XRP Ready to Soar? 2.2B Token Accumulation Could Trigger $3.40 Breakout!

Jakarta, Pintu News – After months of grinding in a narrow consolidation range, the price of XRP (XRP) has finally surged to its highest level since March 2. The altcoin has risen by 30% in the past seven days.

While bears may argue that this rally is close to reaching saturation point, on-chain data and technical indicators suggest otherwise.

Current signals indicate the possibility of XRP surpassing its all-time record high, which was reached more than seven years ago.

Here’s a closer look at the metrics that drove this breakout and reasons why XRP might trade even higher.

XRP Breaks Resistance Level

On July 14, the price of XRP stood at $2.98. Based on the 4-hour chart (July 14), the altcoin’s surge was triggered by a breakout from the symmetrical triangle pattern that had restricted price movement from June 26 to July 8.

Read also: 5 Altcoins Predicted Ready to Break New All-Time High, Able to Beat Bitcoin?

The breakout occurred when XRP broke through the $2.30 support level. After crossing the boundary, the bulls aggressively defended the upper trendline of the triangle and prevented any significant price correction.

Adding strength to the bullish momentum, XRP also formed a golden cross pattern shortly after the breakout. The 20-day EMA line (blue) crosses above the 50-day EMA (yellow), which reinforces the potential for uptrend continuation.

If this trend holds, the price of XRP is likely to test the next resistance level soon and potentially challenge its all-time record high.

Whale Adds 2.2 Billion Coins in 14 Days

The last time the XRP price hit a record high of $3.84 was in 2018, almost eight years ago.

However, current on-chain trends suggest that large holders may be preparing for the next historical push.

Based on on-chain data from Santiment, large holders of XRP – specifically wallets holding between 100 million to 1 billion tokens – have increased their holdings since the beginning of July.

On July 1, this group of whales collectively held 7.6 billion XRP. Today, that number has jumped to 9.8 billion, reflecting an accumulation of 2.2 billion coins.

This significant jump in the number of holdings indicates the growing confidence of well-capitalized investors.

If this accumulation trend continues, it could provide fuel for XRP to challenge – perhaps even surpass – its record high price.

Read also: Metaplanet Buys Another $93.6 Million Worth of Bitcoin, Total BTC Holdings Now Reach 16,352!

XRP Price Prediction: $4 is Very Likely to Reach

Just like the 4-hour chart analysis, the daily chart of XRP/USD also shows a bullish outlook. The altcoin broke out of the symmetrical triangle pattern again on the higher time frames.

Supporting this breakout, the Supertrend indicator has turned bullish, with the green line now below the current price level – indicating strong support in the key demand zone. This pattern suggests that buyers will likely continue to aggressively defend the current price level.

Meanwhile, the Moving Average Convergence Divergence (MACD) indicator further strengthens the bullish argument. The MACD line has moved into positive territory, and more importantly, there was a bullish crossover between the MACD line and its signal line.

If this trend holds, the XRP price could continue its rally towards $3.50 and potentially even test or surpass the $4 mark – which would be a new all-time record high.

However, if selling pressure increases, especially near the resistance area, XRP could experience a correction, with a potential drop to the $2.70 or even $2.30 range – levels that previously served as support on breakouts.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CCN. XRP Breaks Out – 2.2B Accumulation Points to New All-Time High Above $3.40. Accessed on July 15, 2025