XRP whale flow and technical setup hint at 40% price boom next
The post XRP whale flow and technical setup hint at 40% price boom next appeared on BitcoinEthereumNews.com. Key takeaways: XRP price has risen 55% since April and is now flashing bullish continuation signals. Whale flows have flipped positive for the first time since November 2024, historically signaling trend reversals. A falling wedge breakout projects 40% gains ahead, but $2.80 may act as interim resistance. XRP (XRP) has bounced by more than 55% since forming a local bottom at around $1.61 in April. It now signals a further price surge owing to bullish technical patterns and onchain data. XRP/USD daily price chart. Source: TradingView XRP’s whale flows mirror 2024 price boom XRP whale wallets (addresses holding large amounts of XRP) have been aggressively reducing their holdings since November 2024, according to data resource CryptoQuant. XRP whale flow 30-day moving average vs. price. Source: CryptoQuant The trend pushed net flows deep into negative territory, preceding the sharp correction in XRP’s price from above $3.55 to under $2.00. As of mid-May 2025, however, the trend has reversed. Whale outflows have been slowing down, turning the 90-day moving average of net flows positive. In the past, most instances where whale flows turned positive after a prolonged negative trend has marked major bottoms or trend reversals. A notable example is XRP’s rally from around $0.43 in July 2024 to $3.55 in January 2025, or around 400% gains, which began as whale outflows slowed and eventually flipped to net inflows. XRP price technical breakout targets $3.45 XRP price technicals show it breaking out of a multimonth falling wedge pattern on the 3-day chart, typically viewed as a bullish reversal setup. The wedge, formed between December 2024 and early May 2025, had been compressing price action while volume declined, a classic sign of accumulation. XRP/USD three-day price chart. Source: TradingView The breakout occurred in early May near the $2.25 level, just above the 50-period…
The post XRP whale flow and technical setup hint at 40% price boom next appeared on BitcoinEthereumNews.com.
Key takeaways: XRP price has risen 55% since April and is now flashing bullish continuation signals. Whale flows have flipped positive for the first time since November 2024, historically signaling trend reversals. A falling wedge breakout projects 40% gains ahead, but $2.80 may act as interim resistance. XRP (XRP) has bounced by more than 55% since forming a local bottom at around $1.61 in April. It now signals a further price surge owing to bullish technical patterns and onchain data. XRP/USD daily price chart. Source: TradingView XRP’s whale flows mirror 2024 price boom XRP whale wallets (addresses holding large amounts of XRP) have been aggressively reducing their holdings since November 2024, according to data resource CryptoQuant. XRP whale flow 30-day moving average vs. price. Source: CryptoQuant The trend pushed net flows deep into negative territory, preceding the sharp correction in XRP’s price from above $3.55 to under $2.00. As of mid-May 2025, however, the trend has reversed. Whale outflows have been slowing down, turning the 90-day moving average of net flows positive. In the past, most instances where whale flows turned positive after a prolonged negative trend has marked major bottoms or trend reversals. A notable example is XRP’s rally from around $0.43 in July 2024 to $3.55 in January 2025, or around 400% gains, which began as whale outflows slowed and eventually flipped to net inflows. XRP price technical breakout targets $3.45 XRP price technicals show it breaking out of a multimonth falling wedge pattern on the 3-day chart, typically viewed as a bullish reversal setup. The wedge, formed between December 2024 and early May 2025, had been compressing price action while volume declined, a classic sign of accumulation. XRP/USD three-day price chart. Source: TradingView The breakout occurred in early May near the $2.25 level, just above the 50-period…
What's Your Reaction?
