ZyCrypto 2025-05-30 21:37:46

Ripple’s XRP ETF Speculation and Historic Network Activity Align for $5 XRP Price Target

XRP continues to attract widespread attention , and the materialization of an exchange-traded fund (ETF) seems to be getting closer and closer. This is part of the reasons why XRP is building up momentum with its eyes set on breaching the $5 zone. Market analyst CobraVanguard acknowledged, “XRP ready for pump or what? Ripple’s XRP has successfully broken out of the falling wedge pattern and retested the breakout zone,the price is holding firmly above previous resistance, which now acts as strong support.” Source: CobraVanguard Exiting a falling wedge chart from the upside is usually deemed bullish because this pattern is characterized by lower highs and lower lows established during a downtrend. Therefore, XRP forms a bullish reversal structure that could ignite upward momentum. Active XRP Addresses Hit Historic Highs According to crypto pundit Brett, “XRP’s active addresses surge to record highs in 2025, outpacing price growth. Is XRP About to Explode?” Source: Glassnode Therefore, this shows that the number of active wallets receiving or sending XRP is going through the roof, signalling enhanced adoption, trading, or user interest. This is a bullish indicator because it depicts increased XRP demand. Meanwhile, the XRP community is optimistic that a Circle takeover by Ripple will enable institutions to pump billions of dollars into its ecosystem.