XRP hits 7-week high above $2.39 as whale accumulation rises — What’s next for XRP price?
2025-07-10 08:50:15
Main Idea
XRP reached a seven-week high above $2.39 on July 10, driven by increased trading volume and growing holdings by large wallets, with technical indicators suggesting continued momentum.
Key Points
1. XRP's price climbed to $2.39 on July 10, its highest since May 23, with a 4% daily and 7% weekly increase.
2. The number of wallets holding at least one million XRP rose to 2,742, collectively holding 47.32 billion XRP.
3. Trading volume surged by 74.1% in 24 hours to $4.54 billion, with open interest increasing by 10.12% to $5.62 billion.
4. Technical indicators like the RSI (66) and expanding MACD suggest strong momentum without overbought conditions.
5. Key resistance levels to watch are $2.50 and May highs around $2.63, while a drop below $2.30 could signal a failed breakout.
Description
XRP climbed to a seven-week high above $2.39 on July 10, buoyed by rising investor interest and growing momentum among large holders. According to data shared by Santiment on July 9, XRP ( XRP ) crossed $2.39 for the first time since May 23. There are now 2,742 wallets with at least one million XRP, a significant increase. Together, these wallets currently hold 47.32 billion XRP, a figure that represents growing confidence among major holders and ongoing accumulation close to the top of the supp...
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