Apr 28, 09:53 AM

Monero Surges 40% on 3,520 BTC Move as XRP Gains 10% Weekly After ETF Approvals and Brazil B3 Launch

Monero (XMR) and Ripple (XRP) have experienced notable price increases in late April 2025, with XMR surging approximately 40% and XRP also showing strong gains. XMR's rally has been attributed to increased momentum, a breakout in the XMR/BTC trading pair, and renewed interest in privacy-focused cryptocurrencies amid current macroeconomic conditions. Additionally, a substantial transfer of Bitcoin (around 3,520 BTC) into XMR has highlighted growing investor interest in privacy coins. XRP's rise is supported by several factors including the U.S. Securities and Exchange Commission's approval of the ProShares XRP Futures ETF, the launch of XRP futures contracts by CME Group, and the introduction of one of the first XRP exchange-traded funds (ETFs) on Brazil's B3 stock exchange, facilitating institutional investment in Latin America. Technical indicators show XRP trading above its 7-day and 30-day moving averages, with a one-week gain of nearly 10%. Market analysts have pointed to these developments as key triggers for XRP's bullish momentum and increased global adoption.