The cryptocurrency market remained relatively calm over the weekend, with Bitcoin struggling to surpass the $105,000 level. Despite its attempt, Bitcoin is now trading slightly above $104,000. Meanwhile, XRP has emerged as the top performer on South Korea’s largest exchange, Upbit, capturing significant market attention.
XRP Surpasses BTC and ETH on Upbit
XRP’s trading volume on Upbit surged to an impressive 11.3% share of the $3.59 billion total in the past 24 hours, overtaking Bitcoin and Ethereum combined. This remarkable performance has prompted speculation of a potential liquidity takeover by XRP. Analysts believe the surge in trading volume could signal growing interest in the altcoin amid heightened activity in recent months.
Adding to the buzz, a whale purchased 11 million XRP on Sunday from Upbit, raising questions about potential big news or a price surge on the horizon. While the identity of the whale remains unknown, market watchers speculate that the move could indicate confidence in XRP’s legal victories or growing adoption in Asia.
BREAKING:🚨
— 𝕏aif🇮🇳|🇺🇸 (@Xaif_Crypto) May 11, 2025
A crypto whale just scooped up 11,000,000 $XRP from Korean giant Upbit!
Is something BIG coming? pic.twitter.com/sObAcjnHqn
Whale Accumulation Continues
Data from Santiment shows that XRP whales have accumulated over 880 million tokens in the past month, a sign of growing confidence in the altcoin’s upward trajectory. The influx of whale activity coincides with XRP hitting a seven-week high of $2.4712, fueled by rumors of a potential BlackRock XRP ETF filing. Although BlackRock has not confirmed the speculation, the rumor alone has been enough to stir excitement in the market.
Whales have accumulated over 880 million $XRP in the past month! pic.twitter.com/SQWf2U1yZB
— Ali (@ali_charts) May 8, 2025
Price Projections and Technical Analysis
Currently trading at $2.39, XRP has gained 10% in the past week. Analyst Ali Martinez suggests that if XRP follows a symmetrical triangle pattern, it could shoot up to $15. Additionally, prominent analyst Dark Defender believes that XRP is in Wave 5 of the current cycle, potentially targeting a range of $5.85 to $6.39. He notes that the weekly RSI is also turning bullish, supporting the optimistic outlook.
If the governing pattern behind $XRP is this symmetrical triangle, the target could be $15. pic.twitter.com/zFICoLyu2x
— Ali (@ali_charts) May 11, 2025
As the market watches for further developments, XRP’s recent dominance on Upbit and increasing whale accumulation could be indicators of a significant price movement ahead.
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.
Also Read: Crypto Analyst JD Predicts XRP Surge to $10-$99 – Will Investors Cash In?
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
