Whale Activity Hints at XRP’s Bullish Turn
Ripple (XRP) has shown resilience since hitting its all-time high of $3.40 in January. While monthly candles have consistently closed above the $2 mark since December 2024, trading activity on Binance has declined to near-lows last seen in August 2020. Analysts speculate XRP could be entering the fifth wave of a bull run, with price targets of $2.27–$2.29.
Key indicators suggest a bullish shift:
- Whale Accumulation: Data from CryptoQuant reveals increasing balances in whale addresses, with a positive 90-day moving average flow since early May—a stark reversal from January–April outflows.
- Historical Precedent: Similar whale activity preceded a 420% price surge in Q4 2023, hinting at another potential breakout.
- Sentiment Boost: Santiment reports a 17-day high in XRP sentiment, fueled by stalled SEC settlement talks and growing retail interest compared to Bitcoin and Ethereum.
👉 Track real-time XRP whale movements here
Large XRP Wallet Growth Signals Potential Surge
The number of large XRP holders continues to rise, reinforcing optimism:
- Wallets holding 1+ million XRP hit a record 2,850.
- Wallets with 10,000+ XRP grew by 6.2% year-to-date.
Dom, a prominent analyst, notes this accumulation reflects long-term confidence despite the sideways market. Traders are eyeing the $2.27–$2.29 resistance level—a breach could catalyze significant upward momentum.
Market Dynamics and Future Outlook
While XRP’s price remains range-bound, key factors align for a potential rally:
- Whale Inflows: Sustained accumulation by large holders.
- Positive Sentiment: Heightened social and investor optimism.
- Technical Positioning: Analysts identify $2.27–$2.29 as a critical breakout zone.
FAQ Section
Q: What’s driving XRP’s recent whale activity?
A: Increased institutional interest and stalled SEC litigation have renewed confidence in XRP’s legal clarity and growth potential.
Q: How likely is a breakout past $2.27?
A: With whale accumulation and technical targets converging, odds improve if buying pressure sustains above key resistance levels.
Q: Should investors accumulate XRP now?
A: While indicators are bullish, always assess risk tolerance and market conditions before decisions.
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