After a huge 6.5% price rise in the last 24 hours, XRP, Ripple's own cryptocurrency, has been making moves in the cryptocurrency market. XRP is rising strongly, as shown by its market value of $142.14 billion and trade volume of $10.09 billion.
A key driver behind this surge? Massive whale accumulation. Large investors have purchased 1 billion XRP tokens during a recent market dip, fueling speculation about a potential price explosion.
Meanwhile, crypto market liquidations have hit $481.17 million, with 160,099 traders liquidated in the past 24 hours, according to Coinglass. Binance recorded the largest single liquidation, wiping out a $6.82 million XRPUSDT trade.
But could this bullish wave push XRP to an all-time high of $33? Let’s dive in.
A sharp rise in active wallet addresses is one of the most encouraging indicators for XRP at the moment. From 74,509 to 462,650 active addresses, XRP's network activity has surged 620%, over the past week.
According to crypto researcher Ali Martinez, XRP has been aggressively accumulating by whales, hence boosting market trust. Usually indicating substantial buying pressure, this increase in wallet activity follows past large market gains.
Crypto expert EGRAG CRYPTO (@egragcrypto) has drawn attention to a compelling chart analysis, suggesting that XRP could surge between $27-$33 in the next 28 days.
His analysis is based on historical price movements, noting that XRP’s current structure mirrors its 2017 bull run—a rally that saw XRP skyrocket by over 2,500% in just weeks.
Key bullish signals supporting his prediction:
XRP is holding strong above the 21-week Exponential Moving Average (EMA).
Whale accumulation continues to grow.
Fibonacci levels indicate a breakout is imminent.
According to Egrag, ‘Time in the market is more important than timing the market!’
XRP Fibonacci Levels: Bullish Price Targets
By analyzing Fibonacci retracement levels, Egrag highlights key price milestones for XRP before reaching the ultimate $33 target:
Fib 1.272 Level: $8.38 – First breakout level
Fib 1.414 Level: $13.67 – Major resistance zone
Fib 1.618 Level: $27-$33 – Ultimate price surge target
Current XRP price consolidation:
0.888 Fibonacci level: $2.23 (Current level)
0.786 Fibonacci level: $1.57 (Strong support)
0.702 Fibonacci level: $1.78 (Potential buy zone)
If bullish momentum continues, these levels could serve as stepping stones toward a major breakout.
A lot of buyers were caught off guard when XRP went up by 2,500% in just a few weeks in 2017.
If history repeats itself, XRP might rise to $33 next month. Though previous trends are helpful guides, various external factors could affect the price movement of XRP:
Regulatory Developments: Investor confidence still depends much on the result of the SEC vs. Ripple lawsuits.
Bitcoin & Market Sentiment: BTC’s price action often influences altcoins, including XRP.
Institutional Adoption: Increased interest from hedge funds & institutional investors could drive demand.
With whale accumulation surging and technical indicators flashing bullish signals, XRP appears to be on the verge of a major move. However, the crypto market remains highly volatile, and investors should always conduct their own research.
Will XRP hit $33 in the next 28 days? Only time will tell, but signs are promising for a historic rally.
Disclaimer: This article is for informational purposes only. Cryptocurrency investments are subject to risk. Conduct your own research before investing.
Also read: PI Network Binance Listing Concerns: Can PI Overtake XRP & SOL?Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.