Ripple (XRP) Gains Momentum as CEO Confirms Traditional Finance Is “All-In” on Crypto

Key Highlights

• Wallets containing 10,000+ XRP have surged to an unprecedented 332,230, indicating robust accumulation trends.
• April saw XRPL monthly transactions peak at 71 million, marking a 65% increase compared to the previous year.
• Technical analysts identify $1.50 as a critical barrier where the 100-day EMA intersects with triangle pattern resistance.
• ETF investors acquired $18.52 million in XRP, pushing aggregate ETF holdings to $1.25 billion in net assets.
• Brad Garlinghouse, Ripple’s CEO, emphasized XRP’s competitive advantages: 3–5 second settlements and minimal transaction fees.

Ripple’s native token has staged an impressive comeback from its April trough of $1.26, climbing to a three-week peak of $1.50. This 19% rebound has positioned the asset at a pivotal technical juncture.

Large holder activity stands out as a driving force behind this resurgence. According to Santiment analytics, addresses containing a minimum of 10,000 XRP have reached an unprecedented 332,230. This uptrend has been developing consistently since June 2024.

Market analyst CW8900 presented data demonstrating that XRP whale long positions continue to outweigh retail participation, indicating that major market participants are “sustaining a positive market outlook.”

Blockchain metrics tell a similar story. The XRP Ledger processed 71 million transactions in April, compared to 43 million during the same period last year — representing a substantial 65% annual growth rate. Treasury management firm Evernorth attributes this expansion to institutional adoption involving Bitstamp, RLUSD, Braza Bank, and various DeFi platforms.

Whale Insider disclosed on X that ETF participants acquired $18.52 million in XRP, elevating total ETF-managed net assets to $1.25 billion. This development underscores increasing appetite from conventional financial players.

Critical $1.50 Resistance Zone Under Spotlight

XRP is currently attempting to breach an ascending triangle formation that has contained price movement since February’s beginning. The $1.50 area represents a confluence where the triangle’s upper boundary meets the 100-day exponential moving average.

This price level has successfully repelled upward attempts four times since mid-February. Technical analyst ChartNerd observed on X that “$1.50/55 stands as immediate resistance requiring a breakthrough,” while simultaneously highlighting that XRP has maintained support above its daily 20 EMA since recapturing it in early May.

Above $1.50, the subsequent resistance cluster appears between $1.67 and $1.70, where the 200-day EMA currently resides. Triangle pattern projections suggest a potential advance toward $1.98.

Ripple’s CEO Explains XRP’s Competitive Edge

He highlighted three distinguishing characteristics: finality achieved in 3–5 seconds, transaction expenses measuring fractions of a cent, and over 4 billion successfully processed transactions on the XRP Ledger.

Garlinghouse also participated in a Binance Square discussion alongside Lily Liu from the Solana Foundation and Binance co-CEO Richard Teng. He characterized traditional finance’s crypto engagement as “genuinely encouraging,” referencing Morgan Stanley’s recent market entry as evidence.

XRP currently trades in the $1.43 to $1.50 range, with the $1.50 resistance level representing the immediate technical challenge ahead.

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