Key Points:
- Whale wallets holding 1M+ XRP hit a record 2,700, signaling rising confidence among large holders.
- XRP’s daily MACD turns bullish as buyers push toward breaking the $2.30 resistance zone.
- Ripple aims to capture 14% of SWIFT’s liquidity, boosting long-term interest in XRP Ledger.
XRP price traded at $2.23 at press time, just below the key resistance level at $2.30. This level has been touched multiple times over the past few weeks but has yet to flip into support. Market pressure from buyers is increasing, and if this continues, a breakout may occur. The next key resistance levels after $2.30 are set at $2.60 and $3.
Technical patterns suggest a possible continuation of the upward trend. The $2.00 mark is acting as strong support, keeping the current price structure intact. If the price closes above $2.30 and holds, it could confirm the bullish move. The market may then aim for the higher targets set at $2.60 and eventually $3, depending on overall sentiment.
XRP Momentum Strengthens With Technical Indicators
Momentum indicators are showing clear signs of strength. On the daily chart, both the MACD and RSI have formed higher lows. The MACD crossed into bullish territory, signaling increasing buying pressure. This type of cross often suggests the start of a new trend, especially when paired with rising price action.
The RSI is also moving higher, showing growing interest among traders. These conditions usually precede upward movements if supported by continued volume. As long as the token remains above $2.00, traders will be watching for a confirmed break above $2.30 to validate the next leg up in price.
XRP Whale Wallets Reach New Record
Data from blockchain analytics firm Santiment shows that over 2,700 whale and shark wallets now hold at least 1 million XRP each. This is the highest number of large XRP wallets in the network’s 12-year history. These wallets have grown in number as price climbed over 359% in the past year, suggesting long-term confidence.
Alongside this, daily active addresses have jumped to an average of 295,000 over the past week. That figure is far higher than the three-month average of 35,000 to 40,000. However, some users have raised questions.
Meanwhile, during the 2025 XRPL Apex event in Singapore, Ripple CEO Brad Garlinghouse discussed the company’s future direction. He projected that XRP Ledger could capture up to 14% of SWIFT’s global liquidity over the next five years. He explained this by pointing to the fast development of the ecosystem and the increasing use of XRP in cross-border payments.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Source: https://coincu.com/343739-xrp-whale-surge-fuels-hopes-for-major-3-rally/