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Key Takeaways:
- Whales acquired over 130 million XRP during a market dip, signaling institutional confidence.
- Analyst projects a breakout to $3.82 based on Fibonacci patterns and wave theory.
- Despite declining derivatives activity, long positions dominate across major platforms, suggesting bullish sentiment remains intact.
XRP has caught the attention of crypto whales once again. According to data from Ali_Charts shared on X (formerly Twitter), large investors scooped up more than 130 million XRP over the last 24 hours. This aggressive accumulation coincided with a dip in XRP’s price toward the $3.00 support zone, a level that has shown strong historical demand.
Whales bought the dip, scooping up over 130 million $XRP in the past 24 hours! pic.twitter.com/JQJVc757UZ
— Ali (@ali_charts) July 25, 2025
Wallets holding between 10 million and 100 million XRP significantly increased their balances, signaling institutional-level confidence. Adding to the bullish narrative, Nature’s Miracle announced a $20 million XRP treasury program, which could further strengthen investor sentiment in the short term.
Technical Setup Points to $3.82 Target
Popular crypto analyst CasiTrades highlighted that XRP recently tested the $3.21 resistance but failed to break through. It has since retraced to the $3.00 mark, which aligns with the 0.854 Fibonacci retracement level—a point that has historically triggered bullish reversals.
🚨 XRP Tests Critical $3 Support: Is Wave 3 About to Begin? 🚨
— CasiTrades 🔥 (@CasiTrades) July 25, 2025
Unfortunately, $XRP could not hold the $3.21 resistance, and ultimately has come back down to backtest the $3.00 major support.
What's promising is that we have not made a new low. Instead, it appears to have… pic.twitter.com/bVD3HAwRBN
CasiTrades believes XRP has completed its wave 2 correction and is now poised for a wave 3 rally. If this scenario plays out, the next target is projected at $3.82, based on the 2.618 Fibonacci extension. This price point also mirrors XRP’s prior all-time high, adding psychological and technical weight to the forecast.
Derivatives Data Reflects Mixed Market Sentiment
Despite the bullish technicals, derivatives market activity has slowed. According to Coinglass, trading volume for XRP derivatives dropped by 37.07% to $15.43 billion in the last 24 hours, while open interest declined by 5.77% to $8.87 billion. Options trading volume and open interest saw even steeper drops, suggesting traders are currently risk-averse.
Also Read: 450M XRP Sold Amid Chris Larsen Wallet Moves — Will $3.21 Breakout Spark Recovery?
However, long positions still dominate. On Binance, the long/short ratio for XRP is 2.82, while OKX shows a similar ratio of 2.08. This indicates that most traders are still betting on upward price movement, even as they reduce overall exposure.
Price Volatility Tied to Whale Transfers
XRP is currently trading at $3.14, down 1.41% on the day, per CoinMarketCap. The recent price drop has been partially attributed to Ripple co-founder Chris Larsen’s transfer of $175 million worth of XRP to various exchanges. Such large movements often trigger short-term volatility and uncertainty in the market.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
