Rumours, Rockets, and Ripple: Is XRP About to Moon or Just Pull a Bridget Jones?

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  • XRP ETF gossip sends crypto Twitter into meltdown 😱🍿
  • XRP looks lively, but don’t pop the celebratory prosecco just yet — market mood swings are legendary

Last week, XRP staged the kind of rebound that would make even my self-esteem envious: bouncing back from sub-$0.95 like it had just run into Mark Darcy at Tesco. Was it destiny? Romance? Nah, just some classic post-FUD shopping by traders who know how to spot a pre-loved bargain.

The timing was as subtle as a neon sign — right after Paul Atkins waltzed in as SEC Chair (confirmed on April 9, if you missed the memo). Suddenly, everyone’s chattering about regulatory plot twists, the SEC-Ripple soap opera, and the forbidden fruit of an XRP ETF… which, frankly, seems about as likely as Daniel Cleaver texting back.

Still, a little hope never killed anyone. Or did it? (Ask my diary.)

Stuff That’s Actually Happening, Supposedly

XRP is floating on a bubble of optimism: regulation might finally stop being cryptic (ha), and the ETF rumour mill is on overdrive.

On April 9, the U.S. Senate gave a knowing wink and confirmed President Trump’s mate Paul Atkins as SEC boss-in-chief. Word on the street? He’s crypto-friendly. Which — gasp — means the SEC might soon calm down and leave Ripple alone long enough for us to see some real drama.

Meanwhile, plot twist: Ripple and the SEC filed paperwork to “suspend” the endless appeals, pushing the next cliffhanger to just after April 16. Apparently, the SEC’s waiting for Atkins to find his desk chair before pulling their next move — probably to orchestrate some 3–1 voting magic in Ripple’s favor.

Cue market freak-out: XRP rockets up a “just-finished-dry-January” 14.28% in one day, smashing through the $2 mark like it’s had one too many. Not bad for a coin that had been feeling very Bridget-post-Christmas-party.

Sure, XRP is still nowhere near its $3.30 high from the “election euphoria” days, but hey, after years of being ghosted by the SEC, any news is good news, right?

Everyone’s Suddenly an ETF Expert

After all the ETF chatter: Open Interest (aka blokes with too much confidence) jumped from $2.87 billion to $3.26 billion, so everyone’s clearly piling in with borrowed cash and wild optimism.

Binance traders have gone long — like “I only had one glass” levels of denial long. Nearly 70% of open bets expect XRP to shoot up even more. Classic recipe for heartbreak, if you ask me.

Meanwhile, the short-term crowd who’d been sulking since $1.60 decided, “right, let’s cash in and buy something nice.” They offloaded when XRP poked above $2, probably to finance a summer holiday.

In the background, wallets with more than 10,000 XRP hit record numbers — just shy of 300,000. (Insert scene of high-rollers having a martini, shaken not stirred.)

Those chaps now make up more than 4% of all addresses, suggesting that “institutions” or people with commitment issues are getting serious. Presumably, they’re already picking out which yacht to buy if the ETF gets the green light.

So this is where the ETF hype train truly leaves the station. Rumours multiplied after the pro-crypto pivot at the SEC — and let’s be honest, it’s about time something exciting happened to XRP.

Yes, short-term volatility is looming, and the weak hands will probably be rattled out like last year’s resolutions. But if the numbers keep flexing and the SEC stays on its best behaviour, Q2 could get very interesting. Or — plot twist — it could all end in tears and chocolate. 📈🍫

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2025-04-16 02:23