Why is XRP Up Today? Whale-Driven Rally Sends Ripple to Nearly $3
2025-07-12 07:31:55
Main Idea
XRP experienced an 8% surge to $2.78, driven by aggressive whale activity and leveraged long positions, with analysts eyeing further gains if key resistance levels are breached.
Key Points
1. XRP surged 8% to $2.78, peaking at $2.96 before retracing slightly, with intraday volatility at 14%.
2. A $14.03M leveraged long position on Hyperliquid indicated aggressive whale activity, supporting the price rally.
3. Analysts identified $2.90–$3.40 as the next resistance zone, with potential for further upside if breached.
4. Key support levels were observed at $2.70–$2.75, with failure to hold above $2.70 possibly leading to a pullback to $2.58–$2.60.
5. Volume spiked to 375M, with a notable 2.6M volume spike between 05:30–05:35 validating the breakout toward the session close.
Description
What to know: XRP rallied 8% from $2.58 to $2.78 between July 11 06:00 and July 12 05:00, with an intraday high of $2.96 at 15:00 before retracing. Afternoon price action saw exceptional volume — over 375M between 13:00–15:00 — with buyers repeatedly defending the $2.70–$2.75 zone. A $14.03M leveraged long was opened on Hyperliquid at $2.30, signaling aggressive whale positioning. Analysts now target $2.90–$3.40 as the next resistance band, citing bullish structure and capital inflows. News Back...
Latest News
- Another BTC Mining Firm Moves Into Ethereum Reserve, Hailing ETH as ‘Digital Gold’2025-07-12 17:29:31
- Tether to Halt USDT on Omni, BCH, Kusama, EOS, Algorand as Focus Shifts to Layer 2s2025-07-12 15:58:16
- Pump.fun Swiftly Raises $500M in Public Sale at $4B Fully Diluted Valuation2025-07-12 15:57:40
- Coinbase’s Pudgy Penguin Avatar Change, ETF Hopes Ignite 60% PENGU Rally2025-07-12 14:51:14
- ‘We Expect Bitcoin to Top $200K by the End of Year’, Says Bitwise CIO2025-07-12 13:54:02