XRP News Today: XRP Potential Wave 5 Rally Toward $6.85 as Wallet Activity Rises and Support Holds

XRP is exhibiting signs of a potential Wave 5 rally targeting $6.85, driven by rising wallet activity and robust technical support levels as of July 30, 2025. Analysts highlight that XRP’s price trajectory aligns with a bullish continuation pattern underpinned by on-chain metrics and Elliott Wave analysis. Key factors include the reactivation of dormant wallets, strong support at $3.15, and resistance at $3.61, with a breakout above the latter expected to accelerate upward momentum. According to on-chain data from Santiment, the average age of XRP holdings has decreased by 13% in the last month, reflecting renewed activity as investors reposition assets rather than liquidate holdings [1].

Elliott Wave analysis by Dark Defender identifies Wave 5 as the final leg of an uptrend, following the completion of Waves 1 through 3 and ongoing consolidation in Wave 4. Breaking above $3.61 would validate this bullish phase, supported by RSI trends and Fibonacci extensions. The analyst notes that Waves 1 through 3 are already in place, with Wave 4 currently in progress [1]. This framework suggests a nearly 100% price increase from current levels if the $6.85 target is achieved.

On-chain activity further reinforces the optimism. Santiment’s metrics reveal a 91-day reduction in the average age of XRP holdings, indicating a shift in investor behavior toward circulation and trading. The “Age Consumed” metric, which tracks the age of transferred coins, has spiked, signaling large holders are adjusting portfolios—a precursor to price rallies in past cycles [1]. Active wallets, particularly those previously dormant, have surged, reflecting growing confidence in XRP’s utility beyond speculative trading. Analysts attribute this to XRP’s role in cross-border payments and DeFi ecosystems, bolstered by its low fees and fast transaction speeds [3].

Technical indicators emphasize the importance of key levels. Support at $3.15 has held firm during recent volatility, acting as a critical floor for further gains. Resistance at $3.61, however, remains a pivotal threshold. A decisive breakout above this level would likely trigger a surge toward $6.85, with the RSI trend suggesting a consolidation phase before the next move [1]. Traders are advised to monitor the $5.20 support zone, as a sustained hold above this level could confirm the continuation of the bullish trend.

While the technical and on-chain signals are encouraging, external factors could influence XRP’s trajectory. Broader cryptocurrency market sentiment and macroeconomic conditions, such as regulatory developments or shifts in risk appetite, remain potential risks. For instance, global equities recently declined ahead of the Federal Reserve’s policy decision, with the S&P 500 and Nasdaq 100 falling by 0.3% and 0.2%, respectively [2]. Such movements, though not directly tied to XRP, could dampen crypto gains if risk-off sentiment intensifies. Similarly, PayPal’s Q2 results—despite strong earnings—highlight how market volatility can overshadow corporate performance [4].

The $6.85 target is a technical forecast grounded in historical patterns and current data, but it must be contextualized within the dynamic crypto landscape. Institutional adoption and regulatory clarity are critical variables that could either accelerate or hinder XRP’s upward movement. For now, the confluence of rising wallet activity, strong support levels, and a bullish technical setup positions XRP as a potential outperformer in the coming weeks. Investors are advised to track on-chain metrics alongside macroeconomic indicators to assess the sustainability of the rally [5].

[1] Title: XRP Shows Potential for Wave 5 Rally Toward $6.85 Amid Rising Wallet Activity and Key Support July 30, 2025

[2] Title: Stocks Slip Ahead of Fed Decision and Megacap Tech Earnings

[3] Title: MLQ.ai | Stocks

[4] Title: PayPal Posts Strong Q2 Results, but the Stock Is Falling Anyway

[5] Title: XRP Shows Potential for Wave 5 Rally Toward $6.85 Amid Rising Wallet Activity and Key Support July 30, 2025

(Note: URLs for sources [1]–[5] were not provided in the original compilation.)