Investing

Bitcoin Pepe and XRP: two coins looking to make big moves

The cryptocurrency market remained resilient on Sunday despite a modest pullback in overall market capitalization.

The global crypto market cap stood at $2.98 trillion, down 0.73% over the past 24 hours.

Bitcoin held steady above the $95,000 mark, while Ethereum hovered above $1,800.

In this market, investors are increasingly focused on two projects with the potential for a sharp move.

XRP is flashing bullish signals amid renewed whale accumulation and growing optimism over a potential spot ETF approval.

Meanwhile, meme coin Bitcoin Pepe continues to garner investor attention.

XRP price can rally

Ripple’s XRP is showing signs of renewed strength as large holders ramp up accumulation ahead of key catalysts.

On-chain data from Santiment indicates that wallets holding between 10 million and 100 million XRP added over 200 million tokens last week.

The accumulation, interpreted by analysts as institutional positioning, comes amid heightened expectations of an XRP spot ETF approval.

Polymarket odds for such an approval have surged to 80%, while the anticipated launch of ProShares’ XRP ETF on May 14 is fueling bullish sentiment.

Currently trading around $2.20, XRP has bounced back from a brief dip to $2.15 on April 30, which triggered nearly $13.9 million in long liquidations.

Despite that volatility, analysts such as Javon Marks remain optimistic. “With lower timeframes confirming bull signals, another upside move can be in the works for XRP,” he said.