XRP sets sights on $12.50 as explosive rally gains steam
Main Idea
XRP's price could potentially reach $12.50 in the coming months due to a breakout from a long-standing consolidation range, despite recent bearish activity and whale transactions.
Key Points
1. XRP's breakout from a consolidation range (December 2024 to June 2025) suggests a potential rise to $12.50, supported by historical patterns and technical indicators like the 50-week moving average and Bollinger Bands.
2. Recent bearish activity, including large whale transactions (e.g., 50 million XRP moved by a Ripple co-founder's wallet), contributed to a sell-off and $86 million in long liquidations on Binance.
3. Despite short-term volatility, on-chain data shows whale accumulation, with 2,743 wallets holding over 1 million XRP each, totaling 47.32 billion tokens (4.4% of supply).
4. XRP's current price is $3.16, up 3% in 24 hours but down 9% over the past week, with technical indicators like RSI (61.49) and moving averages ($2.50 50-day SMA, $1.84 200-day SMA) suggesting underlying strength.
Description
Although XRP has experienced significant capital outflows over the past week, technical indicators suggest the asset could still reach a record high of $12.50 in the coming months. This ambitious target is tied to XRP’s breakout from a long-standing consolidation range that spanned from December 2024 to June 2025, according to insights shared by TradingShot in a TradingView post on July 25. XRP price analysis chart. Source: TradingView The analyst noted that this current setup closely mirrors th...
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