TL;DR
- Ripple’s native token became one of the biggest gainers after the US elections, but lost some steam in Q1, even though the company’s lawsuit against the SEC is seemingly over.
- Although no one has actually declared it dead (at least not in the well-known public space), a social media influencer with over 500,000 followers on X explained why it could be just loading.
Not Dead, Just Loading
John Squire started with a 10-year setup that investors might have ignored until now. Ever since the project’s establishment around a decade ago, the company behind it has made significant moves to enhance adoption. Squire noted that RippleNet is utilized in over 55 countries, with notable partners including SBI, Tranglo, and Santander.
Importantly, he emphasized that XRP isn’t merely a “new hype coin”. It has been steadily developing since before many influencers even discovered Bitcoin.
Squire referred to the prolonged struggle between Ripple and the US Securities and Exchange Commission (SEC), which lasted over four years. While the SEC has yet to officially confirm the closure of the case, Ripple’s CEO proudly announced victory in mid-March. Squire remarked, “XRP is the only top 10 coin to fight the US government and survive.”
As for institutional adoption and the potential for a spot Ripple ETF in the United States, the social media influencer highlighted the upcoming launch of an XRP futures product by the CME this month. Additionally, there are 10 applications awaiting decisions from the SEC. Even though the Commission delayed on one earlier this week, numerous experts assert that it is only a matter of time before XRP follows the path set by ETH and BTC last year.
Institutional money is knocking
CME launching XRP futures in May 2025
Wall Street wants in
Rumors of BlackRock XRP trust won’t die
This isn’t retail buzz. This is big money warming up.
— John Squire (@TheCryptoSquire) May 1, 2025
XRP Price Chart Says Bull Run
In line with another report suggesting that XRP might surge in the coming weeks, Squire argued that the asset’s chart projects a distinctly bullish trend. Aside from a few minor fluctuations below $2, the fourth-largest cryptocurrency has predominantly remained stable above that threshold since it broke it in late 2024.
Squire further noted that the Relative Strength Index (RSI) is cooling off, while trading volume is “quietly building.” He remarked, “Smart money doesn’t chase pumps. It buys when you are bored.” There is evidence to support this claim, as whales accumulated nearly $2 billion worth of XRP in April alone. Additionally, whale addresses have skyrocketed to an all-time high of over 300,000.
After providing the necessary disclaimer that his observations do not constitute financial advice, Squire concluded that often, the most criticized assets, like XRP, tend to outperform expectations.
The post XRP Is Not Dead, It’s Just Loading: Analyst appeared first on CryptoPotato.
