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Cryptocurrency News Articles
After a Lengthy Downtrend, XRP Now Shows Multiple Bullish Signals
May 21, 2025 at 02:16 pm
XRP (XRP) price prediction for May 21: Is consolidation hinting at a breakout or breakdown?
After a lengthy downtrend, XRP now shows multiple bullish signals. Its on-chain fundamentals turned sharply positive, and the cryptocurrency is currently consolidating just below key Fibonacci resistance, fueling talk of a significant price breakout.
Some market analysis, including points from a Messari report highlighted on their X account (@MessariCrypto), suggests the digital asset could be setting up for a move above $3, and possibly even toward the $5 mark.
State of XRP Ledger Q1Key Update: Ripple acquires global prime broker Hidden Road, positioning XRP Ledger for institutional adoption and expanded DeFi capabilities.QoQ Metrics 📊• Daily active addresses ⬆️ 142%• Average daily CLOB volume ⬆️ 74%• RLUSD market cap on XRPL… pic.twitter.com/miW3PtZz6z
XRP Fundamentals Shine: Q1 Market Cap Gains, Active Addresses Soar 142%
According to Messari’s report, XRP was one of the few major cryptocurrencies to post market cap gains in Q1 2025, rising 2% quarter-over-quarter. This stands in stark contrast to the broader crypto market, which saw Bitcoin, Ethereum, and Solana shed over 20% each during the same period.
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