Quickly understand the history and background of various well-known coins

XRP News Today: XRP Surges 55% Since April, Whale Flows Turn Positive

Coin WorldTuesday, May 13, 2025 8:41 am ET

1min read

XRP, the cryptocurrency, has seen a significant price increase of 55% since April, reaching a local bottom at approximately $1.61. This surge is attributed to bullish technical patterns and onchain data, which suggest a further price increase.

Whale flows, which refer to the movement of large amounts of XRP by addresses holding significant quantities, have flipped positive for the first time since November 2024. Historically, this shift has signaled trend reversals. According to data from CryptoQuant, whale wallets have been aggressively reducing their holdings since November 2024, pushing net flows into negative territory and preceding a sharp correction in XRP’s price from above $3.55 to under $2.00. However, as of mid-May 2025, the trend has reversed, with whale outflows slowing down and the 90-day moving average of net flows turning positive. This pattern has previously marked major bottoms or trend reversals, such as XRP’s rally from around $0.43 in July 2024 to $3.55 in January 2025, which resulted in approximately 400% gains.

Technical analysis of XRP’s price shows a breakout from a multimonth falling wedge pattern on the 3-day chart, a bullish reversal setup. The wedge, formed between December 2024 and early May 2025, had been compressing price action while volume declined, indicating accumulation. The breakout occurred in early May near the $2.25 level, just above the 50-period exponential moving average (EMA), which now acts as key support. Based on the wedge’s height, the breakout projects a price target near $3.45, around 40% above current levels. XRP’s relative strength index (RSI) also supports the bullish case, bouncing back above 57 and showing renewed buying momentum. However, analyst Mags highlights a key resistance near $2.80 that could temporarily cap XRP’s upside.

In the near term, XRP may consolidate above its 50-day EMA, particularly as whale inflows often signal the start of an accumulation phase before a stronger price breakout. Kripto Mavsimi, an analyst associated with CryptoQuant, noted, “The pace of outflows is slowing, and the bars are curling upward. It’s not full reversal yet — but it’s the first real sign of stabilization in months.” Such a base-building period would be a healthy development if consistent with how previous whale-driven rallies have unfolded.

Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.