XRP is once again showing signs of strong growth — and just like in 2024, the big players are stepping in. Over 110 million Ripple tokens have been added to whale wallets in just five days. Will history repeat itself?
While many altcoins are bleeding as traders shift their capital into Bitcoin (BTC) — which is currently just 1.2% away from its all-time high — XRP appears to be diverging from the broader trend. It seems to be repeating a price fractal from 2024 — a pattern that kicked off a 500% rally within weeks. Could XRP soar again?
📊 XRP Stays Steady as Whales Accumulate
At the time of writing, XRP is trading at $2.38 with a slight intraday gain of 0.06%. Volatility remains low — the token has fluctuated between $2.32 and $2.39 over the past 24 hours.
While the market consolidates, whales are taking the opportunity to stock up. On-chain data reveals that wallets holding between 10 and 100 million XRP have increased their holdings from 7.56 billion to 7.67 billion tokens — in just five days. That’s over 110 million XRP purchased, a clear bullish signal as whales anticipate an increase in value.
Historically, whales tend to start accumulating just before a major price bounce. Their current behavior could indicate that XRP is preparing to break out from its consolidation zone.
📈 Repeating the 2024 Pattern?
The weekly chart shows that XRP is once again approaching the upper resistance line of a descending triangle pattern, just like it did in 2024. Back then, breaking this structure triggered a 500% rally over the following months.
Now, XRP is attempting to break through this same kind of resistance. If successful, the price could quickly surpass $3 and push toward new all-time highs.
🔹 The Relative Strength Index (RSI) currently reads 55, signaling a moderately bullish trend. XRP has potential, but to break out above $3, it will need stronger buying momentum.
At the moment, that momentum is lacking — the ADX indicator is declining, which suggests the trend is still weak. XRP may continue consolidating within the triangle until new buyers step in.
📉 Open Interest Drops, Yet Market Remains Bullish
Data from the derivatives market offers mixed signals. According to Coinglass, open interest in XRP dropped by more than $930 million over the past five days, suggesting hesitation among traders and liquidation activity during price fluctuations.
However, the long/short ratio on Binance stands at 2.97, indicating that long positions vastly outnumber shorts — a sign of bullish sentiment. Still, traders holding long positions are taking hits, with nearly $3 million in long liquidations in just 24 hours, adding pressure on the sell side.
🔮 What Will Be Key to Breaking $3?
For XRP to repeat its 2024 explosive rally, the market must show renewed bullish conviction, particularly through a rise in open interest. Increased activity on the derivatives market could be the catalyst XRP needs to break above this critical resistance level and ignite a new bullish surge.
💬 Do you think XRP is about to repeat its historic growth? Are we witnessing the start of another major breakout?
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