XRP News Today: XRP Eyes $8.50 (158% Gain) as Whale Selling Dips 93.2% and Technical Patterns Mirror 2017

XRP, the third-largest cryptocurrency by market capitalization, has sparked renewed optimism as technical indicators and on-chain metrics align with a potential year-end rally. The asset recently broke out of a six-month symmetrical triangle—a pattern historically associated with significant price moves—mirroring its 2017 surge, which saw XRP rise from under $0.20 to $3.33 within weeks. Market analyst CryptoRat33 highlighted this similarity, noting the same Relative Strength Index (RSI) trajectory and technical setup. “Same pattern, same RSI sequence, same setup. 2017 gave us 20x to $3.33. 2025 targeting $8.50 by EOY,” the analyst stated in a recent social media post [1]. The current price of $3.24, according to CoinGecko data, suggests substantial upside potential if the projected target is met.

Technical strength is further supported by XRP’s position above the 50-day exponential moving average (EMA), a key support level that reinforces bullish momentum. The RSI’s alignment with its 2017 trajectory signals growing investor confidence, while the breakout from the triangle has drawn attention from traders and long-term holders. Unlike 2017, which was driven by speculative demand and early exchange listings, this rally is bolstered by stronger fundamentals, including a 2,260% surge in tokenized real-world assets (RWAs) on the XRP Ledger this year alone. This expansion underscores the token’s growing real-world utility, differentiating it from past cycles.

On-chain data reveals a dramatic shift in whale behavior, with selling pressure easing significantly. Between July 11 and July 28, whale-to-exchange flows—a metric tracking large holders’ offloading activity—plummeted 93.2%, dropping from 43,575 XRP to 2,965 XRP, according to CryptoQuant [2]. This sharp decline suggests whales are retreating from liquidation, potentially entering an accumulation phase. Historically, whale-to-exchange flows act as a bearish signal, as large transfers to exchanges often precede selling. The recent reduction indicates major holders are no longer eager to offload assets at current prices, reflecting heightened confidence in XRP’s long-term outlook.

The easing of selling pressure is particularly significant in the context of XRP’s price action. With fewer large sell-offs, downward pressure on the token’s valuation has abated, allowing organic demand to play a larger role in price discovery. Notably, whales have accumulated 280 million XRP over 10 days, further signaling a strategic shift from distribution to holding. Analysts argue this behavioral change could stabilize XRP’s price while fostering a more balanced market dynamic.

The convergence of technical and on-chain signals has positioned XRP as a focal point for end-of-year speculation. If the $8.50 target set by CryptoRat33 materializes, it would represent a 158% gain from current levels. However, the forecast hinges on sustained alignment between technical patterns and on-chain activity. While the recent whale behavior and triangle breakout provide a compelling case for optimism, investors must remain cautious. Market conditions remain fluid, with macroeconomic factors and regulatory developments capable of disrupting momentum.

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[1] [CryptoRat33] [https://twitter.com/CryptoRat33]

[2] [CryptoQuant] [https://www.cryptoquant.com]