Monat: Mai 2025

• Over 638,000 new wallets added in early 2025.
• WisdomTree report backs XRP as altcoin fit for crypto portfolios.
• Analysts predict breakout with targets of $3.40 to $6.00.

Ripple’s XRP has rebounded sharply in 2025, reclaiming its position as one of the top three cryptocurrencies by market capitalisation.

Once written off during the depths of the SEC lawsuit, the token has staged a powerful comeback, rallying 25% this past week and hitting a price of $2.57.

Its latest rise is fuelled not only by technical momentum but also by on-chain data that shows rising interest among both retail and institutional investors.

In the first few months of 2025 alone, XRP added more than 638,000 new wallets, an 11% increase.

This pushed the total number of active XRP wallets to near 6.5 million—marking the highest point in the network’s 12-year history.

This rise in user adoption is coinciding with a renewed focus on XRP as a credible alternative to Bitcoin in portfolio construction, supported by recent analysis from leading asset manager WisdomTree.

Wallet data signals rising user engagement

The dramatic uptick in wallet creation comes after years of regulatory headwinds that had suppressed activity on the Ripple network.

The growth in wallets is now being interpreted by analysts as a return of confidence in XRP’s long-term utility.

While speculation has always played a role in crypto movements, the consistent increase in active, non-empty wallets indicates a broader shift toward sustained user interest.

At the same time, WisdomTree—a global asset manager overseeing more than $100 billion in assets—released a report naming XRP as the only altcoin that aligns well with Bitcoin in a diversified crypto portfolio.

This institutional endorsement is seen as a key driver of renewed investor interest, especially as large holders typically seek coins with longer-term fundamentals and regulatory clarity.

Binance futures data highlights strong buyer interest

Beyond wallet statistics, trading data from Binance is also showing bullish momentum. XRP futures open interest, which had fallen to $530 million from a high of $1.5 billion, is rising again.

This metric tracks the total value of open derivative contracts, and its growth typically signals that traders are positioning for further volatility.

While some traders are taking short positions, on-chain analysts such as FundingVest (via Cryptoquant) suggest that these positions are being absorbed by buyers.

This dynamic could point to an upcoming breakout, particularly if resistance levels continue to weaken under buying pressure.

Funding rates have returned to neutral territory, which typically precedes major price shifts as leverage resets.

Liquidation patterns suggest market strength

Coinglass data supports the thesis of building bullish strength. XRP saw $6.86 million in liquidations over the past few sessions, with long and short traders contributing nearly equally to the total.

Notably, long-term holders accounted for $3.59 million, while short-sellers made up $3.27 million.

This even split indicates a battle between bulls and bears, but XRP’s ability to hold above $2.50 even during volatility suggests underlying resilience.

Technically, analysts are watching a bullish pennant pattern forming on XRP’s weekly chart. MackAttackXRP, a well-known chartist, points to potential targets of $3.40 and $3.60 if the breakout confirms.

More aggressive price targets in the $5.00–$6.00 range are also circulating, assuming broader market sentiment remains positive.

XRP is currently trading at $ 2.63 price, up by almost 4% in 24 hours, is viewed as part of a steady climb rather than a flash rally.

The $3 mark could be reached as early as the end of this week if momentum holds, though future gains will depend on whether buyer demand remains strong enough to overcome key resistance zones.

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The stock brokerage and burgeoning crypto platform eToro is stepping into the Wall Street spotlight, having priced its initial public offering at $52 per share.

This move signals the company’s readiness to gauge investor appetite for new listings in a market still finding its footing after a period of volatility.

The Israel-based firm successfully raised nearly $310 million through the sale of almost 6 million shares, a transaction that pegs the company’s valuation at approximately $4.2 billion.

This pricing lands above its initially targeted range of $46 to $50 per share.

Alongside the company’s offering, existing investors are also divesting an additional tranche of nearly 6 million shares, further shaping the public float.

The path to this moment has been paved with cautious optimism.

The IPO market had shown signs of a potential resurgence earlier in the year, particularly following President Donald Trump’s return to the White House in January, which some hoped would break a prolonged drought influenced by rising interest rates and persistent inflationary concerns.

Indeed, CoreWeave’s successful March debut provided a glimmer of hope for other aspiring public companies, including eToro, online lending giant Klarna, and ticket reseller StubHub.

However, this nascent recovery faced headwinds.

“Tariff uncertainty temporarily stalled those plans,” the original article noted, capturing a period of market jitters.

Consequently, eToro, which had filed for its IPO in March, alongside Klarna and StubHub, opted to shelve its immediate ambitions as markets grappled with the implications of trade policy shifts.

A bellwether for risk? eToro’s debut and market sentiment

Now, as eToro prepares for its Nasdaq debut under the ticker symbol ETOR, its performance may serve as a significant litmus test for the broader public market’s willingness to embrace risk.

The IPO landscape is showing renewed activity; digital physical therapy company Hinge Health has commenced its IPO roadshow, revealing in a Tuesday filing its intention to raise up to $437 million.

Also on Tuesday, fintech innovator Chime submitted its prospectus to the SEC, indicating its own public market aspirations.

This follows the April move by another trading application, Webull, which went public via a merger with a special-purpose acquisition company (SPAC).

Crypto aspirations fueling growth and investor interest

Founded in 2007 by brothers Yoni and Ronen Assia along with David Ring, eToro operates in a competitive landscape, challenging established players like Robinhood.

Its revenue model is built on fees tied to trading activities, such as spreads on buy and sell orders, and non-trading operations including withdrawals and currency conversions.

The company’s financial trajectory has been notable, with net income soaring almost thirteenfold last year to $192.4 million, a substantial increase from $15.3 million the previous year.

A significant driver of this growth has been its expanding crypto business.

Revenue from cryptoassets more than tripled to exceed $12 million in 2024, and crypto-related activities accounted for a quarter of its net trading contribution last year, up sharply from 10% in the prior year.

This isn’t eToro’s maiden voyage into the public offering process.

“In 2022, the company scrapped plans to hit the market through a merger with a special purpose acquisition company (SPAC) during a sharp downturn in equity markets,” the source material highlighted.

That earlier deal would have valued eToro at a considerably higher figure of more than $10 billion.

Despite the previous setback, CEO Yoni Assia remained committed to a public listing.

He told CNBC early last year that eToro was still aiming for a market debut but was “evaluating the right opportunity” while building relationships with exchanges, including the Nasdaq.

“We definitely are eyeing the public markets,” Assia stated at the time. “I definitely see us becoming eventually a public company.”

Adding a vote of confidence to the current offering, eToro disclosed in its prospectus that investment behemoth BlackRock had “expressed interest in buying $100 million in shares at the IPO price.”

The company further detailed its plan to sell 5 million shares in the offering, with existing investors and executives slated to sell an additional 5 million.

The underwriting syndicate for this significant financial maneuver includes industry heavyweights Goldman Sachs, Jefferies, and UBS.

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