XRP Price Prediction: XRP Bulls Watch $2.64 Breakout as Polymarket Bets on All-Time High Return

Fueled by a broader market rally, whale accumulation, and mounting Polymarket confidence in an all-time high return, the sentiment surrounding XRP has turned cautiously optimistic, despite lingering volatility and regulatory uncertainty.

Whale Accumulation and Exchange Reserve Spike Create Mixed Outlook

XRP’s price continues to hover near $2.44, supported by strong technical structures. Over the past week, large holders—commonly referred to as whales—have increased their exposure. According to Santiment data, investors holding between 10 million and 100 million XRP now account for 12.1% of the token’s total supply, up from 11.58% in mid-April. This increase in whale concentration typically signals growing institutional interest and confidence in XRP value.

XRP continues to trade within its channel, and a sustained move could lead to a breakout from the weekly triangle and a potential new all-time high. Source: Elenigma080 on TradingView

However, a sharp increase in XRP exchange reserves, particularly on Binance, may indicate short-term risks. CryptoQuant reports a rise from 2.7 billion XRP on May 1 to 2.9 billion XRP. Rising reserves often precede selling pressure as traders move assets onto exchanges. This dynamic introduces a note of caution to otherwise bullish momentum.

Technical Levels Signal Strength as Traders Target $2.64

Despite short-term choppiness, XRP has held above several critical moving averages. The 50-day EMA at $2.30, the 100-day EMA at $2.26, and the 200-day EMA at $2.06 form a solid support base. XRP’s recent low at $2.33 also aligns with an ascending trendline that traders are watching closely.

A stable move above $2.46 could signal a bullish breakout of the $2.64 resistance for XRP. Source: FenzoFxBroker on TradingView

If the price can break through immediate resistance at $2.48, the next upside targets become $2.55 and $2.64. Technical analyst Dark Defender suggests a potential surge to $3.33 in the near term, with longer-term projections extending to $5.85. However, a breakdown below $2.33 could expose XRP to pullbacks toward $2.28 or even $2.21.

“XRP is targeting $3.33 in the short term,” said Dark Defender in a recent post, “and is expected to fire the bullet, which will then likely flatten itself against the $5.85 parapet.”

Polymarket Bets on XRP All-Time High Resurgence

Adding fuel to the bullish narrative, traders on the decentralized prediction platform Polymarket have sharply increased their bets that XRP will revisit its all-time high of $3.3517. The odds jumped from 24% to 44% during May, reflecting rising optimism.

Polymarket traders have raised the odds of XRP returning to its all-time high of $3.3517 to 44% as of May 23. Source: Polymarket

Analyst Credible Crypto drew parallels between XRP’s current setup and Bitcoin’s recent parabolic rally, stating: “The chop/consolidation we are seeing on $XRP in the $2 range is not a cause for concern—the longer we chop in this tight range the more explosive the next leg up will be.”

Momentum from the broader crypto market, including Bitcoin’s recent surge past $109,000, appears to be trickling down to altcoins like XRP, which has gained 50% since April’s local low.

Institutional Developments Strengthen Long-Term Thesis

Ripple’s recent $1.25 billion acquisition of Hidden Road has unlocked access to over $11 trillion in daily U.S. Treasury clearing markets through the FICC. Although XRP itself won’t be directly used for settlement—Ripple’s enterprise-focused stablecoin RLUSD takes that role—the move significantly enhances Ripple’s institutional reach.

This development also highlights the growing utility of the Ripple ledger, which underpins XRP’s broader use cases in payments and liquidity provisioning. Further credibility could be added if rumored talks between Ripple and Circle, the issuer of USD Coin (USDC), result in a merger. That would make Ripple the second-largest stablecoin provider after Tether, indirectly boosting XRP’s ecosystem influence.

Meanwhile, speculation remains over whether the U.S. Securities and Exchange Commission (SEC) will approve spot XRP ETFs. Polymarket currently assigns an 85% chance of approval by year-end, with JPMorgan estimating inflows of $4–8 billion in the first year. The already-launched XXRP ETF has attracted $121 million despite a high 1.89% expense ratio.

XRP Lawsuit and Regulatory Overhang Remain in Focus

Despite bullish momentum, XRP lawsuit news continues to cast a shadow. The ongoing SEC Ripple lawsuit has not fully concluded, and lingering uncertainty over XRP’s regulatory classification still influences institutional participation.

XRP was trading at around $2.34, down 5.17% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin

Nevertheless, Ripple CEO Brad Garlinghouse remains optimistic. “We’ve always been committed to regulatory clarity, and the momentum is clearly in our favor,” he said earlier this month during a media briefing.

The XRP SEC lawsuits, while unresolved, have not derailed investor sentiment. Ripple XRP news continues to center on adoption, partnerships, and ecosystem growth, underscoring the token’s resilience amid legal headwinds.

Looking Ahead: Breakout or Consolidation?

While XRP’s price remains below the critical $2.64 breakout zone, strong technical indicators, whale accumulation, and institutional developments present a supportive backdrop. If volume confirms a move above $2.48, bulls may gain the momentum needed to test new highs.

Still, traders are advised to proceed with caution. A surge in exchange reserves and a rising RSI suggest potential near-term resistance or consolidation. But the long-term XRP price prediction remains bullish, with both fundamentals and sentiment pointing toward another attempt at the $3.35 all-time high—and possibly beyond.