XRP is gaining serious traction as its price jumps to $2.20, with daily trading volume soaring 80% to $4.35 billion. This surge comes alongside increased whale activity and fresh talks about XRP potentially joining New Hampshire’s strategic digital asset reserve. Notably, two massive whale transactions—70 million XRP and 300 million XRP—were moved to unknown wallets, sparking widespread speculation about XRP’s future.
Strategic Reserve Status Could Propel XRP Price to $8.5 by 2026
Crypto lawyer Fred Rispoli shared that under New Hampshire’s HB 302 Bill, any cryptocurrency crossing a $500 billion market cap could be included in the state’s digital asset reserve by 2026. While Bitcoin currently holds that distinction, Rispoli believes XRP has a strong shot if its momentum continues. With a current market cap of $125 billion, analysts speculate that reaching the $500 billion mark could push XRP’s price as high as $8.5—possibly even $10 by 2025.
XRP Price Forecast: Bullish Indicators Point to Major Gains
XRP’s price movement is being driven by bullish signals across multiple technical charts. Crypto analyst Dark Defender is optimistic, predicting a surge to $3 in the short term, followed by targets at $4.4 and $6.3 in the medium term.
The market has seen positive indicators such as higher lows on the hourly chart, a bullish crossover in the MACD, and an RSI of 64.60, signaling continued upward momentum. XRP is also trading above key Exponential Moving Averages (EMAs), further reinforcing the rally’s strength.
Could XRP Back U.S. Government Bonds?
A bold proposal from Black Swan Capitalist suggests that XRP-backed government bonds could be in the cards. This idea would involve U.S. debt being issued in XRP, providing fixed returns for investors while bringing blockchain efficiency to traditional markets. If realized, this could significantly boost XRP’s institutional appeal.
With rising whale activity, growing legal support, and bullish technical indicators, XRP is emerging as a key player in the next wave of cryptocurrency momentum. As analysts predict further upside and legal frameworks continue to evolve, XRP’s future looks brighter than ever.
XRP price opened trading at $2.25 on Thursday, March 19, with key derivatives trading signals leaning bullish ahead of the U.S. Federal Reserve’s rate decision. Can XRP price breach the $2.5 resistance in the upcoming trading sessions?
XRP Price Remains Below $2.30 as Investors Shift Focus to Low-Cap Altcoins
Ripple (XRP) was among the top-performing altcoins last week, driven by reports that the U.S. Securities and Exchange Commission (SEC) was considering classifying XRP as a commodity as part of its settlement talks with Ripple. The anticipation that this move could eliminate a significant regulatory hurdle for altcoin ETF approvals fueled a strong rally.
Investors flocked to XRP, alongside other top altcoins such as Litecoin (LTC), Cardano (ADA), and Hedera (HBAR), with ETF approval filling in progress, all of which posted double-digit gains before facing corrections this week.
However, this week, the momentum has shifted away from XRP as new ETF developments have emerged. Canary Capital’s filing for a SUI spot ETF—its sixth altcoin ETF filing —alongside Nasdaq’s Polkadot ETF application has spurred fresh investor interest. As a result, both DOT and SUI have experienced notable price surges.
A broader market analysis suggests that investors are rotating capital out of last week’s top gainers, including XRP, in pursuit of these emerging narratives.
This rotation has left Ripple price trading below the $2.30 mark on Thursday, with its trading volume declining alongside other major altcoins such as LTC, SOL, and ADA, all of which have seen increased selling pressure over the past 24 hours.
XRP Derivative Traders Take a Cautious but Optimistic Stance Ahead of US Fed Rate Decision
While XRP’s price has struggled to maintain momentum this week, investors have rotated capital into emerging altcoins like Polkadot (DOT) and SUI, driven by fresh ETF narratives. Despite the bearish sentiment in the spot market, derivatives trading data reveals a more optimistic outlook, with traders positioning themselves for potential upside ahead of the U.S. Federal Reserve’s rate decision.
Three vital derivative trading indices compiled by CoinGlass on Wednesday suggesting an imminent bullish reversal in XRP price momentum:
1. XRP Derivatives Volume Climbs 7.34% as Open Interest Rises
XRP derivatives trading volume has increased by 7.34%, reaching $5.05 billion, while open interest (OI)—the total value of active futures contracts—has edged up 1.85% to $3.19 billion. This signals growing market participation, with traders actively opening new positions in anticipation of heightened volatility. An uptick in OI typically reflects confidence in an impending price move.
2. Long/Short Ratio Indicates Bullish Leverage Bias
On leading exchanges, XRP traders are showing a strong inclination towards long positions. The long/short ratio on Binance XRP/USDT accounts stands at 2.394, meaning there are nearly 2.4 long positions for every short. Similarly, OKX’s long/short ratio is 2.01, reinforcing the bullish outlook. When traders disproportionately favor longs, it often suggests an expectation of upward price movement.
3. Sell-Side Liquidations Decline as Bulls Gain Control
XRP’s sell-side liquidations have notably decreased, suggesting that bearish pressure is easing. In contrast, buy-side liquidations have risen, indicating that leveraged traders are positioning for an upward price move. This shift reduces the risk of downside volatility and supports the case for a potential recovery rally.
XRP Market Outlook:
Despite short-term price consolidation below the $2.30 level, XRP derivatives traders appear to be positioning for a bullish breakout towards $2.50. With rising open interest, a positive long/short ratio, and reduced sell-side liquidations, XRP may be primed for an upward move—contingent on the broader market reaction to the Fed’s rate decision on Wednesday.
XRP Price Forecast: $2.50 Breakout Could Spur More Gains
XRP price forecast remains cautiously bullish as the price consolidates around $2.28, with technical indicators showing mixed signals ahead of a potential breakout. The Bollinger Bands (BB) midpoint at $2.33 remains a key resistance level, while the lower BB at $1.95 provides strong support. A decisive break above $2.33 could trigger momentum toward $2.50, where a breakout may fuel an extended rally.
XRP Price Forecast
The MACD indicator is flashing early signs of a bullish crossover, with the MACD line moving upward toward the signal line, suggesting waning bearish momentum. Additionally, the histogram bars are transitioning from red to green, reinforcing the potential for a bullish reversal. The previous 30% rally within four trading sessions, highlighted in the chart, sets a precedent for XRP’s ability to surge once a breakout occurs.
However, the recent 7.88% retracement over the last four sessions raises caution. A failure to reclaim $2.33 could see further declines, with $2.00 as the next major support. The trading volume of 609M during the recent pullback suggests some hesitation among buyers. If XRP can sustain momentum and break $2.50, it could target $2.70-$2.90 in the coming weeks. Conversely, rejection at resistance could trigger further downside consolidation.
The crypto market is seeing notable fluctuations as various factors influence the prices of major assets like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Dogecoin (DOGE). As of late April, new trends are emerging that have shifted the focus of traders and investors. These factors are affecting market sentiment and shaping expectations moving into May.
Donald Trump and Eric Trump Comments Impact
Accoding to Santiment, the discussions surrounding U.S. politics are having an impact on the crypto market, particularly with recent comments from President Donald Trump and his son, Eric Trump. Eric Trump recently emphasized the importance of cryptocurrencies, urging banks to adopt digital currencies or risk facing extinction.
He specifically pointed out Bitcoin as a solution to the current financial system’s flaws. His statements align with broader concerns over the financial infrastructure, and they have fueled conversations about the potential role of cryptocurrencies in the future.
President Donald Trump’s economic views, particularly his stance on tariffs, are also drawing attention. He has continued to advocate for high tariffs on foreign imports, a position that has led some to link his policies to broader economic challenges. However, the U.S. has taken the initiative to reach out to China through multiple channels in an attempt to open discussions regarding tariffs.
Investors have noted that his remarks about the stock market and the economy are often intertwined with his views on crypto. As a result, these political developments are contributing to ongoing market volatility, with some traders seeing them as signals of uncertainty that could influence both traditional and digital assets.
U.S. GDP and Economic Data Affecting Crypto Markets
Recent economic data have also influenced the development of the crypto market. The first quarter results showed that the GDP of the US went into the negative territory for the first time in the next three years with a contraction of 0.3%. This has led to fears of a recession in the United States and slow economic growth in the country. The negative figure in GDP has however influenced market sentiment and many investors have had to adjust their positions in their portfolios.
Furthermore, the continued inflationary pressure remains a topic of concern. The Personal Consumption Expenditure (PCE) index for March showed a year-over-year inflation rate of 2.3%, slightly above the Federal Reserve’s 2% target.
This has left investors uneasy especially with regard to the Federal Reserve policy meeting that is due on May 7. Since there are rumors of a possible recession, traders are managing their investment portfolios, and some of them are seeking haven in cryptocurrencies, especially Bitcoin since some consider the crypto as a safe-haven.
TOKEN2049 and Crypto Developments in Dubai
The TOKEN2049 event in Dubai has brought attention to the region’s growing role in the global crypto space. The conference has had more than fifteen thousand participants including the best leaders in the field of blockchain and cryptocurrency. At TOKEN2049, many concerns have been raised concerning the future of the crypto market with individuals sharing their opinions on what could be next in the market.
Dubai’s growing significance in the crypto world is also evident in developments like the Trump Tower Dubai accepting cryptocurrency payments for luxury apartments.
These movements point to the fact that digital currencies have gradually been adopted in the global system of finance. This event and similar news brought more attention towards the region and Middle East as the potential hub for cryptocurrency, and investors are paying great attention to such possibilities as they impact the market.
Bitcoin and Altcoin Market Movements
Bitcoin has seen a strong rally over the past week, rising to the $94,000 to $96,000 range, only to experience a pullback in the last 24 hours. As Bitcoin’s price began to stabilize, traders shifted their attention to altcoins, resulting in a market-wide surge of over 10% in the past week.
Despite Bitcoin’s dominant position in the crypto market, altcoins like XRP, Ethereum, and meme coins like Dogecoin have seen increased trading volume as investors search for higher-risk, higher-reward opportunities. Ethereum price has followed the BTC price trend with ETH trading at $1,800, a 0.3% dip with bulls holding on despite the turbulance in the crypto market.
At press time, XRP price was trading at $2.20, a 4% decline from the intra-day high of $2.30 boosted by the postponing of an XRP ETF approval decision by the US SEC. Dogecoin price, due to a similar reason of DOGE ETF postponing and has as a result witnessed a 3% decline to $0.1730.
Meme coins, in particular, have seen a spike in discussion and interest as their prices rise. This has been a characteristic pattern, as retail investors often turn to these assets during bull markets, driven by the potential for quick gains. However, many traders have been cautious, recalling the losses from the previous bear market cycle.
Shark Tank investor and Canadian businessman Kevin O’Leary is firing back at Senator Elizabeth Warren over her opposition to the GENIUS Act – a bipartisan bill designed to regulate stablecoins in the United States.
O’Leary didn’t hold back, calling Warren’s stance “dangerous” and “un-American,” accusing her of blocking financial innovation by turning the bill into a political weapon against Donald Trump.
O’Leary: Warren Is Politicizing a Vital Crypto Bill
As crypto regulation becomes a bigger part of U.S. policy, O’Leary argues that Warren is distracting from the GENIUS Act’s core purpose. He says the bill is about modernizing the American financial system through properly regulated stablecoins – not about Trump or meme coins.
In a post on X, O’Leary stressed that the bill has nothing to do with Trump and warned that dragging politics into the conversation could hurt the country’s ability to lead in global finance.
According to him, the GENIUS Act is a step toward strengthening the U.S. dollar’s role in digital payments around the world. He believes Warren’s opposition risks slowing innovation and letting countries like China pull ahead in the race for financial dominance.
“This is about establishing the U.S. dollar as the default currency for global price discovery,” O’Leary said, dismissing Warren’s claims as “completely deranged.”
Warren’s Opposition to the GENIUS Act
Senator Warren opposes the bill, citing its ties to a $2 billion MGX-Binance deal involving USD1 which is a Trump-linked stablecoin.
She cautions that exemptions for senior officials, including the president, could give birth to corruption, claiming the bill risks “greenlighting the grift.”
Warren argues that the bill could allow Trump to regulate his own financial product, undermining transparency and public trust.
GENIUS Act Moves Forward with Bipartisan Support
Despite Warren’s strong pushback, the GENIUS Act recently passed a key Senate hurdle. Several Democrats who were initially skeptical have now supported a revised version of the bill.
The bipartisan support signals growing momentum for establishing clear regulations for stablecoins – something many in the industry believe is essential for the future of digital finance in the U.S.
You can best believe that the debate is not over.
The post Shark Tank’s Kevin O’Leary Slams Senator Warren Over GENIUS Act: “Un-American and Dangerous” appeared first on Coinpedia Fintech News
Shark Tank investor and Canadian businessman Kevin O’Leary is firing back at Senator Elizabeth Warren over her opposition to the GENIUS Act – a bipartisan bill designed to regulate stablecoins in the United States. O’Leary didn’t hold back, calling Warren’s stance “dangerous” and “un-American,” accusing her of blocking financial innovation by turning the bill into …
