Amin Elshereef

According to Cointelegraph, XRP has experienced a significant price increase of over 55% since April, indicating potential for further gains. The cryptocurrency's price rose from a local bottom of approximately $1.61, driven by bullish technical patterns and on-chain data. Notably, whale flows have turned positive for the first time since November 2024, historically signaling trend reversals. This shift in whale behavior suggests a possible continuation of the upward trend.

XRP whale wallets, which hold substantial amounts of the cryptocurrency, had been reducing their holdings since late 2024, leading to a sharp price correction from above $3.55 to below $2.00. However, as of mid-May 2025, the trend has reversed, with whale outflows slowing and the 90-day moving average of net flows turning positive. Historically, such positive shifts in whale flows have marked major bottoms or trend reversals, as seen in XRP's rally from around $0.43 in July 2024 to $3.55 in January 2025, resulting in approximately 400% gains.

Technical analysis of XRP's price indicates a breakout from a multimonth falling wedge pattern on the 3-day chart, typically viewed as a bullish reversal setup. This wedge, formed between December 2024 and early May 2025, compressed price action while volume declined, signaling accumulation. The breakout occurred in early May near the $2.25 level, just above the 50-period exponential moving average (EMA), which now serves as key support. Based on the wedge's height, the breakout projects a price target near $3.45, approximately 40% above current levels. XRP's relative strength index (RSI) also supports the bullish outlook, bouncing back above 57 and indicating renewed buying momentum.

Despite the optimistic projections, the path to the target may encounter resistance. Analysts have identified a key resistance level near $2.80 that could temporarily limit XRP's upward movement. In the short term, XRP may consolidate above its 50-day EMA, as whale inflows often signal the beginning of an accumulation phase before a stronger price breakout. Analyst Kripto Mavsimi notes that while the pace of outflows is slowing and showing signs of stabilization, it is not yet a full reversal. This base-building period could be a healthy development if it aligns with previous whale-driven rallies. Readers are reminded that this article does not provide investment advice, and all trading decisions should be made after conducting thorough research.

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XRP currency and Ripple project
What is the XRP currency?
XRP is a digital currency developed by Ripple Labs aimed at facilitating international financial transfers quickly and at a low cost. The currency relies on the XRP Ledger technology, which is a decentralized blockchain network that allows transactions to be processed within seconds and at the lowest possible fees compared to traditional banking systems.