XRP on the Brink: Bulls, Bears, and a Brawl at $2 🤼‍♂️

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It’s Monday, the sort that carries a heavy sky and the scent of burnt coffee, and somewhere beneath all that, XRP squats at $2.1639. Its price dances in a muddy patch between $2.1704 and $2.1318, like a tired mule fenced in a paddock made of weary hopes. The $2 line is no small thing here. For traders, it’s less a number and more a prayer, a makeshift lighthouse—one that’s probably seen better days and has seagulls using it for target practice.🐦

But the wind has changed; the mood has soured like Sunday leftovers and derivatives gamblers can smell the rot. Most are betting this show pony will trip before it trots.

Table of Contents

XRP price prediction 

On April’s dying breath, XRP clawed out of a rut, chasing dreams up to a high fence at $2.39—a resistance called R1 in those fancy candlestick charts city traders love. Right now, XRP finds itself stuck beneath $2.50—a real heartbreak for anyone wooing Fibonacci’s ghost. Fifteen percent down from the real action, and everyone’s watching, some with popcorn, some biting nails.

The charts—they say what they always say, waving green bars and numbers around like salvation. The RSI sits above neutral, at 54, and the MACD is flashing all sorts of promise, but a promise is easy to make when you’re a line on a graph 📈. “$3 in May 2025!” they shout, and maybe it will, maybe it won’t. If XRP can get even a toe above those blasted resistance points, we’ll see if it climbs or just slips back in the mud.

XRP derivatives data analysis 

Out where the big money plays, the numbers tell their own sour story. Coinglass reads: volume up 24% in the last twenty-four hours, but open interest—well, it’s moping around, down less than 1%. The long/short ratio couldn’t scrape its way past 1, which is trading-speak for “nobody’s bullish, but nobody wants to admit it at the party.”

If you like gambling with loaded dice, here’s a kicker: $5.24 million in liquidations in a single day, and $4.89 million of those were long positions. The bulls got their horns clipped. Shorts picked their pockets and walked away whistling. Even the market looks like it needs a drink 😅.

On-chain analysis and prediction

Way down where the whales roam (not the kind with blubber, the kind with bling), things are quieter. Less swagger, fewer big-money moves over $100,000 or even a million. Whale transactions shrinking is the crypto universe’s way of saying, “Nothing to see here, folks, move along.”

Except, suspiciously, the funding rate turned positive after two dark days of negatives at April’s death, and that’s supposed to mean there’s hope. Maybe. If you believe green bars mean demand and not just a fluke. Anyway, nobody ever went broke underestimating the optimism of traders. 🙃

SEC vs. Ripple lawsuit- Tying loose ends

Meanwhile, lawyers—never ones to leave a party early—are slow-dancing with deadlines. The SEC v. Ripple lawsuit has all the urgency of a tortoise on a hot day, deadlines slipping from April 16 to June 15. The XRP ETF filing, too, has been nudged down the road to June 17, because nothing says “progress” like everyone waiting together in regulatory limbo.

Bill Morgan, a lawyer whose followers must be very patient people, called the timing “potentially strategic.” You must admire optimism like that. He sees a bullish future. Or maybe he just likes the sound of his own legalese echoing on X (Twitter, for the non-converted):

Oddly, the delay of the ETF approval to 17 June 2025 is to a date that falls just after the expiry of the 60 day period by which a status report must be filed by the SEC in the SEC v Ripple appeal pursuant to the court order dated 16 April 2025.

— bill morgan (@Belisarius2020) April 30, 2025

Expert commentary

Forest Bai, co-founder of Foresight Ventures and breaker of crypto dreams, says XRP isn’t about to become digital gold. “Payment protocol,” he says, wagging a finger, “not store of value.” If XRP were a horse, it’d be good for parcels—not for the Kentucky Derby.

“I believe XRP is unlikely to become digital gold due to its primary design as a payment protocol, not a store of value like gold. Its centralized structure and regulatory challenges further limit its potential to achieve gold-like status.”

And Dan Tapiero—who’s seen it all—points out that the XRP crew has been through the ringer. He’s bullish on their ETF dreams. Maybe he likes underdogs. Or maybe he thinks lawyers need something to do. Either way, XRP isn’t going quietly. Not just yet. 🥊

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2025-05-05 09:46