XRP has just broken through a key resistance level, rising 4.8% and demonstrating a strong bullish trend.
Active movements from whales, an increase in trading demand in the spot market, along with optimistic sentiment in the futures market create a solid foundation for the next upward momentum of XRP.
MAIN CONTENT
XRP has surpassed a key resistance level and surged by 4.8%.
The number of large whale wallets holding XRP is nearing record levels, reinforcing the long-term accumulation trend.
Spot investors have shifted to buying in, with positive sentiment in the perpetual contract market supporting the rise.
Is XRP preparing for a strong price surge?
According to observations from the latest data, XRP has successfully broken through the resistance level of the ascending price pattern, opening up the possibility of a strong breakout up to 2.6 USD. This is a resistance level that previously caused XRP's price to adjust three times, according to in-depth technical charts from leading analysts.
Closing above this level with a series of consecutive green candles will reinforce confidence for the next price increase. However, this resistance zone also attracts many large sell orders, including one whale that transferred over 24.54 million XRP worth 60 million USD to Coinbase in preparation for selling.
"Breaking through the important resistance zone is a signal that XRP's buying power is increasing, but caution is needed as whales execute large trades on the exchange."
Ali, Crypto market analyst, 26/07/2025
How sustainable is the overall bullish trend?
According to a report from Santiment, the number of whale wallets holding at least 1 million XRP is at 2,742, just one short of the record of 2,743. These whales control a total of 47.32 billion XRP, constituting a large part of the market's liquidity.
Although XRP has currently risen to its highest price in 3 weeks (2.39 USD), whales continue to hold their positions, indicating long-term confidence in the growth potential of this currency.
"The fact that whales maintain their ownership positions amid rising prices indicates that they have high expectations for XRP's potential in the medium and long term."
Maria Gomez, Research Director at Santiment, 25/07/2025
What is the accumulation trend in the spot market and sentiment in the futures market?
Data from CoinGlass shows that investors in the spot market have shifted from a selling phase to net buying. On July 9, the outflow was worth 27.76 million USD, but quickly reversed with a net buying amount of 2.45 million USD in just one day, reflecting confidence in XRP's recovery.
Notably, the amount of XRP purchased has been transferred to personal wallets, affirming the long-term holding perspective of investors. Similarly, in the perpetual contract market, the Funding Rate has maintained a positive rate of 0.0091% since June 28, indicating that traders are prioritizing long positions, contributing to the positive sentiment analysis.
Frequently Asked Questions
How high could XRP rise in this breakout phase? Analysts predict XRP could reach 2.6 USD if it maintains candle closings above the resistance level, based on price patterns and whale buying. How do whales influence XRP's price? Whales accumulating large amounts of XRP provide support for the price and reinforce market confidence, while large transactions can cause short-term volatility. How do the spot and futures markets support the upward trend? The spot market has shifted to net buying and the funding rate in the futures market remains positive, reflecting positive sentiment and driving the bullish trend. Do transaction fees or XRP's liquidity affect the upward trend? High liquidity and reasonable gas fees enable investors to trade easily, thereby supporting a stable upward price movement for XRP.
Source: https://tintucbitcoin.com/xrp-tien-den-26-usd-canh-giac/
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