XRP Price: Ripple CEO Says TradFi Is “All-In” — Here’s What That Means for XRP

TLDR

• XRP whale wallets holding 10,000+ XRP have hit an all-time high of 332,230, signaling strong accumulation.
• XRP Ledger monthly transactions reached a record 71 million in April, up 65% year-over-year.
• The $1.50 price level is a key resistance zone where the 100-day EMA and triangle resistance converge.
• ETF clients purchased $18.52 million worth of XRP, bringing total ETF-held net assets to $1.25 billion.
• Ripple CEO Brad Garlinghouse highlighted XRP’s speed (3–5 second settlements) and low cost as its core strengths.

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XRP has climbed back from its April low of $1.26, reaching a three-week high of $1.50. The move represents a 19% recovery and has put a key technical resistance level directly in focus.

XRP Price

Whale activity is a standout factor in this recovery. Data from Santiment shows the number of wallets holding at least 10,000 XRP has reached a record 332,230. Santiment noted this trend has been building since June 2024.

Analyst CW8900 shared data showing XRP whale long positions remain dominant relative to retail, suggesting larger players are “maintaining a bullish view” of the market.

On-chain activity is also growing. XRPL monthly transactions jumped to 71 million in April, up from 43 million a year earlier — a 65% year-over-year increase. According to treasury firm Evernorth, that growth was driven by institutional use tied to Bitstamp, RLUSD, Braza Bank, and DeFi protocols.

Whale Insider reported on X that ETF clients purchased $18.52 million worth of XRP, pushing total ETF-held net assets to $1.25 billion. This reflects growing demand from traditional financial institutions.

The $1.50 Level Is the Key Test

XRP is currently breaking out of an ascending triangle pattern that has held price action since early February. The $1.50 zone sits at the convergence of the triangle’s resistance line and the 100-day exponential moving average.

Price has been rejected from this level four times since mid-February. Analyst ChartNerd noted on X that “$1.50/55 remains an imminent resistance to break,” while also pointing out that XRP has been holding its daily 20 EMA since reclaiming it in early May.

Beyond $1.50, the next notable supply zone sits between $1.67 and $1.70, where the 200-day EMA is located. A measured target from the triangle pattern puts a potential move toward $1.98.

Ripple CEO Outlines What Makes XRP Different

He pointed to three features: settlement in 3–5 seconds, transaction costs of fractions of a penny, and more than 4 billion completed transactions on the XRPL.

Garlinghouse also joined a Binance Square session alongside Solana Foundation’s Lily Liu and Binance co-CEO Richard Teng. He said traditional finance is engaging with crypto in a “really positive way,” citing Morgan Stanley’s recent move into the space.

XRP is currently trading around $1.43 to $1.50, with the $1.50 resistance remaining the next key level to watch.

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