XRP jumped drastically as it followed the upward trends of Bitcoin and Ethereum. This was all after a mini trade truce between the United States and China. Such volatility is fueled in part by an impressive increase in XRP addresses that hold over $1 million worth of the token. Strong accumulation signals from whale wallets point to an incoming breakout for the cryptocurrency. From a technical analysis perspective, XRP finally broke out of a falling wedge pattern. This breakout aims for this major resistance level and has the potential for a monster move higher.
XRP Price Surges on Trade Optimism and Whale Activity
XRP’s recent price jump has been explained by several factors, including renewed optimism for US-China trade relations. The trade truce has triggered a bullish wave of optimism within the cryptocurrency market. As a result, XRP and other large-cap cryptocurrencies such as Bitcoin and Ethereum are profiting from the windfall.
Adding to this sentiment is the remarkable rise in the growth of XRP addresses with a minimum balance of 10,000 XRP. That figure has continuously increased to almost 300,000. This is a new all-time high and demonstrates increasing confidence in the digital asset from a diverse set of institutional investors.
Whale wallets, which hold large amounts of XRP, have been showing a OK sign, adding more momentum to the rising price. Whales are buying the dip in XRP and increasing their holdings, further proving their deep conviction in its long-term value. Yet, this sort of activity signals a potential breakout soon.
Technical Indicators Point to Further Gains
From a technical analysis perspective, XRP’s price chart shows it has broken out from a bearish falling wedge pattern. This formation is usually seen as a bullish continuation pattern, meaning the price will likely continue moving higher.
Since May 10, the CVD lines for XRP whale classes have taken off. That dramatic growth reflects a strong momentum at today’s price points. This useful, if imperfect, metric accounts for the gap between purchase and sales volume. It further demonstrates that large holders are clearly in aggressive accumulation.
If the falling wedge pattern completely plays out, XRP might aim for the $3.48 resistance level. This level represents an important horizontal resistance level from the beginning of this year. If it does break and it does so successfully, it would reignite the path for additional bullish advancement. On the day of the news, XRP jumped 3.72% to reach $2.45, and that was just the beginning.
Sustained Accumulation and Bullish Momentum
As we noted months ago, larger holders have been steadily accumulating XRP. This is still true despite the recent price increase from below $0.70 to more than $2. This unprecedented accumulation pattern further shows a lack of investor intent by chasing short-term profits. In truth, they are accumulating XRP with a long-term mindset.
The XRP net position change metric, which has remained strongly positive since late April 2025, is proof of this continued accumulation. This is a measure of the gap between how much XRP is being purchased versus sold. This is evident with strong accumulation buying pressure.
XRP kicked off this ongoing rally after bouncing up from a wedge’s lower boundary. Day after day this rebound has been driven by high volume and a much increased Relative Strength Index (RSI), the base indicator that bullish momentum may have returned. With XRP soaring to $2.65 just last week, and nearing 2018’s all-time high, the burgeoning cryptocurrency still shows massive upward potential. The XRP/USD three-day price chart above adds further confirmation that this breakout is real.
