Moon soon? XRP's strongest spot premium aligns with 70% rally setup
Strong spot market demand, supported by persistent accumulation from whales and a bullish technical pattern, favors an $XRP price boom over $3.75.
Key takeaways:
XRP’s strongest spot premium phase suggests real buying demand, not just speculative futures trading.
The number of XRP addresses holding ≥10,000 tokens has steadily climbed, even during recent price pullbacks.
A falling wedge pattern points to a possible breakout toward $3 to $3.78, with up to 70% upside if confirmed.
XRP is experiencing its strongest sustained phase of spot premium in history, a period where the spot market has been consistently trading at stronger levels compared to perpetual futures.
Since 2020, most major XRP price peaks happened when the perpetual futures market was leading, noted market analyst Dom in his May 2 post on X.
XRP’s futures prices being higher than spot signaled excessive speculation and led to sharp price drops.
As of 2025, a spot premium suggests that demand from actual XRP buyers is driving the rally, pointing to a more stable price rise compared to past runs powered by leveraged bets.
Further reinforcing the case for real demand, Glassnode data shows a consistent rise in the number of XRP addresses holding at least 10,000 XRP (the green wave in the chart below) since late November 2024.
Falling wedge hints at 70% XRP price rally
XRP has been consolidating within a falling wedge pattern on the weekly chart — a structure defined by downward-sloping, converging trendlines. In technical analysis, this pattern is generally viewed as a bullish reversal signal.
A confirmed breakout requires a clear move above the wedge’s upper resistance near $2.52.
If XRP breaks this level, the pattern’s measured move — calculated from the wedge’s maximum height — suggests a potential rally toward $3.78 by June. This would represent an estimated 70% upside from the current prices.