XRP’s active addresses averaged 295K daily as whale wallets hit a record 2,708, signaling intensified on-chain engagement and investor confidence.
XRP broke out of a multi-month descending wedge in mid-June, with price stabilizing above $2.45 and showing strong bullish continuation.
Technical projections point to XRP targets at $4.40 and $8.00, supported by rising wallet accumulation and sustained upward momentum.
The XRP Ledger is registering historic growth as both whale wallet accumulation and on-chain activity surge. According to Santiment, daily interacting XRP addresses have soared to an average of 295,000 in the past week. This figure represents a jump from the 35,000–40,000 daily average seen over the past three months. On June 15, active addresses peaked at 283,411. Additionally, wallets holding over 1 million XRP have now reached 2,708 — a record for the network. Each wallet in this category holds at least $2.25 million in XRP, signaling growing confidence among large holders.
Source: Santiment
Besides wallet growth, XRP’s price has mirrored the rising activity. On June 15, it opened at $2.17 and closed at $2.28. The day’s high hit $2.78, confirming continued bullish pressure. Since November 2024, XRP’s price has moved upward, though brief corrections followed sharp rallies. Despite those pullbacks, whale wallets remained steady, hinting at long-term conviction. Moreover, both wallet accumulation and address count picked up again in late May, coinciding with renewed price stability.
XRP Breaks Out of Descending Wedge Pattern
From January to June 2025, XRP traded within a descending wedge. This formed after a sharp rally from $0.70 to over $2.40. The wedge showed compressed volatility, with XRP bouncing between resistance and support trendlines. Significantly, the asset broke out above the wedge’s upper boundary in mid-June. XRP currently trades at $2.45, consolidating in a tight range post-breakout.
Additionally, no sharp rejections followed the breakout. The price is stabilizing with strong momentum and minimal pullbacks. Since April 2025, XRP has printed consistent higher lows, strengthening the bullish setup.
Price Targets and Technical Outlook
JavonMarks projects two major price targets: $4.40 and $8.00. These targets align with previous impulse wave projections. Besides, the chart reveals no bearish reversal signs at the moment. The recent breakout structure supports continued upward movement. The visible green signals bullish continuation toward the upper resistance bands.
Consequently, XRP’s technical structure and on-chain strength both favor further upside. Moreover, growing whale interest and network usage provide a strong foundation. Hence, XRP appears well-positioned for its next major leg up.
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