XRP Whales Bet Big: $12 Price Target by 2026 as Technicals Flash Green
XRP’s price action just got interesting—whales are accumulating, wave patterns are aligning, and analysts are whispering about a $12 target within 18 months. Cue the ’this time it’s different’ chorus.
The Whale Move:
On-chain data shows a single entity scooping up millions in XRP overnight. Either someone knows something, or they’re really committed to the ’buy high, sell higher’ strategy.
Chart Whisperers Agree:
Elliott Wave theorists point to a textbook bullish setup—because nothing says ’sure thing’ like drawing squiggly lines on a screen. Meanwhile, the usual suspects are already drafting their ’I told you so’ tweets.
Reality Check:
Sure, $12 would mean a 20x from current levels. But hey, in crypto-land, that’s just a Tuesday. Just don’t ask about the SEC’s ongoing ’is it a security?’ debate—some party poopers still insist on fundamentals.
Whale Accumulation is Fuel to the Fire
Adding to the bullish case is whale accumulation. On-chain data shows that the major wallet addresses holding 1M-100M XRP have added over 630M XRP in the last month. This buying is a sign of institutional and high net worth confidence in Ripple.
Whales are early movers in big market moves. Their accumulation during price weakness means they expect big upside. These big buys align with the Elliott Wave forecast and the $12 price target. The trend is similar to accumulation phases before big breakouts in other cryptos – more fuel to the fire.
XRP/USD Price Chart Source: TradingviewXRP/USD Technicals Define Short Term Momentum
Short term XRP/USD is at $2.14, showing weakness after breaking below the $2.2014 pivot. Price is below the 50 EMA at $2.1924 and the 200 EMA at $2.1857 – bearish. Immediate support is at $2.1264 which is a rising trendline. A break below this could be $2.0794 next.
- Immediate Resistance: $2.2014
- Next Resistance: $2.2561
- Immediate Support: $2.1264
- Next Support: $2.0794
MACD is weakening and without a bounce above $2.20, short term is still fragile. Wait for confirmation before entering. Long term is strong but short term is caution.
