XRP News Today: XRP May Rally 540% as On-Chain Activity Surges

XRP, the cryptocurrency associated with Ripple, has been trading sideways for several months, but according to crypto analyst Mikybull Crypto, it may be on the brink of a significant rally. Mikybull Crypto has drawn parallels between XRP's current price movements and its historic surge in 2017, suggesting that the token could be poised for another substantial increase, potentially reaching as high as $14.

Mikybull Crypto shared a three-week XRP price chart that highlights two similar timeframes: one from 2017, when XRP reached its then all-time high of $3.38, and the other from 2025, where the coin appears to be repeating the same triangle consolidation pattern. In 2017, XRP experienced a sideways movement for months before surging by 1,300% in just a few weeks. If XRP follows a similar trajectory, it could see a breakout toward $14, marking a significant rally from its current price of around $2.19.

This potential rally coincides with Ripple's ongoing legal battle with the SEC, which has been in a critical stage since 2020. The case is currently on hold until August 15, with both parties having submitted a revised settlement motion. The district court has yet to approve it, but a favorable outcome for Ripple could potentially trigger the next major rally for XRP.

Supporting the bullish outlook, data from Santiment indicates a significant increase in XRP's on-chain activity. Daily active addresses have surged to 295,000, a sevenfold jump from the three-month average of 40,000. Additionally, whale accumulation has reached a record high, with over 2,700 wallets now holding at least 1 million XRP, the highest in the token's 12+ year history. This surge in on-chain activity and whale accumulation suggests growing investor interest and confidence in XRP's potential for a significant rally.