Alderoty Flags XRP Clarity Win as Spot Demand Lifts May Price

Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Alderoty says SEC’s dropped appeal marks shift toward clear crypto policyXRP price holds $2.20 in May as whales continue buying through volatilityRSI and Bollinger Bands show momentum building for XRP to retest $2.30Ripple’s Chief Legal Officer, Stuart Alderoty, recently shed light on the United States Securities and Exchange Commission’s (SEC) abandoning its appeal against Ripple back in March 2025.Speaking at a “Crypto In One Minute” session shared via Ripple’s official channels, Alderoty noted that the SEC’s move signifies a broader realization that enforcement actions cannot be effectively pursued without clear regulatory frameworks for crypto in the U.S.. He stressed the absence of established laws governing the cryptocurrency space in the US, stating that the focus will now shift towards collaborating with Congress to establish “smart crypto regulation” that protects consumers, market integrity, and fosters innovation. Market Dynamics Shift: Spot Demand Driving XRP Rally?Market analyst Dom pointed out a key change in XRP market behavior compared to previous cycles starting around 2020. Dom noted that historical XRP price peaks often saw the perpetual futures market leading spot prices; a sign of speculative, leverage-driven bubbles prone to sharp corrections.In contrast, market data from early 2025 reveals an XRP “spot premium,” where the spot market price trades higher than futures. According to Dom and analysis reported by sources like Cointelegraph, this suggests the current price strength is underpinned by genuine spot buying demand, indicating a more stable rally than past speculative surges.Whale Accumulation Persists Through VolatilityMoreover, data from Glassnode indicates a consistent increase in the number of XRP addresses holding at least 10,000 XRP since late November 2024. This accumulation by larger holders (“whales”) often signals conviction in an asset’s longer-term prospects.Notably, this whale accumulation trend continued even as XRP experienced a significant 35% price pullback between January and April 2025, indicating a strategic XRP accumulation rather than short-term speculation. And since this period of increased accumulation began in late November 2024, XRP’s price has rallied by approximately 350%.XRP Technical Analysis (Early May 2025)From a technical standpoint, XRP was trading around $2.21-$2.23 as of early May 3, 2025. The price is currently testing support near the 20-day Exponential Moving Average (EMA) around the $2.18-$2.20 level. Failure to hold this level could see prices revisit the $2.00 psychological mark. As per the chart below, the RSI is currently at approximately 53.85. An RSI above 50 generally indicates bullish momentum, suggesting that buying pressure is currently outweighing selling pressure. However, the RSI is not yet in overbought territory (typically above 70), implying there might be room for further upward movement.Meanwhile, the Bollinger Bands show that the upper Bollinger Band is around 2.3059, the middle Band (20-day SMA) is at 2.1649, and the lower Bollinger Band is at 2.0239. Currently, XRP is trading above the middle Bollinger Band, which is often seen as a bullish signal and a retest of $2.3 is likely.Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.Source link