XRP, the fourth-largest cryptocurrency by market cap, is trading around $2.08, reflecting a 3.64% down in the past 24 hours, according to CoinMarketCap. After a drop on April 2, XRP has bounced back and is now heading for its third straight day of gains.
Analysts have differing views on XRP’s next move. Some predict a potential rise to the $2.50-$3 range. Crypto analyst Ali suggests that if XRP holds above the critical $2 level, it could see a 30% jump toward the upper boundary at $2.60. Alternatively, XRP might continue trading within the range set by its 50-day and 200-day moving averages, at $2.36 and $1.83, respectively.
Coinbase Institutional, a leading U.S. crypto platform, announced on Friday that it has filed with the Commodity Futures Trading Commission (CFTC) to launch XRP futures contracts.
Insights from On-Chain Data
Glassnode reports a 490% surge in XRP address activity and nearly double its realized cap, signaling strong retail interest. Since the 2022 cycle low, daily active XRP addresses have grown by 490% on a quarterly average, far outpacing Bitcoin’s 10% growth. This highlights XRP’s appeal and growing speculative interest in the crypto market.
Bitcoin and XRP have both increased around 5x to 6x from their lows, but their growth patterns have been quite different. XRP remained mostly flat until December 2024, when it experienced a sharp, speculative rally driven by retail investors. During this surge, XRP’s realized market cap nearly doubled, jumping from $30.1 billion to $64.2 billion.
Interestingly, about $30 billion of this increase came from investors who entered the market within the last six months, underscoring the short-term nature of this retail-driven rally. However, since late February 2025, the pace of capital inflows has slowed, suggesting a cooling in speculative interest.
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