XRP News Today: XRP Surges 2.35% as Whale Selling Plummets 93% to $3.25 Amid $3.37 Breakout Potential

XRP has surged 2.35% over the past 24 hours, reversing a week-long consolidation phase as reduced whale selling and broader market optimism create a favorable environment. The token currently trades near $3.25, approaching a critical resistance level at $3.37. This threshold aligns with a key Fibonacci extension within the ongoing rally structure and represents a price barrier that has persisted throughout July [1]. A successful breakout above $3.37 could trigger a multi-tiered ascent, targeting $3.62, $3.83, and ultimately $4.00—a psychological level that would mark a potential all-time high for the asset [1].

The shift in XRP’s trajectory is closely tied to a dramatic decline in whale activity, with large wallet outflows to exchanges plummeting by 93% between July 11 and July 28. On July 11, whale-to-exchange flows totaled 43,575 XRP, but by July 28, this figure had dropped to 2,965 XRP. This reduction suggests a significant easing of selling pressure from major holders, a pattern often observed ahead of stabilization or recovery phases [1]. While outflows remain slightly elevated compared to early July levels, the sustained decline indicates that much of the recent bearish momentum may have already been absorbed by the market. Analysts note that such shifts typically precede renewed buyer participation, particularly if volume continues to build above key support zones [1].

Technical indicators further reinforce the potential for a bullish breakout. XRP’s price action has shown increasing volume above $3.25, forming a sustained base trendline that has held for over a month. This pattern reflects consistent buying interest, with analysts suggesting that a clean break above $3.37 could trigger rapid upward expansion, especially if the $3.83 level is cleared [1]. Historical data supports this view, as XRP has historically followed through with strong upward moves after overcoming significant resistance clusters.

However, risks remain if key support levels are breached. A breakdown below $2.96—a level identified as the zero Fibonacci extension—would invalidate the current bullish case and could trigger a correction back into the consolidation range. Such a scenario might delay any attempt to reclaim record highs, particularly if broader market conditions falter [1].

The broader cryptocurrency market has also contributed to XRP’s recent momentum. A sector-wide rebound, driven by Ethereum’s ascent toward $4,000, has created a more favorable risk-on environment. XRP’s low float and high institutional ownership make it particularly sensitive to shifts in whale activity, and the recent sell-off abatement has reignited discussions about its potential to outperform smaller-cap peers [1].

While the immediate outlook appears constructive, investors are advised to remain cautious. XRP remains below its 200-day moving average, and short-term volatility is likely if the price struggles to hold above $3.25. However, the combination of reduced selling pressure and improving technical indicators suggests that XRP is nearing a pivotal moment. A confirmed breakout above $3.37 would not only validate the current bullish narrative but also open the door to a multi-week rally, contingent on maintaining broader market stability [1].

Source: [1] [Bitcoin Price Recovers $3K, SUI Rockets 10% to $4] [https://cryptoadventure.com/bitcoin-price-recovers-3k-sui-rockets-10-to-4-weekend-watch/].