Ripple (XRP) Retail Demand Surges 29% Amid Institutional Speculation

6 months ago 30

February 17, 2025 by Bena Ilyas

XRP’s retail demand jumped 29%, with active addresses rising from 24,272 to 33,801 by February 15.
XRP surged 22% in five days, hitting $2.84 on February 15, surpassing BTC and ETH gains.
Analysts predict XRP may target $3.00 soon, with long-term projections reaching $15–$17.

XRP’s retail demand has surged by 29% as speculation mounts over potential institutional accumulation. The SEC’s acknowledgment of XRP ETFs triggered a 30% rise in trading volume within the first hour. On February 16, 2025, crypto analyst John Morgan reported a 29% increase in active addresses interacting with the XRP Ledger, reflecting growing investor participation.

Major exchanges such as Binance and Coinbase recorded heightened trading activity, further solidifying XRP’s position as one of the most actively traded cryptocurrencies. Alongside this surge, XRP’s price witnessed a sharp increase, reaching $2.84 on February 15, 2025, marking a 22% gain over five consecutive trading days, outperforming Bitcoin (BTC) and Ethereum (ETH).

Retail Traders Drive XRP’s Bullish Momentum

On-chain analytics firm CryptoQuant highlighted the surge in XRP network activity. The number of active addresses interacting with the XRP Ledger rose by 29%, climbing from 24,272 on February 5 to 33,801 on February 15. Historically, such increases in active addresses correlate with growing retail participation and a strengthening support base.

This uptick in transactions suggests that the rally is not merely speculative but is driven by a broad user base. Heightened transaction activity supports XRP’s price surge, potentially preventing an abrupt market correction. With a firm support level, XRP may sustain its gains even as initial excitement over regulatory acknowledgment begins to settle.

Analysts point out that if XRP sustains its momentum and reached out the $2.77 resistance level, it could target the $3.00 psychological threshold. However, if selling pressure intensifies, XRP may consolidate within the $2.60–$2.80 range. In the event of a sustained bull run, analysts, including Egrag Crypto, predict a possible surge to $15–$17 in the long term.

XRP Hits $2.84 Amid Strong Uptrend

Major cryptocurrency exchanges, including Binance and Coinbase, have recorded heightened XRP trading activity. The increasing volume suggests a growing mix of retail and institutional interest. With the SEC’s acknowledgment of an XRP ETF, speculation over institutional accumulation has strengthened, adding fuel to XRP’s bullish trend.

The XRP price chart highlights a strong uptrend, with the asset climbing from an opening price of $2.40 on February 10 to a peak of $2.84 by February 15. The impressive rally has propelled XRP’s market capitalization above $155 billion. Five consecutive daily green candles reinforce the notion that demand remains robust even as overall market sentiment stabilizes.

Historically, sustained bullish movements like this indicate an extended upward phase. If momentum holds, XRP could see further upside potential, with resistance levels forming near $3.00. However, traders will monitor whether the market can maintain support levels amid potential profit-taking. The coming days will determine if XRP’s bullish momentum can be sustained.

Read Entire Article