Good news for XRP fans! According to the latest data from CoinMarketCap, XRP, which ranks as the fourth-largest cryptocurrency by market cap, is currently hovering around $2.14. That’s a positive bump of 3.22% over the past day. After a dip on April 2nd, XRP has bounced back and is now enjoying its third day in a row of upward movement.

But what’s next for XRP? Well, analysts have different ideas. Some are optimistic, pointing to a potential climb up to the $2.50 to $3.00 range. Crypto analyst Ali, for example, suggests that if XRP can hold its ground above the $2 mark, we could see a 30% jump towards the channel’s upper limit at $2.60. On the other hand, it’s also possible that XRP might settle into a trading range between its 50-day and 200-day moving averages, which currently sit at $2.36 and $1.83 respectively.

And there’s more interesting news for XRP! Coinbase Institutional, a major player in the U.S. crypto scene, made headlines on Friday by announcing they’ve filed with the Commodity Futures Trading Commission (CFTC) to get the ball rolling on launching XRP futures contracts.

What on-chain data suggests

Looking at the on-chain data, courtesy of Glassnode, we can see some exciting activity around XRP. Address activity has jumped by a whopping 490%, and its realized cap has almost doubled! This points to strong interest from everyday investors.

In fact, when we look at the numbers since the low point in the 2022 cycle, the average number of active XRP addresses each quarter has skyrocketed by 490%. Compare that to Bitcoin’s modest 10% increase, and it’s clear that XRP has really captured the attention of retail investors, reflecting the general speculative mood in the crypto market.

Related

While both Bitcoin and XRP have shown similar price gains of around 5x to 6x from their lows, their journeys to get there have been quite different. XRP mostly traded sideways until December 2024 before suddenly taking off in a big way. This kind of price action is often seen as a sign of retail-driven speculation.

During this surge, XRP’s realized cap nearly doubled, climbing from $30.1 billion to $64.2 billion. That’s a significant influx of capital! Interestingly, about $30 billion of this increase came from investors who jumped in within the last six months, highlighting just how concentrated this retail-fueled rally has been in a short period.

However, it seems this rush of new money has started to slow down since late February 2025. This could indicate that the speculative excitement might be starting to cool off a bit.