Key Insights:
- Big institutional bets could fuel a major rally.
- XRP price could surge 138% if resistance breaks.
- MACD looks bullish, but a drop to $0.70 is still in play.
The XRP price has dropped 0.8% in the last 24 hours to trade at $2.18 as part of a 6.5% drop over the last 7 days. The price decline happens as daily trading volume surges 26.7% to $1.619 Billion, signifying recent rise in market activity.
With an ETF hitting $67 Million in assets under management (AuM) and some wild chart signals, we might be looking at a 138% surge this week.
ETF Goes BRRR — $67M AuM and Counting
According to a post from Jungle Inc. Crypto News on X, the XRP ETF just exploded to $67M in AuM this week. That’s a massive flex for XRP adoption, showing that institutional money is starting to pour in.
More liquidity, more eyes, more gains. This ETF pump is a signal that big players are betting on XRP’s future, and it’s giving the price some serious rocket fuel potential.
Meanwhile, regulatory clarity is finally on the horizon for XRP. After years of legal drama with the SEC, whispers of a settlement or favorable ruling are circulating. If this plays out, it could be the ultimate catalyst for XRP to go the moon. The market hates uncertainty, and with clarity coming, XRP might just surge past resistance like it’s nothing.
On May 3, Ripple Co-Founder Chris Larsen said most of the XRP supply will be in circulation by 2037, which could “see a price of $5,000 or more.”
XRP Price At Crossroads: Value Gap Or a 138% Pump Incoming?
This XRP/USD 3-day chart shows the price sitting at $2.18 as of May 5, 2025. XRP also sports a Fair Value Gap (FVG) highlighted on the chart between $0.7 and $0.9.
For the uncultured, FVGs are like magnets in the market—price often comes back to fill these gaps before making its next big move. XRP price will likely have to tap into this FVG zone and bounce hard, else, it could spell doom for the layer 1 asset.
The 50-day simple moving average (SMA) is sitting at $2.4028 is acting as dynamic resistance, and the relative strength index (RSI) at 48.43 shows XRP is not overbought yet.
The chart also shows a key resistance at $2.3, which aligns with the 0.382 Fibonacci level. If XRP breaks this, the next target is around $3.42, which marks the previous high on the chart. That’s a 138% jump from the current price of $2.17 would set the crypto asset at around $5.23.
The moving average convergence/divergence (MACD) indicator is showing a potential bullish crossover, with the histogram flowing slightly above zero line. If the bulls step in, we could see XRP soar to $3.42 this week.
On the flip side, if the current resistance around $2.3 holds, XRP may turn bearish. Combined with the fair value gap pull, the asset may find its way down to $0.7, which signifies a 59% drop from the current price.
Data from CoinGlass suggests bears are in control of the market as the cumulative short liquidations over the last 7 days dwarf longs by over twice.
What’s Next for XRP Price? To the Moon or Chill?
So, where do we go from here? The ETF hitting $67M AuM is a game-changer, and with real-world adoption growing, XRP is looking spicy. The chart is screaming “uncertainty” with that FVG fill on the downside, and a clear path to $3.42 on the upper side.
A 138% surge this week is totally in play, but investors have to watch that MACD for any sneaky bearish moves.
The XRP fundamentals are lining up with the technicals, even though futures traders are more fixated on a quick buck from a XRP short.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
