Whale Alert: XRP (XRP) Skyrockets as Mega Investors Go on Buying Spree

Whales are thrashing the waters—XRP just got devoured in a feeding frenzy.

The big players are back. After months of sideways action, deep-pocketed traders just dumped nine-figure sums into Ripple’s token. Result? A 24-hour double-digit surge that left retail scrambling.

Behind the pump: A perfect storm of accumulation. On-chain data shows three fresh whale wallets vacuuming up XRP like BlackRock hoovers ETFs. Meanwhile, exchanges report liquidity crunches—good luck filling large orders now.

Technical breakout or trap? The move smashed through resistance levels that held since Q1. But skeptics note the same whales could dump holdings faster than a VC exits a rug-pull project. Classic crypto volatility—where today’s moon mission is tomorrow’s re-entry burn.

One thing’s certain: When the suits start buying, the market listens. Even if their ‘diamond hands’ last exactly as long as their profit targets.

TLDR

• XRP surged 6% breaking out of a descending wedge pattern with volume spiking 168% above daily average
• Whale wallets holding over 1 million XRP now control 47.32 billion tokens showing institutional accumulation
• Ripple’s RLUSD stablecoin crossed $500 million market cap milestone this week
• Trading volume reached 219.30 million during the breakout compared to 24-hour average of 81.85 million
• Price formed fresh support at $2.53 with consolidation above $2.54 confirming trend continuation

XRP experienced a sharp price increase on July 10-11, climbing from $2.42 to $2.57 in a 6% surge that broke the cryptocurrency out of a multi-week descending wedge pattern. The breakout occurred at 21:00 on July 10, with the price jumping from $2.50 to $2.56 on heavy volume.

Trading volume during the breakout reached 219.30 million, representing a 168% increase above the 24-hour average of 81.85 million. The price action showed an intraday volatility of 7% with a range of $0.17 between the low of $2.42 and high of $2.59.

Market sentiment around XRP improved following developments with Ripple’s RLUSD stablecoin, which surpassed a $500 million market cap earlier this week. This milestone represents growth for the XRP-backed ecosystem and has contributed to renewed interest from institutional participants.

Whale Accumulation Reaches New Heights

Whale wallet activity has become a key driver of XRP’s recent price movement. Wallets holding over 1 million XRP now account for 47.32 billion tokens, indicating DEEP institutional accumulation. This whale activity has coincided with the technical breakout pattern.

💥 BREAKING:#XRP Wallets Surge to 7.12 Million — that’s 840,000+ new addresses added in just 6 months! 📈🔥

Adoption is no longer coming. It’s here. pic.twitter.com/Dad66gyloH

— XRP Governor (@xrpgovernor) July 11, 2025

The accumulation data suggests institutional investors are positioning for potential regulatory clarity. Traders are increasingly pricing in favorable regulatory outcomes for Ripple in U.S. and Asia-Pacific jurisdictions, which has contributed to elevated whale activity and renewed institutional participation.

Technical Structure Shows Bullish Momentum

The descending wedge breakout above $2.30 provided a bullish continuation signal that analysts had been monitoring. Fresh support formed at $2.53 following the breakout, with consolidation above $2.54 confirming the uptrend structure.

The price is now trading above both the $2.50 level and the 100-hourly Simple Moving Average. A key bullish trend line has formed with support at $2.50 on the hourly chart. The 23.6% Fibonacci retracement level of the upward MOVE from the $2.250 swing low to the $2.5870 high is holding as support.

Resistance levels are forming NEAR $2.60, with the first major resistance at this level. A clear move above $2.60 could send the price toward $2.620 resistance. Further gains might target the $2.650 resistance level or even $2.6850 in the near term.

Current Market Dynamics

The final hour of trading showed some cooling as XRP dipped 0.35% from $2.58 to $2.57, forming a descending channel with successive lower highs. This pullback suggests short-term profit-taking after the breakout move.

Volume spike of 4.10 million at 03:25 points to possible institutional distribution as some traders took profits. However, the broader trend structure remains intact with support holding above key levels.

The hourly MACD indicator is gaining pace in the bullish zone, while the RSI is above the 50 level. Major support levels are positioned at $2.50 and $2.450, with major resistance at $2.60 and $2.620.

If XRP fails to clear the $2.620 resistance zone, initial support on the downside sits near $2.50 and the trend line zone. The next major support level is near $2.450, with a break below this level potentially leading to a decline toward $2.420 or the 50% Fibonacci retracement level.

The breakout is backed by volume confirmation and whale wallet data, with improving fundamentals from Ripple’s RLUSD ecosystem. XRP closed the session at $2.57 after reaching an intraday high of $2.5870 during the breakout move.