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XRP Bulls Charge as Whale Wallets Swell—Is This the Breakout Traders Crave?

XRP Bulls Charge as Whale Wallets Swell—Is This the Breakout Traders Crave?

Published:
2025-05-20 15:06:03
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XRP’s price chart flashes a textbook bullish pattern just as blockchain sleuths spot whales gobbling up tokens. The timing? Suspiciously convenient for a crypto that’s spent years playing courtroom ping-pong with regulators.

Whale alert: On-chain data shows seven-figure XRP purchases stacking up—classic ’buy the rumor’ behavior before SEC lawsuits get downgraded to slapfights.

Technical setup: That ascending triangle formation suggests a 20% pump if resistance cracks. Of course, in crypto-land, ’if’ does more heavy lifting than a Bitcoin miner’s cooling system.

The kicker? Watch the $0.55 level. Break that, and suddenly every hedge fund intern starts pitching ’the next PayPal of blockchain’ to their boss over cold brew.

XRP whale activity

XRP whale activity | Source: Santiment

XRP price technical analysis

Ripple token

Ripple token chart | Source: crypto.news

The daily chart shows that xrp price is wavering and has retested the 50-day Exponential Moving Average at $2.2850. It has formed an inverse head and shoulders pattern, with the neckline at $2.5812.

The coin has already completed the formation of the head and shoulders structure and only needs to MOVE above the neckline. 

A move above the neckline at $2.5812 will point to more gains, potentially to the year-to-date high of $3.40, up by 45% from the current level. A drop below the psychological point at $2 will invalidate the bullish outlook.

|Square

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