HomeNewsXRP Price Holds $2.60 Amid Whale Selling and Retail Panic: Analysts Eye...

XRP Price Holds $2.60 Amid Whale Selling and Retail Panic: Analysts Eye $7โ€“$12 Targets

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After a volatile week of profit-taking and renewed social media speculation, XRP is trading around $2.62, up roughly 4% in the past 24 hours, according to data from CoinMarketCap.

Despite short-term selling pressure, analysts say the market structure remains intact, and potential upside targets between $7 and $12 are coming back into focus.

Whale Movements and Retail FUD Collide

According to Ali Martinez, large wallets holding between 100,000 and 10 million XRP sold nearly 70 million XRP within 48 hours, signaling a wave of whale-driven profit realization.

The drop in accumulation coincided with a rise in retail โ€œfear, uncertainty, and doubt (FUD)โ€ according to Santiment, as smaller investors began exiting positions in the $2โ€“$3 range.

However, Santiment notes that this type of sentiment divergence often precedes recoveries. โ€œMentions of XRP falling below $2 typically signal buying opportunities,โ€ the firm wrote, while excessive optimism above $3 tends to mark local tops.

Technical Setup Points to Potential Breakout

Chart analyst @XRPCro highlighted a clean bullish structure forming on the weekly timeframe, calling XRP โ€œgearing up for liftoff.โ€ His Fibonacci extension model sets price targets of $7.20, $13.10, and $24.90, depending on the strength of the next breakout.
The recent price action shows XRP consolidating above major resistance turned support, with key levels at $2.20 and $2.85. As long as the asset holds above $2.40, traders view it as a constructive accumulation zone.

Market Cap and On-Chain Data Reinforce the Trend

XRPโ€™s current market capitalization sits near $158 billion, with over 484,000 holders and daily volume exceeding $3.4 billion. On-chain metrics show that whale transactions have slowed, and overall crowd sentiment is beginning to stabilize after the latest correction.

The CoinMarketCap chart also reveals that XRP is trading close to its 2025 highs, maintaining its position as the fourth-largest cryptocurrency by market cap, behind Bitcoin, Ethereum, and Tether.

Analyst Consensus: Consolidation Before the Next Move

While short-term volatility remains likely, most analysts agree that XRPโ€™s macro trend remains bullish. Ali Martinez recently pointed out that the structure resembles mid-cycle patterns observed in Bitcoin during previous rallies, suggesting that current consolidation could precede a renewed push toward higher targets.

As retail traders rotate out and institutional sentiment steadies, the marketโ€™s focus is shifting to whether XRP can close above $3, a move that would likely confirm the start of a new expansion phase.

If momentum sustains and volume returns, analysts say a breakout toward $5 and beyond could arrive faster than expected, especially as XRP continues to recover from whale-driven sell-offs and retail overreactions.

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Bhushan Akolkar
Bhushan Akolkar
Bhushan is a FinTech enthusiast and possesses a strong aptitude for understanding financial markets. His interest in economics and finance has drawn his attention to the emerging Blockchain Technology and Cryptocurrency markets. He holds a Bachelor of Technology in Electrical, Electronics, and Communications Engineering. He is continually engaged in a learning process, keeping himself motivated by sharing his acquired knowledge. In his free time, he enjoys reading thriller fiction novels and occasionally explores his culinary skills. Business Email: [email protected] Phone: +49 160 92211628
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