TLDR
- XRP price surged to $3.10, a 7-year high, with a 30% gain over two weeks.
- Whales accumulated 1.43 billion XRP (+37.4%) in two months, signaling strong bullish sentiment.
- Analysts identify a "bull pennant formation", projecting a potential $10 target.
- Resistance at $3.00**; brief breakout to **$2.89 before stabilizing near $2.75.
- Outperformed top cryptocurrencies with a 17% weekly gain, leading the top 30 by market cap.
XRP’s Remarkable Price Rally
XRP’s price has soared to $3.10, its highest level in seven years, marking a 30% increase over the past fortnight. This rally stands out amid sluggish momentum in other major cryptocurrencies like Bitcoin and Ethereum.
Whale Activity Fuels the Surge
- 1.43 billion XRP tokens were accumulated by whales in the last two months—a 37.4% spike in holdings.
- These large investors (holding 1M–10M tokens) continued buying despite December’s peak, with portfolios now valued between $2.75M–$27.5M.
👉 Why XRP whales are betting big on this rally
Technical Analysis: Bullish Signals
Bull Pennant Formation
Analyst Ali Martinez identified a bull pennant pattern, a classic continuation signal. His on-chain data reveals:
- 1.10 billion XRP bought last week alone.
- Historical parallels to 2017’s rally, where XRP consolidated for 25 days before a major breakout. Current consolidation spans 30 days, hinting at a similar upward trajectory.
"XRP’s 2017 fractal comparison still holds. The $10 target is plausible if resistance at $3.00 breaks."
— Dom (@traderview2)
Key Price Levels
- Support: $2.93 (attempted consolidation).
- Resistance: $3.00 (last held in 2018).
- Short-term caution: TD Sequential shows a sell signal on the 4-hour chart, suggesting a possible correction.
Market Performance Highlights
- 17% weekly gain—top performer among the top 30 cryptocurrencies.
- Trading volumes spiked across exchanges, with elevated buy orders below $2.75 and **sell clusters** near $3.00.
- Santiment reports "enormous" whale accumulation, sustaining buying pressure despite volatility.
👉 How XRP compares to other altcoins in 2025
FAQs
1. What’s driving XRP’s price surge?
- Whale accumulation (+1.43B XRP), technical patterns (bull pennant), and historical breakout parallels.
2. Can XRP reach $10?
- Analysts project this target if the bull pennant plays out and $3.00 resistance breaks decisively.
3. Is now a good time to buy XRP?
- Short-term corrections are possible (per TD Sequential), but long-term indicators remain bullish.
4. How does XRP’s performance compare to Bitcoin?
- XRP’s 17% weekly gain dwarfs Bitcoin’s modest movements, showcasing altcoin strength.
Conclusion
XRP’s 7-year high and whale-driven momentum suggest sustained upside potential. While $3.00 resistance** is critical, a breakout could pave the way for the **$10 target. Monitor whale activity and technical patterns for confirmation.
Note: All hyperlinks except OKX anchor texts have been removed per guidelines.
### Key SEO Elements
- **Primary Keywords**: XRP price, XRP surge, bull pennant, whale accumulation, $10 target.
- **Secondary Keywords**: resistance levels, 7-year high, altcoin performance, TD Sequential.