Can $XRP Hit $1.20: 75% Rally in Sight as Whales Accumulate
#XRP , the digital asset closely associated with Ripple Labs, is back in the spotlight as whale activity on the network suggests a major price movement may be on the horizon.
After months of consolidation and legal uncertainty, market signals in May have turned decisively bullish. A sharp rise in whale accumulation could pave the way for a significant rally—analysts are now predicting a potential breakout of up to 75% in the near term.
Whale Accumulation: The Bullish Catalyst
Whales—large holders of XRP typically owning over 10 million tokens—have been quietly increasing their positions throughout May. According to on-chain data, wallets holding substantial XRP balances have flipped to net accumulation for the first time since early 2024.
This trend often precedes bullish momentum, as whale buying reduces circulating supply and signals long-term confidence. In crypto markets, where sentiment and liquidity play crucial roles, such accumulation is often the spark for major rallies.
Why XRP Could Soar
There are several reasons why XRP may be poised for a sharp move:
On-chain metrics: Rising active addresses and transaction volumes signal increased usage and interest in the network.
Market structure: XRP is currently trading within a tightening wedge formation. Technical analysts suggest a breakout from this pattern could push prices 75% higher, potentially targeting the $1.20 to $1.30 range in the short to mid term.
Liquidity positioning: XRP has seen increasing liquidity inflows on major exchanges, including Binance and Coinbase, with buying pressure outpacing sell orders.
What Would a 75% Rally Mean?
At the time of writing, XRP trades near $0.70. A 75% rally would push it to approximately $1.23, a level not seen since early 2022. While this would still be far from its all-time high of $3.84 (set in 2018), such a move would restore investor confidence and could reestablish XRP as a top-5 digital asset by market cap.