Whales Are Buying XRP Again — Is $4 the Next Stop?

Key Takeaways:

• Whale activity is surging, with large holders accumulating over 8.3B XRP.
  
• Strong support at $2.95–$3.00 must hold for bullish momentum to continue.
  
• Analysts target $3.82–$4.47, citing Fibonacci and Elliott Wave patterns.

The XRP price climbed above $3.11 this week, rebounding from last week’s dip as whale accumulation and strong network growth spark renewed optimism. Analysts now forecast a potential move to $4 or higher, citing technical indicators and bullish wave patterns.

Whales Accumulate Despite Sell-Off

Last week’s 50 billion XRP sale by Ripple co-founder Chris Larsen triggered a temporary decline to $2.95. However, instead of fueling panic, it set the stage for strategic accumulation. According to Santiment, wallets holding 10 million–100 million XRP now own 8.31 billion tokens—a monthly high that reflects rising confidence among large holders.

This concentration of XRP reduces market volatility and builds a price floor. With fewer coins available to sell, the upward momentum strengthens, attracting retail buyers seeking to ride the rally.

XRP Network Growth Supports Bullish Outlook

XRP’s network metrics further support the bullish case. The XRP Ledger (XRPL) has seen a surge in new wallets, averaging over 7,500 new addresses per day since July 18. This signals sustained demand and growing utility, reinforcing price action.

Santiment highlighted XRP’s resurgence above $3.25 and its 30% gain against Bitcoin over the last month, calling attention to the asset’s relative strength.

Key Support Zones to Hold Before $4 Target

Analysts agree that holding key support levels is critical for XRP to reach $4. The $2.95 level, aligned with both the monthly VWAP and RVWAP, remains a strong demand zone. Analyst Dom noted that the recent pullback cleared 30% of open interest, potentially setting the stage for a cleaner move up.

Also Read: 7 Powerful Reasons Why XRP Might Replace Traditional Cross-Border Payment Systems

CasiTrades highlighted $3 as the “critical support,” with a breakout above $3.30—home to the 50-period SMA—unlocking upside potential toward $3.82. XForceGlobal and Peter Brandt pointed to Elliott Wave patterns and rare continuation formations that could push XRP to $4 or even $4.47.

The combination of whale accumulation, technical strength, and network growth places the coin in a favorable position. Analysts now believe the coin is entering its “most profitable phase,” with the $4 mark well within reach—if critical support levels hold.

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

Sean Williams

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!