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XRP Bulls Eye Recovery: Will ETF Approval and Whale Moves Propel Price Higher?

SEC Greenlights XRP ETF Applications: A Regulatory Milestone

SEC has accepted spot XRP ETF applications by CoinShares, Canary Capital, and WisdomTree, submitted through Nasdaq and Cboe BZX exchanges. The action triggers a 21-day public comment period that allows stakeholders to leave comments. Upon the expiration of the time, the SEC will be given 240 days to approve or deny the applications, which would bring it to a final decision by mid-October 2025.2.20

Whale Alert: Massive XRP Accumulation Signals Confidence

Recent trading activity in the XRP market shows that whales are showing massive accumulation, which could impact price and market dynamics. Whales have purchased around 150 million XRP tokens over the last 48 hours, according to analyst Ali Martinez, who cited extreme spikes in holding among wallets holding between 10 million to 100 million XRP.

Specifically, one whale accumulated 20 million XRP tokens on the Gemini platform, worth about $50.65 million. In total, whales currently possess more than 6.9 billion XRP tokens, a demonstration of solid faith in major traders

Technical Outlook: XRPUSD Navigates a Mixed Landscape

XRPUSD  showed a minor pullback on [positive developments.  It hit an all-time high of $3.40 and is currently trading around $2.70. A daily close below $1.60 could signal a further minor bearish trend. XRP remains below above both short-term (34 EMA and 55 EMA) and above long-term moving averages (200-day EMA) on the 4-hour chart confirming a mixed trend.

Resistance and Support Analysis
The immediate resistance level for XRP is around $2.80, and a breakout above this level will push prices higher to $3/$3.40/$4. Any breach above $4 confirms further bullishness, a jump to $5. On the downside, immediate support lies at $2.20 any break below targets $2/ $1.60, $1.27, $1.00, $0.85, and $0.74.

CCI(50)- Bullish

Directional Movement Index - Bullish

Trading Strategy Recommendation

It is good to buy on dips around $2.37-40 with SL around $2 around $4.

 

 

 

 

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