XRP Hits $2.13: Is This the Start of a Crypto Fairytale? 🚀

Ah, XRP. The cryptocurrency that refuses to be ignored, like a persistent mosquito on a summer night. According to CoinMarketCap, it’s now trading at $2.14, up 3.22% in the last 24 hours. Since its little stumble on April 2, it’s been strutting like a peacock, aiming for its third straight day of gains. 🦚

If $XRP can stay above the key $2 level, a 30% move toward the channel’s upper boundary at $2.60 could be next!

— Ali (@ali_charts) April 5, 2025

Analysts, those modern-day fortune tellers, are divided. Some predict a rise to $2.50-$3, while others, like Ali, suggest a 30% jump to $2.60—if XRP can keep its head above $2. On the flip side, it might just keep bouncing between $2.36 and $1.83, like a ping-pong ball in a never-ending match. 🏓

In a move that could either be genius or madness, Coinbase Institutional announced on Friday that it’s seeking CFTC approval to launch XRP futures contracts. Because, why not? 🤷‍♂️

What on-chain data suggests

Glassnode reports that XRP’s address activity has surged by 490%, and its realized cap has nearly doubled. Aggressive retail interest? More like a stampede of bargain hunters at a Black Friday sale. 🛒

Since the 2022 low, daily active XRP addresses have grown by 490%, compared to Bitcoin’s measly 10%. XRP has clearly captured the hearts of retail investors, who are probably dreaming of Lamborghinis and early retirements. 🚗💨

While Bitcoin and XRP have both risen 5x to 6x from their lows, their paths couldn’t be more different. XRP was the quiet kid in the corner until December 2024, when it suddenly exploded like a firework. 🎆

During this surge, XRP’s realized cap nearly doubled, from $30.1 billion to $64.2 billion. About $30 billion of that came from investors who jumped in over the last six months. But since late February 2025, the money flow has slowed, suggesting the party might be winding down. 🥳➡️😴

2025-04-05 18:52

What on-chain data suggests

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