XRP news today: XRP Surges 7% Amid ETF Rumors, Active Addresses Drop 88%

XRP has seen a 7% increase over the last week of April, setting the stage for potential significant movements in May 2025. Key metrics such as the Net Unrealized Profit/Loss (NUPL) and active addresses indicate a market at a critical juncture, with both optimism and caution in the air. The NUPL for XRP is currently at 0.73, placing it in the “Belief – Denial” stage of the market cycle. This stage suggests that while there is confidence in price increases, there is also a risk of denial if momentum weakens. The NUPL has risen from 0.68 three weeks ago to 0.73 today, indicating that long-term holders are seeing larger paper gains. However, the market could soon face a critical moment where either continuation or a correction emerges.

Rumors about an SEC-approved spot XRP ETF have added to market volatility. In reality, only ProShares’ leveraged and short XRP Futures ETFs were approved to begin trading on April 30. A true spot ETF has not been approved. While the futures approval is seen as a positive step for XRP’s long-term legitimacy, the spread of false information has damaged investor confidence and created unnecessary instability. Despite this, some experts predict that a future spot ETF could eventually drive up to $100 billion in capital inflows into XRP. However, until that happens, volatility driven by rumors and miscommunication remains a major risk for the token.

XRP’s 7-day active addresses have dropped significantly, currently at 147,000, compared to their all-time high of 1.22 million reached on March 19. This steep decline reflects a broader cooldown in network activity after the massive surge seen earlier this year. Monitoring active addresses is crucial because it offers real-time insight into user engagement, transaction volume, and overall ecosystem health. Lower address activity often signals waning interest, reduced transaction flow, and a softer foundation for sustained price growth. Since April 1, XRP’s 7-day active address count has consistently stayed below 200,000, reinforcing that user activity has yet to recover fully. While the drop does not necessarily mean a major price collapse is imminent, it highlights a critical point: strong rallies are often backed by growing network participation. Without a meaningful pickup in active addresses, XRP could struggle to maintain momentum or ignite a new bullish phase soon.

The final approval of a Spot XRP ETF could become a major catalyst for the token’s price. It would potentially unlock significant institutional inflows. Recently, the world’s first XRP ETF began trading in Brazil. Experts predict that, if real demand follows the approval like it did with Bitcoin, XRP price could rally sharply. The next major upside target is $3.40, representing a 49% increase from current levels. This move would be driven by fresh inflows, greater mainstream acceptance, and a tightening supply as more investors gain direct exposure through regulated channels. On the downside, if momentum fails to recover and a strong downtrend takes hold, it could face a sharp correction. A break below the psychological $2.00 level would expose the token to deeper losses, with the next major support around $1.61. Such a move would imply a 29% drop from current prices, reflecting a scenario where optimism around ETFs fades and selling pressure takes over. In this case, XRP could remain stuck in a broader consolidation or bearish phase until stronger catalysts appear.