XRP Holds Strong Support as XRPFi Sparks Renewed Interest

XRP continues to maintain key technical support levels as the broader crypto market faces uncertainty, largely driven by macroeconomic factors and expectations around major tech earnings. The latest buzz around XRPFi has been instrumental in supporting Ripple’s native asset, keeping prices buoyant amidst potential sell-offs elsewhere.

While Bitcoin has shown signs of a weakening uptrend — currently teetering near the $108,900 mark — XRP has demonstrated relative strength by securing its position above the significant 200-day simple moving average (SMA). According to data from TradingView, this level has acted as a crucial line of defense since early April, reinforcing bullish sentiment for XRP.

The resilience of XRP is particularly notable given the growing anticipation over Nvidia’s (NVDA) quarterly earnings and the release of the Federal Reserve’s minutes later today. Both events are expected to offer critical guidance for risk assets, particularly digital currencies that have shown sensitivity to macro-level shifts.

XRPFi Momentum Bolsters Ripple’s Token

The concept of XRPFi, or decentralized finance built on the XRP Ledger, has continued to gain traction, fueling optimism around the long-term utility of XRP. Projects such as Strobe Finance are leveraging Ripple’s EVM-compatible sidechain to build a vibrant DeFi ecosystem, positioning XRP as a viable player in the decentralized finance arena. According to Strobe, a staggering amount of XRP remains dormant across the network.

“Ripple’s community research shows more than 4 million XRPL wallets are inactive yet hold a total of $2.15 billion in XRP,” Strobe highlighted in a recent update. In contrast, only 1.7 million wallets are currently active. This points to a massive, untapped opportunity for deploying idle tokens for yield-generating DeFi applications.

This bullish narrative is echoed in XRP’s technical posture. Technical indicators now show XRP trading above both the Ichimoku cloud and the 200-day SMA, two critical supports in trend-following strategies. These zones have attracted consistent buyer interest and validated XRP’s strength in otherwise choppy markets.

Macro Headwinds Loom But XRP Shows Stability

In comparison, Bitcoin’s position appears less secure. It is hovering dangerously close to breaking below a key trendline that has defined its upward momentum since early April. Despite several positive headlines — including Circle’s IPO plans and Donald Trump’s initiative to raise $2.5 billion for Bitcoin acquisition through Trump Media — the flagship cryptocurrency has struggled to build on recent gains.

Adding to the mix is on-chain data from Glassnode that suggests influential BTC holders, those with over 10,000 coins, have shifted towards distribution. This change represents a significant adjustment in market dynamics, even though Glassnode notes that the overall crypto market remains in what it describes as “accumulation mode.”

All eyes are now on the next round of Fed policy insights. The upcoming minutes from the central bank’s May meeting are expected to shed light on future interest rate strategies, particularly as Fed Chair Jerome Powell recently cited trade tensions initiated by President Trump as a source of inflationary pressure. The mention of “stagflation” has sparked concerns among analysts, though a recent delay in new tariffs could moderate the tone of hawkish commentary.

Nvidia Earnings Carry Implications for Crypto

Meanwhile, Nvidia’s earnings call could serve as another catalyst for digital asset markets. Known for its strong correlation with Bitcoin, NVDA is expected to report robust figures driven by AI and data center demand. Any insights into its outlook for artificial intelligence demand — especially concerning market access in China — could ripple through crypto valuations. The tech giant’s success often conveys broader investor confidence in emerging technologies, which benefits digital assets like XRP by association.

Related: Expert Advice: Sell XRP If You’re Confused

In conclusion, while Bitcoin grapples with potential downside risks, XRP appears to be standing firm thanks to foundational support and an evolving narrative around XRPFi. The combination of technical strength, untapped liquidity on the XRP Ledger, and innovative ventures like Strobe Finance position XRP as a cryptocurrency to watch in the coming weeks.