- XRP whales accumulated 120 million tokens, worth $340 million, in three days.
- The price must hold above the key $2.88 supply zone to continue upward.
The price of XRP found a base at $2.70 on Monday. It then moved upward, reaching $2.92. This represented an increase of 8.5%. A subsequent decline from that high point indicates some traders secured profits from the short-term rise.
Data from Santiment shows wallets holding 10 million to 100 million XRP bought more than 120 million tokens in a 72-hour period. The value of this accumulation is approximately $340 million. These particular wallets now control close to 8% of all XRP in circulation.
The price increase met a barrier at $2.95. This level aligns with the 50-day simple moving average. The current retreat may find a stopping point at $2.80, which is the lower boundary of a symmetrical triangle pattern on price charts. A further drop could test a support area between $2.69 and the 200-day simple moving average at $2.55.
For a sustained upward move, the price must maintain a position between $2.88 and $2.95. The zone contains both the 50-day and 100-day moving averages. A decisive close above the triangle’s upper trendline at $3.05 would signal a breakout. Such an event could initiate a move with a measured objective of $4.20. This would be a 47% gain from present levels.
Analyst Gordon observed that a breakout from this pattern could lead to a rapid and forceful price advance. Separate reports note XRP is positioned for its strongest quarterly closing price on record, establishing a foundation for possible gains in the final quarter of the year.
XRP (Ripple) is trading at $2.82, down 1.83% in the last 24 hours. On the weekly scale, XRP has slipped 0.87%, while its monthly performance shows a marginal 0.38% gain. Over longer periods, XRP is up 39.8% in six months and an impressive 341% year-over-year. Its market capitalization stands at $169.27 billion, with a 24-hour trading volume of $4.70 billion.
Ripple achieved regulatory clarity in August 2025 after settling its five-year legal battle with the SEC, paying a $125 million penalty. This resolution removed a long-standing cloud over XRP in the U.S. market.Â
Meanwhile, the SEC has requested issuers to withdraw 19b-4 filings for XRP ETFs, which paradoxically has increased expectations for approval, as Bloomberg analysts now place odds at nearly 100%. Applicants are shifting focus to S-1 registration statements to move the ETF process forward.
Institutions are also signaling strong interest. Reports indicate plans to lock up $10 billion and 5 billion XRP, potentially reducing retail supply by around 5%. Additionally, partnerships continue to expand, with SBI Ripple Asia signing an MoU to develop an NFT payment platform on the XRP Ledger, part of Ripple’s broader push into tokenized commerce.
