XRP News Today: XRP Targets $8.50 as Whale Sell-Offs Drop 93%

Ripple’s XRP token has triggered renewed market speculation as technical indicators and on-chain data suggest potential for a year-end rally to $8.50. A key factor fueling optimism is the 93% drop in whale-to-exchange flows between July 11 and July 28, signaling reduced selling pressure from large holders and a possible shift toward accumulation [1]. This development aligns with a technical breakout from a six-month symmetrical triangle, a pattern historically associated with significant price surges in XRP.

The current price action mirrors XRP’s 2017 parabolic rise, when the asset surged from under $0.20 to $3.33 following a similar technical setup. Analyst CryptoRat33 highlighted this parallel in a recent post, noting the identical RSI trajectory and breakout pattern. “2017 gave us 20x to $3.33. 2025 targeting $8.50 by EOY,” the analyst stated, suggesting a replication of the 2017 momentum could propel XRP toward $8.50 by year-end [2]. The Relative Strength Index (RSI) currently reflects growing bullish momentum, reinforcing the view that investor confidence is building.

On-chain data from CryptoQuant further supports a potential bullish reversal. Whale-to-exchange flows, which peaked at 43,575 XRP in mid-July, fell to 2,965 XRP by late July—a 93.2% decline. Such a sharp reduction in exchange-bound transactions typically indicates whales are retreating from selling, either locking in positions or reallocating assets to long-term storage [1]. This shift reduces supply-side pressure on XRP’s price, creating room for organic demand to drive upward momentum.

The fundamental landscape for XRP has also strengthened compared to 2017. Tokenized real-world assets (RWAs) on the XRP Ledger have surged by 2,260% this year, reflecting broader adoption of the blockchain for real-world use cases. Unlike 2017, when growth was driven largely by speculative demand and exchange listings, XRP now benefits from tangible ecosystem expansion.

While the $8.50 target is a forecast tied to the analyst’s technical analysis, it remains contingent on market conditions. Whale behavior is a critical variable—though the 93% drop in selling is a strong signal, it represents a snapshot rather than a sustained trend. A reversal in whale activity could reintroduce volatility, particularly if smaller traders follow suit. Additionally, macroeconomic factors and broader crypto market sentiment could influence outcomes.

At press time, XRP traded at $3.24, holding above the 50-day EMA, a key technical support level. The combination of aligned technical signals, reduced whale selling, and improving fundamentals has positioned XRP as a focal point for traders and long-term holders. However, the volatile nature of crypto markets underscores the importance of monitoring both on-chain dynamics and external catalysts as the year progresses [1].

Source: [1] [XRP Targets $8.50 as Whale Sell-Offs Drop 93%] [https://coinpaper.com/10216/xrp-poised-for-8-50-year-end-rally-as-whale-sell-offs-plunge-93] [2] [title1XXXXXXX] [url1XXXXXXXXXXXXXXXXXX]