Crypto derivatives exchange BitMEX has set the XRP community abuzz with a cryptic tweet. The late-night post hints at a potentially market-moving announcement involving Ripple.
The post, which included a visual ripple-effect GIF and the line “news that’s definitely gonna have a @ripple effect on the market,” has sparked speculation that BitMEX and Ripple Labs may be preparing to launch a joint initiative.
The message, published on May 17 and now viewed nearly half a million times, has not yet been followed by an official clarification, but the deliberate wordplay suggests something more than metaphor.
Many traders interpret this as a teaser for an integration, listing, or potentially a derivative product tied to XRP.
BitMEX is known for its high-leverage trading products and early crypto market innovations. An official partnership or product involving XRP would drive traders towards the platform. This deal would also mean a big endorsement of the Ripple ecosystem by one of the oldest crypto exchanges.
Will XRP Price Go UP?
With XRP currently trading in the $2.3 to $2.45 range, a confirmed collaboration with BitMEX could trigger a price breakout. The bulls will get additional support, in light of growing institutional interest following Ripple’s recent legal clarity in the U.S.
Taking words from highly optimistic traders, XRP might surge to $6.22, then $7.68. The market analyst Egrag crypto also made a bold claim of XRP price to hit $27.
He supports his prediction of more than 1000% price jump in XRP using long-term Fibonacci levels and inverse chart patterns, indicating XRP has broken through a multi-year “stratospheric” resistance level.
While Egrag may be looking over optimistic, chances of XRP price soaring to $3 this month are looking very high but one should always be prepared for things to go sideways.
Also Read: Bitcoin, ETH, XRP Price Prediction: Weekend Breakout Ahead?
