Ripple’s XRP is proving to be one of the strongest performers in the cryptocurrency market, standing out amid broader struggles. Over the past 14 weeks, the XRP/BTC price ratio has soared by an impressive 297%, reflecting growing investor confidence. With whale and shark wallets steadily accumulating XRP, market sentiment remains bullish.
Analyzing Ripple’s 14-week surge—Can XRP target $3 next?
— 🇳🇱 MackAttackXRP® 🇳🇱 (@MackAttackXRP) February 20, 2025
XRP has defied market trends, posting a 297% gain against Bitcoin since November. Whale accumulation continues, reinforcing bullish sentiment.
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Whale and Shark Accumulation Boosts Confidence
According to Santiment data, wallets holding at least 100,000 XRP have increased by 0.8% since early December. This trend indicates that major investors are positioning themselves for future price appreciation. While Bitcoin remains range-bound, XRP’s steady climb suggests a shifting dynamic in the market. Large wallet accumulation is often seen as a precursor to sustained bullish momentum, but whether this trend will continue remains a key question.
XRP Price Analysis: Can the Rally Continue?
At the time of writing, XRP is trading at $2.6881, experiencing a minor 1.81% dip over the past 24 hours. Key technical indicators continue to support a bullish outlook. The 50-day moving average sits at $2.6778, closely aligning with the current price, while the 200-day MA at $2.3202 provides strong underlying support.
However, XRP is approaching the upper Bollinger Band, indicating potential volatility ahead. The Accumulation/Distribution (A/D) metric, currently at 5.98 billion, underscores the strong buying interest. If this accumulation trend persists, XRP could soon challenge the critical $3 resistance level. Conversely, if large holders begin offloading their tokens or if market conditions deteriorate, a retracement to $2.35 is possible.
What’s Next for XRP?
For now, traders and investors should closely monitor whale activity and Bitcoin’s price movements. If institutional accumulation continues, XRP could maintain its upward trajectory, potentially breaking new highs in the coming weeks. However, increased selling pressure or a shift in broader market sentiment could challenge the current momentum.
Also Read: XRP Officially Recognized as Convertible Virtual Currency by U.S. DOJ – What It Means
With XRP showing resilience and outperforming major assets, all eyes are on whether it can sustain this rally or if bears will step in to curb its gains. As the crypto landscape evolves, XRP’s performance will remain a key focal point for traders seeking bullish opportunities.
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.
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