While the cryptocurrency market is struggling with global turmoil, technical and fundamental data for $XRP are giving positive signals. The bullish descending wedge formation, whale accumulation, #etf applications, and critical developments in the Ripple-SEC case indicate that the asset may be preparing for a new rally.
📐 XRP Price Consolidates in a Bullish Wedge
The XRP price has been stuck between $2,135 and $2,186 in recent days. This narrow trading range technically forms a bullish wedge. This structure is historically seen as a precursor to upward breakouts.
Support Point: $2,150 – Also Fibonacci 38.2% retracement level
Resistance Point: $2,190 – If broken, a rapid rise is expected
RSI (Relative Strength Index): Moving in the neutral zone, on the verge of a sudden move
MACD: Horizontal and momentum signal not yet clear
This technical structure shows that the price is preparing for a calm but controlled breakout and investors are waiting for the breakout moment.
🐋 Whale Activity at Its Peak: XRP Investors Renew Confidence
According to on-chain analysis platform Glassnode data, XRP whales made serious accumulations throughout June. In particular, the number of wallets holding over 1 million XRP increased rapidly, while most of the large purchases occurred in the $2,133 – $2,150 range.
Daily Realized Profits: Increased to $68.8 million
Volume Profile: Investors tend to buy more than sell
Price Reaction: After the purchases, the price jumped to $2,158, giving bullish confirmation
This development shows that institutional investors maintain their confidence in XRP and are buying the potential rise.
📈 Activity Explodes on XRP Ledger: Has ETF Pricing Started?
One of the most striking developments is the explosion in user interactions on XRP Ledger (XRPL). This increase, which occurred simultaneously with ETF rumors, shows that the market is focusing on XRP again.
Active Address Number: Jumped from 40,000 → to 295,000
Why? Expectations that the ETF application will be approved have mobilized investors
Volume: Spot and derivative volumes increased by up to 80% after the ETF news
The most important of the ETF applications was made by the giant asset manager Franklin Templeton. The approval of this application by the SEC could pave the way for XRP to meet with institutional investors and test the price above $ 3.
⚖️ Ripple – SEC Case: Settlement Talks Continue
It is reported that settlement talks are being held in Ripple's ongoing case with the US Securities and Exchange Commission (SEC). If clarity is provided in this process, XRP could gain full legal status in the US market.
Investor Expectation: A decision in Ripple's favor or a settlement
Impact: Legal clarity → May accelerate ETF approvals
Price Impact: The $ 3.00 – $ 3.40 band will be the new resistance target for the XRP price
Ripple's legal team prefers to resolve the process without publicly announcing it. However, this silence in the market is interpreted as a positive consensus approaching.
🌍 XRP Remains Strong Despite Macroeconomic Risks
Despite increasing interest rate pressure, geopolitical tensions and regulatory uncertainties in the world, XRP has not experienced a serious decline from its peak of $ 3.39 at the beginning of the year. This shows that investor confidence is still high.
Year-to-Date Price Change: -13%
Compared to Competitors: Less volatility compared to Solana, Cardano, and Polkadot
Role of Institutional Investors: Supporting XRP’s price stability
🎯 Technical Targets and Possible Scenarios
Positive Scenario:
$2,190 resistance broken → $2.40 – $2.75 area could be tested
ETF approval + SEC consensus → $3.00 – $3.40 again possible
Negative Scenario:
$2,133 support broken → $1.98 – $2.00 range possible
However, current indicators suggest that the probability of a breakout to the upside is much higher.
📌 Conclusion: XRP on the Verge of a Critical Breakout
XRP’s current technical structure, combined with increased user activity, whale buying, and ETF expectations, suggests a major breakout is imminent. The market is currently holding its breath. If the breakout is supported by volume, XRP could rocket toward the $3 target.
