XRP Price Forecast: Whale Action & Channel Breakout Fuel $2.57 Push

XRP surges past $2.42 as whales add 110M tokens. A breakout above $2.456 could target $2.57. Derivatives hint bullish bias, but trader...

Maham Arslan•Thursday, May 22, 2025•1 min read

XRP Price Forecast: Whale Action & Channel Breakout Fuel $2.57 Push

Quick overview

XRP surges past $2.42 as whales add 110M tokens. A breakout above $2.456 could target $2.57. Derivatives hint bullish bias, but trader caution lingers.

XRP is at $2.42 after breaking out of the descending channel that had capped price since mid-May. The breakout above $2.38 and close above 50-EMA is a potential trend change. Price is testing $2.456 resistance, with a confirmed breakout to $2.5056 and potentially $2.57 in the short term.

Adding to the bullish case, on-chain data shows large holders (10M-100M XRP) have added 110M XRP in the last 5 days. Their total holdings went from 7.56B to 7.67B XRP. Historically, whale accumulation precedes big moves and the current consolidation between $2.32 and $2.45 is similar to the 2024 setup that led to a 500% move.

Whale holdings up 110M XRP in a week
XRP consolidating at $2.42, testing $2.456 zone
Support: $2.38 and $2.30
Resistance: $2.456 and $2.5056

XRP/USD

Repeating 2024 Bull Pattern? Weekly Structure Suggests Yes

XRP/USD weekly chart is a retest of descending triangle resistance, similar to the 2024 setup. RSI is 55, bullish momentum is mild and ADX is soft, the trend is still forming. For a repeat of the 2024 move, buyers need to deliver a strong follow-through and conviction.

Derivatives Market Shows Hesitation Despite Bullish Bias

Open interest in XRP futures has dropped by $930M in 5 days, traders are reducing risk. But the long/short ratio on Binance is 2.97, bulls are still in control of active positions. However, $3M in long liquidations in the last 24 hours is near-term profit taking pressure.

Open interest fell $930M as traders reduce risk
Binance long/short ratio at 2.97 signals bullish bias
$3M in long liquidations is near-term selling pressure

Breakout or Bull Trap?

With whale accumulation, technical breakout and moderate bullish bias in derivatives, XRP is ready to move up if bulls can close above $2.456. A daily close above this may target $2.57. If $2.38-$2.30 support zone fails, it’s a bull trap. Watch for volume and candlestick confirmation.

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ABOUT THE AUTHOR See More

Maham Arslan

Crypto News Writer | Blockchain & Web3 Reporter

Maham is a crypto news writer and market analyst specializing in breaking down the latest developments across blockchain, digital assets, and decentralized finance (DeFi). With hands-on experience covering high-impact stories—from regulatory shifts and token launches to macro-driven price movements—she delivers timely, accurate, and SEO-optimized content for fast-growing crypto media platforms. Her expertise lies in producing daily news reports, price predictions, technical summaries, and coverage of market-moving events. Maham tracks real-time updates across global newswires, X (Twitter), and on-chain data to provide actionable insights tailored for retail traders, crypto enthusiasts, and institutional readers. With a strong grasp of crypto fundamentals and Web3 trends, she delivers content that’s informed, accessible, and always on time.