- Stoch RSI eyes 80 as XRP builds breakout pressure
- Whale wallets now hold over 20 percent of XRP
- ETF decision deadline adds fuel to XRP outlook
With XRP currently holding above $2.00, market attention is focused on a potential Stoch RSI crossover. Traders are watching for confirmation above the 80 level by month-end. Historically, such moves have preceded large rallies. With regulatory progress, ETF optimism, and rising on-chain signals, many are now asking: could it happen again?
ETF Momentum and Whale Activity Support Bullish Outlook
According to analysis prepared by Brave New Coin, XRP remains structurally bullish as Ripple’s legal battle with the SEC nears resolution. Both parties have submitted motions to dismiss remaining appeals, and Ripple is expected to pay a reduced $50 million settlement. CEO Brad Garlinghouse has linked this progress to shifts in regulatory leadership.
According to Kaiko Research, the SEC must respond to Grayscale’s XRP ETF application by May 22. Approval odds are rising, with Polymarket traders currently assigning a 78% chance. Institutional demand also continues to build, supported by Ripple’s recent $1.5 billion acquisition of brokerage Hidden Road, which processes $3 trillion in annual volume.
Whale behavior is confirming this optimism. Santiment data shows that wallets holding between 1 million and 100 million XRP now control over 20% of total supply. This accumulation trend reflects increasing institutional positioning as price consolidates above the $2.00 mark.
Technical Setup Builds Toward Potential Breakout
According to an observation by TradingView analyst Gun45, XRP is trading in a range between $2.05 and $2.22. The RSI is near oversold conditions, while MACD maintains a weak bullish crossover. Price is above the 200-day EMA, and short-term support at $2.05 has held multiple times.
Meanwhile, exchange inflows have surged to 55.6 million XRP, according to CryptoQuant. This could signal renewed trader interest or cautionary positioning. XRP derivatives open interest dropped by 2.75% to $3.29 billion, while spot volume decreased by 40%, suggesting a temporary slowdown.
If the Stoch RSI confirms a close above 80 before the end of April, traders may see a renewed rally. The last such crossover preceded a 22x surge. With XRP currently at $2.08, technical targets at $2.75 and $3.37 remain in focus.
