🚀 XRP Soars 6% in Breakout Rally as Whale Holdings Balloon to 47B Coins

Whales are doubling down—and retail traders are scrambling to catch the wave.

XRP just blasted past resistance levels with a 6% surge, its most aggressive move in weeks. The catalyst? A staggering 47 billion XRP now sits in whale wallets—enough to make even the most jaded crypto skeptic raise an eyebrow.

Market movers vs. bag holders

While analysts debate whether this is accumulation or pre-pump distribution, one thing's clear: when whales move, the market follows. The 47 billion stash represents over 8% of XRP's total supply—a concentration that'd give traditional finance regulators nightmares (not that crypto cares).

Breaking down the breakout

The rally comes as Ripple's legal battles with the SEC enter a critical phase. Traders appear to be betting on a favorable outcome—or just riding the momentum before the next 'sell the news' event. Either way, volatility's back on the menu.

Remember kids: in crypto, whales don't just swim—they make tsunamis. And right now, they're throwing a pool party where the entry fee is your risk tolerance.

XRP Sees Bullish Momentum on Key Breakout

Between July 10 and July 11, XRP jumped from $2.42 to $2.57, reaching an intraday high of $2.59. The MOVE was accompanied by a 168% surge in trading volume, with 219.3 million XRP changing hands during the rally — far above the daily average of 81.85 million. The breakout occurred around 9:00 PM UTC on July 10, when XRP moved cleanly above $2.50 and established fresh support at $2.53.

According to on-chain data, whale wallets holding over 1 million XRP now control 47.32 billion tokens, indicating growing institutional demand for XRP. This level of accumulation reinforces long-term bullish sentiment and suggests that major players are positioning for higher prices.

RLUSD Stablecoin Adds Fuel to XRP Rally

One of the major catalysts behind the XRP rally is the rise of Ripple’s RLUSD stablecoin, which recently crossed a $500 million market cap. This milestone has strengthened the overall XRP ecosystem, positioning it as a key player in stablecoin innovation and blockchain-based financial infrastructure.

Traders and analysts are optimistic that RLUSD’s success could enhance XRP’s use cases and lead to broader adoption, especially if Ripple receives favorable outcomes in its ongoing regulatory battles. Optimism around potential legal clarity in the U.S. and Asia-Pacific has contributed to increasing market confidence in XRP.

Technical Analysis: XRP Breaks Out of Descending Wedge

From a technical perspective, XRP’s breakout is significant. The asset broke above a multi-week descending wedge pattern NEAR $2.30 — a classic bullish continuation signal. A descending wedge typically forms during a consolidation period before a major breakout.

Following the breakout, XRP confirmed its bullish momentum by consolidating above the $2.54 level. This area is now being watched closely as a key support zone, with analysts expecting further upside if it holds.

However, in the final hour of trading (between 2:28 AM and 3:27 AM UTC), XRP experienced a minor pullback from $2.58 to $2.57. This move formed a short-term descending channel with lower highs at $2.59, $2.58, and $2.57. A volume spike of 4.1 million tokens during this hour suggests that some institutional profit-taking may have occurred, though the broader trend remains intact.

What Traders Are Watching Next

Traders are now focusing on whether XRP can break the $2.60 resistance level, which could open the door to the next key price zone between $2.70 and $2.90. This area represents a major resistance band from XRP’s 2021 rally, and breaking it could reignite bullish momentum last seen during that cycle.

At the same time, analysts are keeping a close eye on whale wallet behavior and continued growth in the RLUSD stablecoin. Both are considered macro-level indicators of XRP’s long-term strength and adoption potential.

If XRP fails to hold above $2.54, a short-term retest of $2.53–$2.50 could follow. A confirmed breakdown below $2.50 WOULD weaken the bullish structure and potentially invite further consolidation.

Outlook: XRP Gathers Momentum, Eyes $2.90 and Beyond

The recent price breakout is more than just a technical move — it’s becoming a capital FLOW story. With real volume backing the rally, strong whale accumulation, and Ripple’s ecosystem expansion through RLUSD, XRP may be entering a new growth phase.

A clean move above $2.60, backed by high volume, could lead XRP to test the $2.90 zone in the coming sessions. Some bullish analysts are even eyeing a push to $5.00, provided regulatory clarity and ecosystem growth continue.

For now, XRP has made a solid technical breakout, with the data pointing to rising institutional interest and ecosystem strength. Traders should watch volume, support levels, and macro news around Ripple’s ETFs and legal case — as these factors will determine whether the rally sustains or stalls.