TLDR
- XRP has surged over 44% in the past week, reaching $3.38 – near its all-time high of $3.84 set seven years ago
- The price rally coincides with Donald Trump’s election win and Gary Gensler’s resignation from the SEC
- Ripple ETF approval odds have jumped from 50% to 70% on Polymarket, reflecting increased investor confidence
- JPMorgan estimates potential Ripple ETF inflows of $4-8 billion in its first year
- Whales have accumulated over 1.04 billion XRP tokens in just ten days, indicating strong institutional interest
The cryptocurrency market has witnessed a remarkable surge in XRP’s price, with the digital asset climbing to $3.38, marking its highest level in seven years. The token has recorded an impressive 44% gain over the past week, positioning itself just below its all-time high of $3.84.
The recent price movement comes amid several key developments in the cryptocurrency landscape. Donald Trump’s victory in the US elections has sparked renewed optimism among investors, particularly regarding the regulatory environment for digital assets.
Adding to the positive sentiment, Gary Gensler’s resignation from the Securities and Exchange Commission (SEC) has created expectations of a potential shift in the regulatory approach toward cryptocurrency. Market participants view this change in leadership as a possible catalyst for resolving the ongoing legal challenges facing Ripple.
The odds of a Ripple ETF approval have surged on Polymarket, jumping from 50% to 70% within a week. This increase reflects growing investor confidence in the possibility of a regulated investment product for XRP. However, the platform still indicates a 50% probability for approval before July, suggesting a measured outlook for the immediate future.
JPMorgan’s analysis provides additional context to the ETF discussion, with estimates suggesting potential inflows of $4-8 billion during the first year of a Ripple ETF. These projections are based on comparative analysis of existing cryptocurrency investment products and market demand patterns.
Whale activity has emerged as a notable factor in the current market dynamics. Large investors, commonly known as whales, have accumulated more than 1.04 billion XRP tokens in just ten days. This substantial accumulation suggests strong institutional interest in the asset at current price levels.

Technical analysis reveals the formation of a bull flag pattern on XRP charts, which typically indicates continued upward momentum. This pattern has led some analysts to project potential price targets ranging from $10 to $15, though such predictions should be viewed within the context of market volatility.
The price movement above $3.00 has established several new support levels. Technical indicators show the price trading above the 100-hourly Simple Moving Average, with a bullish trend line forming support at $3.15. The MACD indicator displays positive momentum in the bullish zone, while the Relative Strength Index (RSI) remains above the 50 level.
Resistance levels have emerged at $3.40 and $3.50, with additional hurdles anticipated at $3.65 and $3.80. The psychological level of $4.00 represents a key target for market participants, potentially leading to new all-time highs if breached.
Support structures have developed at $3.20 and $3.05, providing stability to the recent price appreciation. The 50% Fibonacci retracement level of the upward movement from $2.33 to $3.40 sits near $2.88, offering an additional safety net for prices.
The market has responded positively to Ripple’s continued business development and adoption initiatives. The company’s expanding network of partnerships and technological implementations has maintained institutional interest in the token.
Trading volumes have increased substantially during the recent price movement, indicating broad market participation. The surge in activity spans across major cryptocurrency exchanges, suggesting widespread engagement from both retail and institutional traders.
The correlation between XRP’s price movement and broader market trends has shifted, with the token outperforming both Bitcoin and Ethereum in recent trading sessions. This divergence highlights the asset’s unique market dynamics and investor perception.
Market makers and liquidity providers have adjusted their positions to accommodate increased trading activity. The depth of order books has improved, potentially reducing the impact of large trades on price volatility.
The hourly price action shows consistent buying pressure, with each retracement finding support at progressively higher levels. This pattern suggests sustained market confidence in the current price trajectory.
Current market data indicates XRP trading at $3.38, representing a 44% increase over the past week, with trading volumes exceeding previous monthly averages.
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