XRP’s market value is now higher than Shopify, Verizon and Citigroup, which further enhances the position of XRP as one the world’s most important assets. This milestone follows strong whale sales. This raises the question of whether or not retail optimism will be able to sustain this rally.
XRP market value rises above top corporations
XRP’s current valuation is higher than Shopify Verizon, and Citigroup. Shopify has millions of online shopping destinations, Verizon boasts over 140 million subscribers, and Citigroup manages trillions in assets.
Tokens have increased by over 12% in the past week. They are now above $3.05. It is the first increase for weeks. Analysts believe this represents a larger rally across all digital assets, fueled by ETF expectations.
Breakout Predictions by Analysts
The technical analysts identified bullish configurations. An analyst also noted the bull flag and projected $6, $12, or even $23 for cases where the coin breaches above $3.60.
A respected trader pointed out that Fibonacci points to levels between $4.39 and 5.85 while the support zone can be located anywhere from $3.01 to $2.85.
A third analyst noticed a triangle with symmetry. This suggests, according to them that the XRP is equally likely to increase or decrease. The bullish trend must be maintained by maintaining the close at or above $3.07.
ETF Speculation Fuels Optimism
The possibility of an exchange-traded fund for XRP in the United States has gained a lot of investor interest. James Seyffart, a Bloomberg reporter, noted that REX Osprey’s XRP Exchange-Traded Fund is likely to launch shortly after delays.
Polymarket data shows that this optimism is justified. Currently, 95% of the users on Polymarket believe that an XRP exchange-traded fund (ETF) will gain approval before the end of the year 2025. In recent months the figure has increased by 24%, an indication of growing confidence amongst market players.
This graph reveals a trend of increasing confidence after earlier decreases. These products may open up institutional flow into XRP as happened with Bitcoin ETFs and Ethereum ETFs.
Demand could be uneven. Since its launch, REX-Osprey’s Solana Staking Staking ETF has received a total of $205 million. REX Osprey Solana ETF performance is below the expectations compared with the BTC ETFs first two month’s of launch.
Whales reduce exposure despite Milestone
Large XRP investors are decreasing their exposure as retail traders rejoice the coin’s milestone valuation. Santiment said that whales who held 10 to $100 million in XRP were able to sell 40 million coins over the course of 48 hours.
The exposure of these large holders has been gradually decreasing over the last few weeks. These large holders have reduced their exposure in recent weeks. This suggests they don’t think there will be a high demand by institutions that will drive up the price.
Binance Coinbase OKX saw big sell orders when the coin’s price surpassed $3.05. These whales have also taken on short positions between $3.3-$3.6 to put a stop on any bullish momentum.
SEC delays add uncertainty
SEC in the US has postponed a final decision regarding the XRP Exchange Traded Fund (ETF) by Franklin Templeton. Regulations remain cautious. Each hesitation by regulators adds to confusion in the markets.
CryptoQuant’s Whale Flow 30 day moving average supports the position of bearish whales. This pattern is usually associated with market tops, followed by steep drops.
XRP Market Activity
In one week, XRP prices rose by more than 8,81%. They ranged from $3.02 up to $3.07. The trading volume rose to $4.64billion in the past 24 hours.
Data from the futures market told a story similar to that of current data. Coinglass said that XRP’s open interest fell by 1.78%, to $8.84 Billion. CME Binance OKX and other top exchanges also reported large sales of futures. These are in line with the actions taken by whales.
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Source: e-cryptonews.com
