Analysts say the rally is being powered by aggressive whale accumulation — over 2.2 billion XRP bought in just two weeks, valued at more than $6.6 billion.
Trading volume has also spiked, hitting $12.09 billion in 24 hours, reinforcing bullish sentiment as the token pushes into uncharted territory. Notable transactions include a $73 million transfer to Coinbase, along with major movements between Upbit and private wallets, according to on-chain trackers.
XRP is now hovering around its previous peak and could soon enter full price discovery. Analysts, including Ali Martinez, believe that if the token can sustain a weekly close above $3, the next upside target could be $4.80. Technical indicators suggest the $3.30–$3.35 zone is a key resistance area that, if broken, could open the door to a steep rally.
Supporting the move is a broader market rebound in altcoins, with Ethereum and Solana also gaining traction in recent days. However, XRP’s breakout is drawing attention for its scale and timing, coming just months after regulatory hurdles were cleared and institutional adoption ramped up.
Market observers note that increased open interest in XRP futures adds further fuel to the rally, hinting at growing confidence among both retail and professional traders. If momentum holds and whales continue to accumulate, XRP could be on the verge of a historic breakout not seen since the bull cycle of 2017.
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2025-07-18 05:42