XRP News Today: XRP Surges 14% in 48 Hours Driven by Whale Activity and Social Interest

XRP, the cryptocurrency, has recently shown significant movement after a prolonged period of stagnation. The token surged from around $2.30 to nearly $3 in less than 48 hours, catching many traders off guard. This rally was driven by several major catalysts, including strong whale activity and increased social interest.

XRP's price had been trapped in a tight trading range for weeks with little momentum. However, on 11 July, the token broke out of its sideways phase and rallied 8% in a single day. The cryptocurrency hit a high of $2.96 on July 12 before pulling back slightly, but it still managed to hold above important support levels around $2.70. This bullish price action was backed by strong trading volume, with over 375 million XRP changing hands during the most active two-hour window.

One of the key catalysts behind the rally is the resurgence in network activity and community interest. According to blockchain analytics firm, XRP saw a spike in new wallet creation, with almost 7,000 new addresses added in just 24 hours. This kind of user growth typically shows that fresh capital is entering the market and tends to come before price expansions. At the same time, XRP became the most talked-about crypto on social media with 5.5% of all crypto-related discussions, the highest level of chatter since March, when Ripple’s CEO announced a legal victory.

While retail investors may have restarted the buzz, the whales helped push the rally into overdrive. As XRP started climbing, the number of wallets holding at least one million tokens rose to an all-time high. On Hyperliquid, one whale even opened a massive leveraged long position at $2.30. This kind of aggressive behavior indicates that these investors are confident in the asset and are applying upward pressure accordingly. Such whale behavior not only shows strong conviction but can also act as a price anchor. As long as those positions remain open, they often discourage selloffs below their entry point.

From a charting perspective, XRP had been forming an ascending triangle pattern in the charts. This meant that a breakout was incoming, with the pattern’s higher lows pushing up against the $2.78–$2.90 zone. Once XRP broke past that horizontal resistance, it did so with real volume and over 375 million tokens traded in just a two-hour period on July 12. In total, XRP saw a price swing of 14% between 12 and 13 July, which validated the bullish momentum. As it stands, analysts now point to $2.90–$3.40 as the next viable resistance zone, with some even eyeing $5+ if macro conditions stay favorable.