XRP and Bitcoin Climb as Ripple-SEC Resolution Nears, ETF Demand Grows

Key Highlights:

• XRP rises 1.08% as Ripple releases a strong Q1 2025 report.
• Teucrium’s 2x Long Daily XRP ETF debuts with $5M in volume.
• SEC may vote to finalize Ripple settlement and appeal withdrawal on May 8.
• Bitcoin surges to $96,845 amid renewed U.S.-China trade optimism.

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XRP Rises Amid Ripple-SEC Settlement Buzz

XRP saw modest gains on Tuesday, May 6, climbing 1.08% to $2.1549 as investors reacted positively to Ripple’s Q1 2025 Markets Report. CEO Brad Garlinghouse confirmed Ripple’s acquisition of Hidden Road and indicated that the long-standing SEC lawsuit was approaching resolution. Ripple also announced the end of quarterly XRP reports, citing misuse of past reports by regulators.

Key Takeaways from Ripple’s Report:

• Ripple and SEC agreed to end the lawsuit, pending a Commission vote.
• Proposed settlement includes vacating the injunction and reducing the fine from $125M to $50M.
• Ripple acquired Hidden Road for $1.25B to support XRP Ledger adoption.
• Teucrium launched a 2x Long Daily XRP ETF with $5M in trading volume.

Investor focus now shifts to the SEC’s closed meeting scheduled for May 8, where commissioners are expected to vote on the Ripple settlement and appeal withdrawal. A formal decision could impact XRP’s ETF potential and long-term price outlook.

XRP Technical Outlook:

• Support: $2.10
• Resistance: $2.50 (next key level), $3.00 (potential breakout), $3.55 (ATH retest)

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Bitcoin (BTC) Surges as Trade Optimism Returns

Bitcoin rallied 2.19% on May 6 to close at $96,845, benefiting from improving sentiment around U.S.-China trade relations. China’s Commerce Ministry confirmed intentions to re-engage with Washington, easing investor fears of prolonged trade tensions.

Meanwhile, gold prices fell nearly 2% as capital rotated into risk assets. Despite this, Bitcoin continues to receive strong institutional inflows through spot ETFs, particularly BlackRock’s IBIT fund.

Spot ETF Flow Data (May 5-6):

• IBIT (BlackRock): $531.2M net inflows
• GBTC (Grayscale): $89.9M net outflows
• ARKB (ARK 21Shares): $16.1M net outflows
• Total net inflows since April 7: $4.45B

Bitcoin Technical Levels:

• Bullish Target: $100,000
• Bearish Risk: Drop below $90,000 on trade tensions or ETF outflows

Legislative Support Adds to Momentum Senator Cynthia Lummis reintroduced the Bitcoin Act, calling for the U.S. to acquire 1 million BTC over 5 years. On May 6, New Hampshire became the first state to approve crypto investment for public funds, while Arizona vetoed a similar proposal.

What to Watch:

• Ripple-SEC legal updates
• BTC ETF net flows
• Global economic data and Fed policy direction
• Legislative developments like the Bitcoin Act

XRP and Bitcoin continue to gain traction amid regulatory clarity, rising ETF interest, and macroeconomic shifts. A favorable SEC decision could propel XRP higher, while continued ETF inflows and pro-crypto policy tailwinds may push BTC toward six figures.

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