XRP Price Eyes $20 Breakout as Ripple Whales Gobble Up 50M Coins—Time to Ride the Wave?

Ripple's XRP is flashing bullish signals again—and this time, whales are betting big.

With a staggering 50 million XRP scooped up by deep-pocketed investors, the stage might be set for a run toward $20. But is this another crypto pump waiting to happen, or the real deal?

Whales are circling

The sudden accumulation spree suggests big players see value at current levels—or know something the rest of us don’t. Either way, retail traders are left playing catch-up.

Technical breakout incoming?

XRP’s price action hints at a potential breakout, but let’s not forget: in crypto, ‘potential’ often rhymes with ‘pain’. Still, with Ripple’s legal clouds clearing, the stars might finally align.

Just remember—whales eat first. Everyone else gets the crumbs.

XRP price has stolen the spotlight recently, soaring past the $3.3 level once again.

Notably, this current surge comes after the conclusion of the long-running Ripple Vs. SEC lawsuit, which has sparked investors’ confidence.

The XRP case has continued to weigh on the investors’ sentiment over the past few years, resulting in a massive fall in the asset’s price.

However, the recent developments appeared to have bolstered market confidence, as evidenced by the recent buying pressure from traders.

According to recent data, the large investors, often regarded as “whales,” have bagged 50 million coins despite the ongoing surge.

This Ripple whale buying reflects the regaining confidence of market participants.

Meanwhile, amid this, an analyst has highlighted a technical trend that suggests a looming breakout ahead.

He has highlighted an indicator that has previously resulted in a 630% rally in the asset’s price.

XRP Price Soars Amid Massive Bets from Ripple Whales

XRP price has recorded marginal gains today in the 24-hour timeframe, soaring past the $3.3 mark.

However, despite the slight gains, the trading activity was muted, as evidenced by the declining volume of 59% to $5.35 during writing.

Notably, Ripple coin has added around 13% in the weekly chart, while jumping more than 35% over the last 30 days.

This reflects the soaring confidence of traders in the asset, which is further evidenced by the recent market data.

In a recent X post, renowned market expert Ali Martinez has highlighted the buying pressure in the XRP market.

According to him, Ripple whales have accumulated 50 million XRP over the last few days, which might have contributed to the recent gains in it.

Besides, XRP Futures Open Interest also stayed in the green, indicating a bullish momentum in the derivatives market as well.

Notably, these developments come after Ripple secured a potential victory in the long-running XRP lawsuit this week.

For context, Ripple and the US SEC jointly filed a motion on August 8 to dismiss their appeals, which caught the eyes of traders.

Besides, Ripple CLO Stuart Alderoty has called the development “The end,” which further bolstered market confidence.

Can Ripple Price Break Through $20?

XRP price has touched a daily high of $3.36, after the potential end in the Ripple SEC case, while touching a low of $3.21.

Amid this, experts weigh in to share the potential future movements of the coin, which has attracted investors’ attention.

For context, in a recent X post, analyst Ali Martinez has highlighted a key technical indicator, hinting at a massive breakout ahead.

He has cited the MVRV ratio, which has flashed a “golden cross.” He noted that this signal has preceded significant price rallies in the past.

According to Martinez, the last two instances of this signal resulted in xrp price surges of 630% and 54%.

So, if history repeats itself, the current price of $3.30 could be headed for a massive breakout.

A 630% rally WOULD take the price to over $20, a substantial increase that would delight investors.

While past performance is not a guarantee of future returns, the MVRV ratio’s track record has many speculating about XRP’s potential next move.

Meanwhile, sharing further analysis, expert EGRAG CRYPTO said that XRP price needs a daily close above $3.45 to continue its rally.

Besides, he noted that losing the $3.20 mark could invalidate the bullish momentum.

Having said that, investors are keeping close track of both the $3.20 and $3.45 levels. Besides, the bulls must support the $3.30 level to trigger another massive run in Ripple’s price.