Ripple (XRP) Poised for Explosive Breakout After 32-Week Accumulation Phase
XRP bulls are licking their lips as the embattled token finally shows signs of life after a grueling 32-week stalemate. The sleeping giant's chart is printing a textbook accumulation pattern—and you know what that means.
The Setup:
Ripple's native token has been trapped in a suffocatingly tight range since December 2024, frustrating both moonboys and bears. But here's the kicker: every prolonged consolidation in crypto history has eventually resolved in violent moves. Always.
The Catalyst:
On-chain data reveals whales have been quietly gobbling up XRP during this period—because nothing says 'smart money' like buying an asset the SEC tried to kill. Meanwhile, retail traders remain blissfully distracted by the latest meme coin du jour.
The Play:
Technical indicators are flashing the most bullish signals since XRP's 2021 rally. The 32-week compression resembles a coiled spring, with the weekly RSI resetting to 2017-level baselines. If this breaks north, the liquidity vacuum above could trigger a FOMO cascade that'd make your local crypto bro's head spin.
Just remember: in crypto, patience either gets rewarded or liquidated. Choose wisely.
XRP Price Trends Higher Amid Low Volume
Ripple (XRP) was trading at $2.34 as of Wednesday, posting a 2.4% gain in the last 24 hours. This follows a rise from $2.26 and extends the asset’s weekly gain to 6.48%. Its total market capitalization now stands at approximately $137.4 billion.
Meanwhile, trading volume has dropped 42.4% in the same period, with $2.58 billion in tokens changing hands. Lower volume during a price rise can signal weaker conviction, though the overall trend remains positive. The 24-hour trading range sits between $2.26 and $2.34.
Technical Setup Mirrors 2017 Pattern
According to trader @Ripplesinwales, XRP’s price has completed a 32-week consolidation period. This pattern matches a similar formation that occurred in 2017, which preceded a sharp breakout in week 33.
$XRP has been in a 32 week consolidation
Same duration consolidation occurred in 2017
Week 33 could be explosive pic.twitter.com/HImaSFLhbp
— Ripples 
(@Ripplesinwales) July 9, 2025
Chart data confirms the token is moving out of a long-term symmetrical triangle, a structure that often leads to a directional move. Volume has shown small signs of picking up. This has led traders to monitor the next few sessions closely as a potential breakout window.
Futures Market Open Interest Nears Record
Open interest in XRP futures reached $5.17 billion, marking a 3.07% increase and the highest reading since January. This surge brings XRP’s open futures positions NEAR their previous all-time high. The metric has risen 33% since the June 22 low, showing stronger interest in derivatives markets.
In addition, Coinglass data indicates that open interest peaked at 800 million XRP before settling slightly lower at 743 million. Futures open interest reflects how much capital is deployed in active positions, and growth in this area suggests that traders are positioning for possible larger moves.
As previously reported by CryptoPotato, Steph Is crypto pointed out that XRP’s Bollinger Bands have recently tightened. The last time the asset saw this setup, it resulted in a 600% price move.
