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.

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)

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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Yasher Rizwan