XRP nears $6 as wallet count tops 6.5M
By: bitcoin ethereum news|2025/05/14 20:45:04
0
Share
Over 638,000 new wallets added in early 2025. WisdomTree report backs XRP as altcoin fit for crypto portfolios. Analysts predict breakout with targets of $3.40 to $6.00. Ripple’s XRP has rebounded sharply in 2025, reclaiming its position as one of the top three cryptocurrencies by market capitalisation. Once written off during the depths of the SEC lawsuit, the token has staged a powerful comeback, rallying 25% this past week and hitting a price of $2.57. Its latest rise is fuelled not only by technical momentum but also by on-chain data that shows rising interest among both retail and institutional investors. In the first few months of 2025 alone, XRP added more than 638,000 new wallets, an 11% increase. This pushed the total number of active XRP wallets to near 6.5 million—marking the highest point in the network’s 12-year history. This rise in user adoption is coinciding with a renewed focus on XRP as a credible alternative to Bitcoin in portfolio construction, supported by recent analysis from leading asset manager WisdomTree. Wallet data signals rising user engagement The dramatic uptick in wallet creation comes after years of regulatory headwinds that had suppressed activity on the Ripple network. The growth in wallets is now being interpreted by analysts as a return of confidence in XRP’s long-term utility. While speculation has always played a role in crypto movements, the consistent increase in active, non-empty wallets indicates a broader shift toward sustained user interest. At the same time, WisdomTree—a global asset manager overseeing more than $100 billion in assets—released a report naming XRP as the only altcoin that aligns well with Bitcoin in a diversified crypto portfolio. This institutional endorsement is seen as a key driver of renewed investor interest, especially as large holders typically seek coins with longer-term fundamentals and regulatory clarity. Binance futures data highlights strong buyer interest Beyond wallet statistics, trading data from Binance is also showing bullish momentum. XRP futures open interest, which had fallen to $530 million from a high of $1.5 billion, is rising again. This metric tracks the total value of open derivative contracts, and its growth typically signals that traders are positioning for further volatility. While some traders are taking short positions, on-chain analysts such as FundingVest (via Cryptoquant) suggest that these positions are being absorbed by buyers. This dynamic could point to an upcoming breakout, particularly if resistance levels continue to weaken under buying pressure. Funding rates have returned to neutral territory, which typically precedes major price shifts as leverage resets. Liquidation patterns suggest market strength Coinglass data supports the thesis of building bullish strength. XRP saw $6.86 million in liquidations over the past few sessions, with long and short traders contributing nearly equally to the total. Notably, long-term holders accounted for $3.59 million, while short-sellers made up $3.27 million. This even split indicates a battle between bulls and bears, but XRP’s ability to hold above $2.50 even during volatility suggests underlying resilience. Technically, analysts are watching a bullish pennant pattern forming on XRP’s weekly chart. MackAttackXRP, a well-known chartist, points to potential targets of $3.40 and $3.60 if the breakout confirms. More aggressive price targets in the $5.00–$6.00 range are also circulating, assuming broader market sentiment remains positive. XRP is currently trading at $ 2.63 price, up by almost 4% in 24 hours, is viewed as part of a steady climb rather than a flash rally. The $3 mark could be reached as early as the end of this week if momentum holds, though future gains will depend on whether buyer demand remains strong enough to overcome key resistance zones. Source: https://coinjournal.net/news/xrp-wallet-growth-hits-6-5-million-price-eyes-6-breakout/
You may also like

The "PayPal Mafia" of the AI era, from an internship to a net worth of billions
Creating billion-dollar giants like Perplexity and Cognition: Unveiling the "new gang" of the AI era formed by former Olympic champions.

The Most Crypto-Knowledgeable Fed Chair in History: What Cryptocurrencies Does Kevin Warsh Hold?
He has been called Bitcoin's "good cop of policy," and now his holdings confirm his assessment.

X Launches Cashtag, Musk's Super App Most Concrete Landing
A "message in a bottle" product that was invented, stolen, and turned into a deposit gateway

Educational | How Can the Average Person Quickly Identify Token Rug Pull and Trading Strategy?
Following the whales is meaningless; understanding their intentions is what truly matters

Rhythm X Zhihu Event Guest Announcement, featuring experts from academia, institutions, and individuals covering all aspects of the AI Agent's transformative financial model.
April 21st, Hong Kong

Is It a Dead Cat Bounce or the Bull Market Revival? How Do Traders View It?
Ceasefire Holding, Negotiations Near Agreement, Oil Price Retreats, Earnings Report Exceeds Expectations, Is This Rebound the Start of a Bull Market?

Why Can Bitcoin Rise Against the Tide of Turmoil?
When geopolitical conflicts escalate, Bitcoin strengthens due to its apolitical nature.

OpenAI and Anthropic, both pre-IPO, want to keep brawling
In this game of cat and mouse, who is reaping the benefits?

Entry is Revenue, Is YouTube Turning into a Neobank?
In the Era of Stablecoins, the Bank’s Boundaries Are Being Rewritten

NEET Reaches New High, Another Cultural Phenomenon of AI Meme
The 9-to-5 Life is a Scam

CROO officially releases the CROO Agent Protocol (CAP), building a decentralized business infrastructure for AI agents
CROO officially launched the CROO Agent Protocol (CAP) in the Base ecosystem today, providing AI agents with four core capabilities: identity, collaboration, settlement, and reputation, enabling autonomous intelligent agents to achieve commercial monetization and assetization.

Who is swimming naked, and who is breaking the waves? Analysis Report on the Comprehensive Ranking of Hong Kong Licensed Virtual Asset Trading Platforms (VATP)
The latest power ranking of 12 licensed crypto platforms in Hong Kong is out: HashKey and OSL firmly hold the top two positions, while the rising star EX.IO makes a strong comeback with RWA innovation, becoming the strongest dark horse. Click to reveal who is swimming naked and who is riding the wav...

Deconstructing RAVE Dealer Control Techniques
RAVE Extreme Control Warning: 96% of the chips are locked by whales, with contract positions exceeding spot, creating an epic short squeeze deadlock. Please be highly vigilant of the risk of OKX chain liquidations and the possibility of the manipulators closing in and crashing the market at any time...

70x in a Month: When $RAVE Put Istanbul’s Dancefloor on the Chain
A Web3 project with zero VCs and no whitepaper started with a midnight party for 200 people. Eighteen months later, its token $RAVE is up 70x, and its contract liquidations briefly eclipsed Ethereum’s. Is this just pure speculation, or are we looking at a new breed of cultural asset?

Bearish Traders Continue to Short Bitcoin | Rewire News Morning Update
Binance Perpetual Contract Funding Rate has been negative for 46 consecutive days, with open interest rising accordingly

Is Nasdaq About to Reach a New High, Is the Bull Market Back?
Almost all assets are up

Goldman Sachs Applies for Bitcoin ETF, Wall Street's Final Bastion Falls
Wall Street has no faith, only a ledger. When the number on the ledger is large enough, any faith will change.

Only Working 2 Hours a Day? This Google Engineer Got His Job Done Using Claude for 80% of It
One File, Three Commands, AI Will Not Replace Programmers, But Will Eliminate Those Who Cannot Set Up a System
The "PayPal Mafia" of the AI era, from an internship to a net worth of billions
Creating billion-dollar giants like Perplexity and Cognition: Unveiling the "new gang" of the AI era formed by former Olympic champions.
The Most Crypto-Knowledgeable Fed Chair in History: What Cryptocurrencies Does Kevin Warsh Hold?
He has been called Bitcoin's "good cop of policy," and now his holdings confirm his assessment.
X Launches Cashtag, Musk's Super App Most Concrete Landing
A "message in a bottle" product that was invented, stolen, and turned into a deposit gateway
Educational | How Can the Average Person Quickly Identify Token Rug Pull and Trading Strategy?
Following the whales is meaningless; understanding their intentions is what truly matters
Rhythm X Zhihu Event Guest Announcement, featuring experts from academia, institutions, and individuals covering all aspects of the AI Agent's transformative financial model.
April 21st, Hong Kong
Is It a Dead Cat Bounce or the Bull Market Revival? How Do Traders View It?
Ceasefire Holding, Negotiations Near Agreement, Oil Price Retreats, Earnings Report Exceeds Expectations, Is This Rebound the Start of a Bull Market?
