TL;DR
- Large investors (whales) are actively accumulating XRP, a pattern that has historically preceded major price surges.
- The amount of XRP held on exchanges has dropped by 10% in the past month, indicating that investors are moving their tokens into long-term storage.
- With a current price of $2.18, a 24-hour gain of +2.68%, and a market cap of $127.32 billion, XRP is positioning itself as one of the altcoins with the strongest bullish potential.
In recent days, XRP has remained firmly above the $2.00 support level, consolidating between $2.03 and $2.13. This sideways movement is being interpreted by many analysts as the calm before the storm, especially as on-chain metrics show clear signs of accumulation by major market players and institutional entities.
Whales Reinforce Their Confidence in XRP
According to recent data from “Santiment”, addresses holding between 10 million and 100 million XRP have increased significantly since the beginning of April. Even more notably, addresses holding over 1 billion XRP now control 39.4% of the total supply, compared to 37.7% at the end of March. This concentration in strong hands is a powerful signal of long-term confidence in the asset.
Adding to the bullish narrative, the supply of XRP on centralized exchanges has declined considerably. In November 2024, there were 3.27 billion XRP on exchanges, today that number has dropped to just 2.7 million. This 10% drop in just 30 days often precedes upward movements, as fewer tokens available on the market reduce selling pressure dramatically.
Bullish Pattern Targets $3
From a technical perspective, XRP’s daily chart reveals a clear “bull flag” formation, a pattern that frequently precedes upward breakouts. The price is currently testing the upper boundary of this flag at $2.10. A decisive close above this level could propel XRP toward its technical target of $2.93 or even the psychological barrier of $3.00.
At the time of writing, XRP is trading at $2.18 with a 24-hour performance of +2.68%, and its market capitalization stands at $127.32 billion.
Analysts like “Dark Defender” see a breakout above multi-month resistance as the gateway to a possible $4 wave. Meanwhile, trader “CasiTrades” believes a temporary dip to support zones around $1.90 or $1.55 could occur before the real breakout begins.
In a crypto market that’s regaining momentum, XRP stands out as one of the assets with the highest breakout potential. With growing whale confidence, strong on-chain fundamentals, and favorable technical setups, XRP could be gearing up for one of the most significant rallies of the year.
