XRP News Today: XRP Surges 25% Weekly Amid Whale Accumulation and Rare Technical Pattern

XRP has experienced its most significant weekly gain since November, driven by a notable increase in whale wallet activity and growing institutional confidence. This surge in price has been accompanied by a rare technical setup on XRP’s weekly chart, identified by veteran trader Peter Brandt. Brandt forecasts a potential 60% rally, targeting $4.47, based on this unique pattern.

Brandt’s analysis highlights a “highly rare continuation compound fulcrum” pattern on the XRP/USDT weekly chart. This pattern, characterized by multiple smaller formations such as failed breakdowns and wedges, typically precedes substantial price movements. Brandt suggests that once this pattern resolves, XRP could see a rally of approximately 60%, pushing prices toward the $4.47 mark. However, he cautions that a decisive break below the $1.80 support level would invalidate this bullish scenario. The rarity and complexity of this pattern make it a significant indicator for traders looking to anticipate major trend continuations.

The recent price surge in XRP aligns with a record high in the number of wallets holding at least 1 million XRP tokens, indicating increased confidence among large investors. This accumulation by “whales” often precedes substantial price rallies, as these holders typically have the resources and conviction to influence market dynamics. The week ending July 13 saw XRP rise approximately 25%, marking its best weekly gain in over half a year. This performance coincides with broader positive momentum in the crypto market and growing signs of an “altcoin season.”

Onchain data from Glassnode indicates that XRP has transitioned into a “belief–denial” phase, signaling sustained investor conviction without signs of capitulation. Historically, this phase suggests that investors are holding onto profits with confidence, and the market is not exhibiting panic selling or capitulation. Unlike previous cycles where XRP entered the “euphoria–greed” phase before sharp corrections, the current NUPL readings imply a more sustainable rally. This data supports the technical outlook and reinforces the narrative that XRP is establishing a robust foundation for further price appreciation.

Given the convergence of technical signals, whale accumulation, and positive onchain sentiment, XRP appears positioned for a potential breakout. Investors should monitor key support levels, particularly around $1.80, to assess the validity of the bullish setup. Maintaining awareness of broader market trends, including Bitcoin’s price stability, remains critical as it influences altcoin performance. Traders are encouraged to consider these factors when formulating strategies, balancing the potential for significant gains with prudent risk management. Staying informed through reliable sources and onchain analytics will be essential in navigating the evolving landscape.

In conclusion, XRP’s recent price action, underpinned by a rare technical pattern and record whale accumulation, signals growing institutional confidence and a potential rally toward $4.47. Onchain sentiment metrics corroborate this outlook, indicating a healthy market environment without signs of panic. While key support levels must hold to sustain momentum, the current indicators suggest XRP is well-positioned for further gains in the coming months.