XRP Price Prediction: 2,742 Whale Wallets Power XRP Past $2.43, Eyes $2.59
XRP just touched $2.43—its highest level in over seven weeks—on the back of strong on-chain signals and growing institutional interest.
Quick overview
- XRP has reached $2.43, its highest price in over seven weeks, driven by strong on-chain signals and increased institutional interest.
- The number of wallets holding over 1 million XRP has surged to 2,742, indicating strong long-term conviction among large holders.
- Recent significant transfers of XRP suggest strategic realignment, potentially in anticipation of regulatory or product announcements.
- Ripple's ongoing regulatory efforts and institutional partnerships are enhancing XRP's fundamentals and increasing investor interest.
XRP just touched $2.43—its highest level in over seven weeks—on the back of strong on-chain signals and growing institutional interest. According to Santiment, the number of wallets holding more than 1 million XRP has surged to 2,742, nearing all-time highs. These wallets now hold a combined 47.32 billion XRP, signaling strong long-term conviction from large holders.
Adding fuel to the rally are two major transfers: a 25.5 million XRP move to Coinbase (worth around $60 million) and 200 million XRP—nearly $477 million—moved from Ripple to an unknown wallet. This kind of movement often hints at strategic realignment, possibly in preparation for new regulatory or product announcements.
Analysts see this accumulation as more than just speculation. It reflects XRP’s rising utility, especially as Ripple deepens its role in bridging traditional finance with crypto infrastructure.
Institutional Tailwinds Gain Momentum
XRP’s fundamentals are strengthening, thanks to a mix of global expansion and regulatory progress. Its status as the top-traded token on Upbit, South Korea’s largest exchange, highlights robust retail interest in Asia. But what’s more telling is what’s happening on the institutional front.
- The ProShares XRP ETF was recently listed on the DTCC, hinting at a possible U.S. launch.
- Ripple’s RLUSD stablecoin has surpassed $500M in supply in just seven months.
- BNY Mellon is now listed as the reserve custodian for RLUSD.
- Ripple has applied for a national banking license in the U.S.
- CEO Brad Garlinghouse recently testified in front of the U.S. Senate.
These developments suggest that Ripple is doubling down on regulatory clarity and institutional alignment. As TradFi infrastructure meets blockchain, investor appetite for XRP appears to be growing in lockstep.
XRP/USD Technical Setup Points to More Upside
From a charting perspective, XRP is riding a well-defined ascending channel and currently trades at $2.4321—up over 15% since breaking the $2.2453 pivot earlier this week. Price remains consistently above the 50-EMA ($2.2918) and 200-EMA ($2.2283), reinforcing a bullish trend structure.
Key resistance sits at $2.4668. If price clears that level, the path opens to $2.5306 and potentially $2.5908. RSI is currently at 68—elevated but not yet signaling extreme overbought conditions. The recent candles show strong buying interest with minimal upper wicks, which typically signals bullish continuation.
However, traders should monitor for reversal patterns like a shooting star near resistance. If price dips, $2.3910 becomes the key support level, followed by $2.3356.
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