While Meme Coins Faded, XRP and HBAR Quietly Built Utility

While much of crypto Twitter has gone silent on hyped-up meme coins and trendy Layer-2 tokens, big utility projects like XRP and HBAR have quietly kept building

While crypto Twitter is buzzing with hyped-up meme coins and trendy Layer-2 tokens, a few big utility projects have quietly been forming deals, partnerships, and preparing for something much bigger behind the scenes.

Crypto analyst Vincent Van Code says that XRP could play a major role in fixing one of the biggest problems in global finance: liquidity. He compares the XRP Ledger (XRPL) to a surgeon’s scalpel — a powerful tool that’s only valuable in the right hands. And right now, it seems like the right players are getting into position.

“The hype over memecoins and L2/ERC20 tokens has largely fizzled out, while bigger projects like HBAR and XRP have quietly been securing partnerships and building real utility for long-term success. These big companies don’t rely on retail, all tokens that exchange hands in substantial volumes are done via dark pools/OTC,” said Vincent.

Also Read: Analyst Explains Why Stellar Lumens (XLM) Is Poised For A Massive Price Rally

When could XRP hit $1,000?

The real question isn’t if XRP can hit $1,000, but when. For that to happen, Ripple would need to secure a major share of the cross-border payments market and position XRP as a global reserve currency. It seems like a far-fetched goal, but one that could help solve two of the financial world’s biggest issues: liquidity shortages and the risks of endless money printing.

Instead of constantly creating new dollars, networks like XRP could inject liquidity into the system in a smarter, more sustainable way. That’s where assets like RLUSD and XRP could shine.

Recent data from Tokenview shows the XRP Ledger processing over 1 million payments between accounts in early May 2025. This indicates that despite the market volatility, big players are engaging with XRPL.

Also Read: Despite May 1 Dump, This Analyst Predicts Stellar Lumens (XLM) Could Hit $5

What about XRP’s price? (Short-term)

Analyst Steph Is Crypto says that XRP is currently retesting a major upward trend line. If it holds this level, it could be the beginning of a significant price move. If it slips below $2, there might be a quick dip before a bounce back. Interestingly, the RSI (Relative Strength Index) recently broke above a key trend line, similar to what happened before a 600% rally in 2024.

If this plays out the same way as the last time the RSI broke out of a major trendline, we could be looking at a 600% price increase from here.

The last time the RSI on XRP broke out of a major trendline, it went up 600% in the following months.

But that's not all...

The price is also testing a major fib level and trendline. If it holds here, we might see a big move up. If it breaks this level, we might see a quick drop to the next fib level, where we can expect a bounce.

Finally, keep an eye on the lower timeframe for optimal entry and exit points.

As always, trade at your own risk and never invest more than you can afford to lose!

Analyst XForceGlobal remains bullish, stating that as long as XRP stays above $1.60, the uptrend is intact and a new all-time high could be in the works.

At the time of writing, XRP is trading around $2.18, up 1.4% in the past 24 hours.