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Lunam Points
The weekly rebound in XRP of its levels below $ 0.95 was launched by a high impact FUD. However, it would seem that it is a calculated reactive game, rather than a random opportunistic trade.
In fact, the movement coincided with a wider rotation of feelings after the major regulatory titles. More specifically, the confirmation of Paul Atkins as president of the Securities and Exchange Commission of the United States (SEC) on April 9. Needless to say, it has intensified Market speculation on a potential change in the position of the Commission, in particular with regard to the long -standing and Ripple case.
This is not all, however, because it also raises the hope of a long -awaited approval of a fund exchanging in exchange XRP (ETF).
The XRP market remains supported by growing optimism surrounding the regulatory clarity and the potential of an ETF focused on XRP.
On April 9, the American Senate confirmed the appointment by President Trump of Paul Atkins as president of the SEC. Atkins is largely perceived as crypto-friendly, increasing the probability of regulatory de-escalation.
Adding fuel to the story, the dry and Ripple jointly filed jointly to suspend the current appeal, pushing the deadline of “response” of Ripple beyond April 16.
Consequently, market analysts believe that the SEC could delay the action until ATKINS is officially sworn, potentially paving the way to a vote of 3 to 1 in favor of the withdrawal of the appeal.
The market response was immediate. After the new XRP, the Altcoin jumped 14.28% in a single day, pushing XRP above $ 2 after three consecutive days of pressure downwards.
Source: tradingView (XRP / USDT)
Despite the trade of more than 30% below its post-electoral peak of $ 3.30, these recent developments could considerably resolve the prospects for the evaluation of Altcoin for T2.
Following the catalyst focused on XRP newspapers, open interests (OI) increased from $ 2.87 billion to $ 3.26 billion, reporting a sharp increase in leverages.
In binance, long positions represented almost 70% of the XRP / USDT perpetual market, highlighting a strong directional bias towards a new increase.
Meanwhile, short -term holders (STH <155 days) left the prolonged capitulation phase in which they entered after the drop to $ 1.60. This cohort seems to have strategically discharged the positions to lock the profits from the January Rally of XRP, which culminated nearly $ 3.30.
And, the good news? The number of addresses with more than 10,000 XRP has reached a record level, approaching the historic brand of 300K.
Source: Glassnode
This cohort now represents approximately 4.28% of all XRP addresses – indicating an increasing concentration of high holders and a possible institutional building under the surface.
This is precisely where the funds negotiated on the stock market (ETF) enter the conversation.
The speculation of the FNB linked to XRP is heating, in particular following the pro-Crypto lag at the dry. Combined with the growing institutional imprint of XRP, the case of an ETF has never been more credible.
Consequently, short -term volatility, motivated by weak antics, is to be expected.
However, these underlying measures will be essential. First, so that XRP can capitalize on narrative change and subsequently, feed an optimistic Q2 trajectory.