Buoyed by renewed political support and increased investor confidence, XRP is holding strong above key technical levels, reigniting speculation about a macro rally that could see the token challenge—and potentially surpass—the $10 mark in the coming months.

Trump’s Softened Stance on Powell Revives Risk Appetite

The latest uptick in XRP price follows a shift in tone from U.S. President Donald Trump, who recently clarified that he has “no intention of firing” Federal Reserve Chair Jerome Powell. This reversal comes after weeks of criticism directed at Powell for not acting quickly enough to cut interest rates.

Trump reassures markets with his support for Powell, sparking positive sentiment across the broader crypto market. Source: Spencer Hakimian via X

“Never did. The press runs away with things. No, I have no intention of firing him,” Trump told reporters, easing fears of instability at the helm of the central bank.

Trump’s call for proactive rate cuts sparked a rally across the crypto market, with Bitcoin, Ethereum, and Solana all gaining momentum. Ripple (XRP) joined the rally, recovering to $2.23 and now eyeing the $3 psychological barrier. Analysts suggest that this shift in tone from the White House has helped stabilize the broader financial markets, encouraging traders to re-enter riskier assets, including XRP.

Whale Accumulation Signals Long-Term Confidence

XRP is becoming more powerful because large investors have more faith in it. Data indicates that addresses with between 10 million and 100 million XRP now constitute 11.83% of the overall supply, an improvement from 10.91% at the beginning of this month. Even larger investors, with over 1 billion tokens, have increased their holdings to 39.37%.

XRP network activity surged 67.5% as active addresses climbed from 27,352 to 40,366. Source: Ali Martinez via X

The consistent rise indicates that institutional investors believe in the long-term worth of XRP. They could be hoping to come out victorious in the ongoing XRP lawsuit against the United States Securities and Exchange Commission (SEC Ripple case). Ripple market responds very rapidly to updates concerning regulations, and any positive news concerning the XRP SEC case can result in a significant price surge.

Exchange Inflows Plunge, Reducing Sell-Side Pressure

The exchange of traffic data is positive. XRP exchange inflows have declined considerably, falling from 2.7 billion tokens at the beginning of the year to just 74 million today. Less desire to sell is a positive sign and is in favor of a “hold” sentiment in the market.

The biggest exchange by volume, Binance, has had a distinct dip, with more individuals withdrawing XRP. There will be less to sell, keeping XRP at its level and building power to climb even higher.

Technical Indicators Support Bullish Case

XRP is presently trying to overcome resistance at around $2.22, just where the 50-day and 100-day Exponential Moving Averages (EMAs) converge. The Relative Strength Index (RSI) currently trends upward at 56.61, indicating growing bullish momentum.

XRP appears to be exiting the Wyckoff Spring phase, signaling a potential major markup ahead. Source: Prophecy_Trading on TradingView

Derivatives data from Coinglass reveals a 20% spike in open interest over the last 24 hours, reaching $3.89 billion. The long-to-short ratio of 1.0243 implies a slight bias toward long positions, indicating traders expect XRP to climb higher. However, analysts caution that a failure to close above these key EMAs could lead to a short-term correction back to $2.00 or even the 200-day EMA at $0.96.

Elliott Wave Patterns Point to $10—And Beyond

Technical analyst Casi Trades has applied Elliott Wave Theory to XRP’s recent price movements, suggesting the asset is on the cusp of entering Wave 3—typically the most explosive phase in a bullish cycle. The analyst highlights $1.90 and $1.55 as key support levels that must hold for the next leg up to begin.

XRP must break above the $2.26 resistance to confirm the next bullish phase. Source: TheSignalyst on TradingView

Using Fibonacci extension levels, Casi predicts XRP could hit $6.50 at the 1.618 extension, $9.50 at the 2.618 level, and potentially exceed $12 if Wave 3 unfolds as expected.

Adding to the optimism, another analyst known as “Papa” believes XRP is forming a similar pattern to the one observed before its meteoric rise in 2017–2018. “XRP is screaming higher,” Papa stated, pointing to a parallel channel structure and a potential breakout above the $3 resistance that could set the stage for a run toward $14.

Mixed On-Chain Signals Caution Bulls

Despite the promising signs, not all indicators are bullish. Network activity on the Ripple Ledger has slowed significantly, with active addresses dropping from over 600,000 in March to just 36,000 in mid-April. This decline hints at reduced transactional demand, which could temper short-term optimism.

Still, the broader Ripple crypto ecosystem continues to expand its partnerships and use cases. Ripple news has recently highlighted ongoing collaborations with major financial institutions, including speculation around Ripple Bank of America ties, which could further strengthen XRP value in the long term.

Outlook: XRP Price Prediction Eyes $10 Macro Breakout

As it stands, XRP price is showing resilience and gathering bullish momentum amid a favorable political climate and increased whale accumulation. Technical indicators support the idea of a breakout, while historical chart patterns hint at much higher targets—some pointing toward the $10–$14 range.

Ripple (XRP) is trading at around $2.27, up 8.15% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin

However, for XRP to sustain this rally and reach new highs, it must overcome the $3 resistance level decisively and maintain support above key EMAs. Market participants will also be closely watching developments in the Ripple lawsuit, as any positive resolution could accelerate XRP’s path to double-digit prices.

With the combination of macroeconomic shifts, investor confidence, and historical precedence, Ripple XRP news is once again in the spotlight—this time with $10 firmly in sight.