XRP Repeats 500% Rally Pattern as Whales Accumulate 110 Million Tokens

XRP is drawing attention as it repeats a price pattern that previously triggered a 500% surge in 2024, amid quiet accumulation of hundreds of millions of tokens by whales.

Xrp Repeats 500% Rally Pattern As Whales Accumulate 110 Million Tokens

While the altcoin market is weakening as capital flows into Bitcoin — which is just 1.2% away from its all-time high — XRP appears to be decoupling from the general trend. This may be due to strong whale accumulation and the repetition of a bullish pattern that previously led to a 500% surge in 2024.

Currently, XRP is trading around $2.38, moving sideways within a narrow range of $2.32 to $2.39 over the past 24 hours. Despite low volatility, on-chain data shows that large holders (wallets with 10 to 100 million XRP) have bought an additional 110 million XRP in just five days, bringing their total holdings to 7.67 billion tokens. This accumulation is often a bullish signal, indicating that these investors are positioning themselves ahead of a potential breakout.

Xrp Whale Balances
Xrp Whale Balances

On the weekly chart, XRP is testing the resistance line of a descending triangle — a pattern similar to the one in late 2024, before the token surged more than 500%. If XRP can break above this level, it’s likely to climb past $3 and possibly set new all-time highs.

The RSI currently sits at 55, suggesting moderate bullish momentum. However, the downward sloping ADX indicates that the trend is still weak, meaning XRP may continue to consolidate before gaining the strength needed for a breakout.

In the derivatives market, data from Coinglass shows mixed sentiment. Futures trading volume has dropped by 24%, and XRP’s open interest has fallen by $930 million in just five days, indicating caution among new traders.

Xrp Price Chart
Xrp Price Chart

Still, Binance data shows a long/short ratio of 2.97, suggesting a bullish bias with more traders betting on price increases. However, nearly $3 million in long positions were liquidated over the past 24 hours, adding to sell-side pressure.

In summary, while XRP faces short-term challenges, the current price pattern and whale accumulation signal a potential for another strong rally. If open interest picks up again and the price breaks above the $3 mark, XRP could enter a new bullish phase similar to that of 2024.

(9 votes)

3.3/5

(9 votes)

Latest

Binance.us Accused Of Political Favoritism After Listing Trump Family’s Usd1 Token

News | Editor Choice | Policy & Regulations

Binance.US Accused of Political Favoritism After Listing Trump Family’s USD1 Token

Binance.US is facing a wave of fierce criticism after listing the Trump family’s USD1 stablecoin, just a week after Donald Trump’s controversial pardon of Changpeng Zhao — a move many see as a “political favor” between the White House and the crypto world.

Spacex Moves $31 Million In Bitcoin, What Is Elon Musk Planning

News | Bitcoin | Editor Choice

SpaceX Moves $31 Million in Bitcoin, What Is Elon Musk Planning?

SpaceX’s sudden $31 million Bitcoin transfer within just one week has sent shockwaves through the market, sparking speculation that Elon Musk may be preparing for a mysterious strategic move.

21shares Files For Hype Etf, While Bitwise’s Solana Etf Records

News | Altcoin | Editor Choice

21Shares Files for HYPE ETF, While Bitwise’s Solana ETF Records

The crypto ETF market is heating up as 21Shares and Bitwise roll out new products, signaling Wall Street’s growing interest in altcoins.

Bitcoin Eyes A Hopeful November Amid Fed Division On December Rate Cut

News | Bitcoin | Editor Choice

Bitcoin Eyes a Hopeful November Amid Fed Division on December Rate Cut

Following the Federal Reserve’s widely expected rate cut, the crypto market has yet to show signs of recovery as internal divisions over a potential December easing weigh on sentiment, making Bitcoin’s short-term outlook more cautious than ever.

Ethereum’s Key Changes After The Fusaka Upgrade

News | Altcoin | Editor Choice

Ethereum’s Key Changes After the Fusaka Upgrade

The Fusaka upgrade marks a pivotal step in Ethereum’s journey toward large-scale scalability, promising faster transaction speeds, enhanced security, and laying the foundation for the next explosive phase of the world’s leading blockchain.

Screenshot 2025 10 20 091338