XRP Price 15% Higher As Ripple Whales Return, While ETH and BTC Remain Stuck
The XRP price is 15% higher this week, as Ripple whales get active and regulatory optimism rises in the U.S., while Bitcoin and Ethereum remain stuck in a tight range.
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Ripple coin tumbled lower two weeks ago but it seems like buyers have returned after making three consequent bullish candlesticks on the daily chart.
Ripple Coin Struggles to Hold Above Key Resistance
After a strong rally in late 2024, fueled by Ripple’s legal progress against the SEC, XRP faced volatility following the introduction of DeepSeek, which shook financial markets. This led to a sharp decline from its all-time high of $3.39, with a flash crash in early February briefly pushing the price below $2. Buyers quickly stepped in, driving XRP back up by $1, and since then, the price has been fluctuating within a range of $2.25 to $2.55.
XRP Chart Daily – $3 Comes Next If the 50 SMA Is Broken
This week, XRP buyers made an attempt to break out, pushing the price above the range and the 50-day SMA to $2.83. However, they struggled to sustain momentum above the 50 SMA, with $2.70 acting as strong resistance. If XRP can decisively move past this level, it may target the psychological $3 mark, particularly if speculation around an XRP ETF approval gains traction.
XRP Whale Activity and Regulatory Developments
Ripple whales have been active, transferring over 430 million XRP in three major transactions totaling $1.169 billion. Such large movements often influence market liquidity and sentiment, raising questions about potential price impacts.
Adding to market speculation, the SEC has paused its lawsuit against Binance for 60 days, leading analysts to believe that the agency might be reassessing its approach to cryptocurrency cases, including Ripple’s. Ripple CEO Brad Garlinghouse has expressed optimism about bipartisan support for clearer U.S. crypto regulations. He highlighted recent legislative discussions, calling the current climate an opportunity for meaningful regulatory progress.
Bitcoin and Ethereum Hold in Tight Ranges
Bitcoin experienced strong rallies at the end of 2024, setting a new all-time high above $100,000. It surged again on January 20, coinciding with Donald Trump’s return to power, reaching a peak of $109,867. However, it has struggled to maintain key levels since then. Following Trump’s tariff announcement in early February, BTC/USD briefly dipped below $90,000 before rebounding above $100K, only to drop back below it again. Currently, Bitcoin is caught between the 100-day SMA (support) and the 50-day SMA (resistance). A break above $100K and the 50-day SMA is necessary to retest January’s highs.
Bitcoin Chart Daily – Stuck Between 2 MAs
Ethereum has also been range-bound, trading between $2,500 and $2,800 after recovering from a recent dip to $2,000. While it has regained some ground, it remains stuck without a clear breakout direction.
Ripple XRP Live Chart
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