. According to Ali, a crypto analyst, if XRP can stay above the key $2 level, a 30% move toward the channel’s upper boundary at $2.60 could be next. Conversely, another potential scenario is that XRP may continue to trade within a range bounded by its daily moving averages of 50 and 200 at $2.36 and $1.83, respectively.
Tomiwabold OlajideIn a significant move for XRP, U.S. crypto behemoth Coinbase Institutional said on Friday that it had submitted a filing to the Commodity Futures Trading Commission (CFTC) to launch XRP futures contracts.
What on-chain data suggests
According to Glassnode, XRP has had a 490% increase in address activity and an almost doubling of its realized cap, indicating aggressive retail interest.
Since the 2022 cycle low, the quarterly average of daily active XRP addresses has increased by 490%, compared to only 10% for Bitcoin. This sharp contrast shows that XRP has piqued retail interest, mirroring speculative appetite in the crypto market.
Arman ShirinyanWhile Bitcoin and XRP have performed similarly, trading at about 5x to 6x up their lows, the journey has been fundamentally different. XRP traded largely sideways until December 2024 before experiencing an explosive surge higher, a price pattern more consistent with retail-driven speculation.
During this surge, XRP's realized cap nearly doubled, from $30.1 billion to $64.2 billion, reflecting a substantial inflow of capital. Notably, about $30 billion of this rise came from investors who deployed capital in the last six months, highlighting the short concentration of the retail-led rally.
However, this capital influx has started to slow down since late February 2025, indicating a potential cooling in speculative appetite.
Vladislav Sopov
Dan Burgin