Top Analyst Identifies ‘Great Accumulation Zone’ for Ripple (XRP) as Fundamentals Align for Next Leg Up
Ripple (XRP) price has seen a 10% pullback from its recent local high three days ago. While this retracement might seem discouraging to some traders, analyst @CryptoVirtuos on X believes this is actually one of the best moments to accumulate XRP before the next major push.
According to him, the current consolidation area is what he calls “a great accumulation zone,” and the overall structure remains bullish, especially as Bitcoin looks primed to retest its all-time highs.
XRP Price Finds Key Support Near $2.35 Zone
In the chart shared by Crypto Virtuos, we see XRP breaking out from a resistance zone around the $2.35 mark in early May. That breakout was confirmed with higher volume and a strong daily candle, pushing the XRP price as high as $2.65.
However, the price quickly pulled back in the last few days, retesting the same $2.35 level which now acts as support. This flip of resistance into support is a common technical behavior during healthy uptrends, and the fact that XRP has not collapsed below this level suggests buyers are still in control.
There’s also a clean ascending triangle visible on the chart from late April to early May. That formation broke to the upside and now looks like it is being retested from above.
If XRP can hold above the $2.35 to $2.40 range, there’s a strong chance the next bounce could attempt another run toward the $2.80 and even $3 mark. Crypto Virtuos expects a breakout toward $3 soon, especially if Bitcoin price continues climbing.
Institutional Demand for XRP Ramps Up Ahead of CME Futures Launch
Beyond the chart, there’s growing bullish sentiment coming from the fundamentals too. According to a post by @UpholdInc, the CME Group is scheduled to launch XRP futures on May 19, pending final regulatory approval.
🗓️ Here’s your #XRP Report for the week:
💼 CME Group to Launch XRP Futures on May 19
🔹 CME Group is set to launch $XRP futures on May 19, pending regulatory approval.
🔹 This marks a major step toward institutional adoption of XRP, offering new tools for both hedging and… pic.twitter.com/i0pHj3wXSq
— Uphold (@UpholdInc) May 17, 2025
This development marks a major milestone for Ripple as it opens the door for institutional capital to flow into XRP with better risk management tools. The XRP futures contracts will be cash-settled and come in two sizes: 2,500 XRP (micro) and 50,000 XRP (standard).
Giovanni Vicioso, the Global Head of Crypto Products at CME Group, mentioned that both institutional and retail demand for XRP has been rising steadily. With daily trading volume averaging $11.3 billion notional and open interest at nearly $22 billion, CME is positioning XRP among the top-tier altcoins with institutional backing. That level of interest hasn’t been seen since 2021 and could become a huge catalyst for the next leg up in the XRP price.
Read Also: Crypto Analyst Warns: Don’t Chase Ethereum Just Yet Despite Massive Whale Accumulation
Many in the crypto space see the CME futures launch as a clear signal that Ripple is finally being taken seriously by mainstream financial players. If this momentum continues, it could help XRP regain its $3 highs and potentially explore new all-time highs later in the cycle.
For now, traders are watching the $2.35 support area closely. If XRP continues to consolidate above this zone, and Bitcoin holds or pushes higher, XRP could soon return to the spotlight with a powerful upside move.
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