XRP price ‘highly rare’ setup eyes 60% gain past $3, veteran trader says
2025-07-14 08:47:44
Main Idea
A veteran trader predicts a potential 60% price rally for XRP, citing a rare technical setup and strong weekly gains, while on-chain metrics and whale activity indicate rising investor confidence.
Key Points
1. XRP could rally by around 60% to $4.47, according to a veteran trader analyzing a 'compound fulcrum' setup on the weekly chart.
2. XRP posted its strongest weekly gain since November, rising approximately 25% in the week ending July 13.
3. The number of wallets holding at least 1 million XRP has reached a record high, signaling increased confidence among large investors.
4. On-chain data shows XRP has moved into the 'belief-denial' phase, historically indicating potential for further price gains.
5. A break below the $1.80 support level could invalidate the bullish setup.
Description
XRP posts strongest weekly gain since November as whale wallets hit record high, signaling rising confidence among large investors.
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