XRP ETF Approval Delayed But Whale Activity Heats Up: $4 Target in Sight?

SEC Delays 21Shares Spot XRP ETF, Approval Expected Later in 2025

The SEC has delayed its decision on the 21Shares spot XRP ETF application, extending the review period to ensure compliance with regulatory requirements, a move consistent with delays on other altcoin spot ETF applications, including those for Grayscale’s XRP and Dogecoin . This delay, part of a broader pattern, involves formal proceedings and public comment solicitation, with analysts like Bloomberg's James Seyffart noting that the SEC typically uses the full statutory review period, making early XRP ETF approvals unlikely before late June or early July, with higher chances in Q4 2025. Despite these delays, growing institutional momentum and regulatory progress, such as the launch of regulated XRP futures, indicate a strong likelihood (around 83%) of at least one XRP spot ETF approval by the end of 2025, potentially broadening access to XRP through regulated products.

XRP Whale Activity Signals Accumulation and Anticipation of Regulatory Progress

Recent intense Ripple (XRP) whale activity reveals a mix of large-scale repositioning, potential institutional accumulation, and heightened market interest . Observed transactions include a 50 million XRP transfer between unidentified whale wallets, a 30 million XRP transfer to Coinbase that triggered a price dip, and Ripple-associated whales moving substantial amounts, such as a 370 million XRP transfer . Wallets holding between 10 million and 100 million XRP increased their holdings by 880 million tokens from April to early May, signaling confidence among large investors, further supported by regional demand, particularly from South Korea . These movements, occurring as XRP holds above $2.30, suggest active management of positions by major holders, possibly anticipating regulatory progress and ETF developments

Resistance and Support Analysis
The immediate resistance level for XRP is around $2.65, and a breakout above this level will push prices higher to $2.80/$3/$3.40/$4. Any breach above $4 confirms further bullishness, a jump to $5. On the downside, immediate support lies at $2.25 any break below targets $2/$1.60, $1.27, $1.00, $0.85, and $0.74.

CCI(50)- Bearish

Directional Movement Index - Neutral

Trading Strategy Recommendation

It is good to buy on dips around $2.25 with SL around $1.60 with SL around  $4.