XRP Surges 26% Weekly as Whale Action Hints at $3 Breakout

XRP is gaining significant traction this week, soaring by 26% and drawing heightened interest from analysts and traders alike. This surge appears to be fueled by a combination of strategic whale activity, technical chart patterns, and anticipation surrounding the upcoming XRP ETF launch.

Major XRP Transfer Sparks Speculation

A massive XRP transaction flagged by Whale Alert has captured the attention of the crypto market. Over 25.5 million XRP, valued at approximately $73.6 million, was moved to Coinbase from an unidentified wallet. This move has led to increased speculation regarding potential positioning ahead of major market developments. At the time of the transfer, XRP was being traded at $2.92.

Market interest intensified following this transaction, with XRP seeing a 2% daily uptick and recording more than $6.2 billion in trading volume within 24 hours. The timing and size of the whale activity suggest that influential investors could be gearing up for the next big move in the XRP market.

Technical Signals Mirror 2017 Bull Cycle

According to crypto analyst JD, XRPs current chart shows strong similarities to its 2017 breakout pattern. The analyst emphasized this parallel by referencing his previous prediction where he accurately identified a $0.28 bottom, stating he now expects to call the next peak. Presently, XRP appears to be consolidating after breaking out from a large symmetrical triangle pattern.

Technical indicators also support this optimistic outlook. The Stochastic RSI demonstrates a bullish crossover, while hidden divergence has been observed, indicating potential upward momentum. If these indicators follow through, XRP could be on the verge of another dramatic price increase reminiscent of its past rallies.

ETF Launch Fuels Momentum

Anticipation is building around the planned launch of ProShares XRP futures ETF on July 18, a development that’s adding momentum to current trading behavior. Market participants are monitoring how prices react around key levels, with strong activity seen between $2.85 and $2.93. The $3.00 mark is emerging as a crucial resistance point that many traders expect to challenge soon.

Despite the upbeat market activity, some institutional investors are treading cautiously due to ongoing regulatory uncertainties. However, once the ETF goes live, it could provide clearer insight into the degree of institutional demand for XRP.

Currently, XRP sits only 14% below its all-time high, which was last reached in January 2018 and tested again in 2025. With both technical patterns and market sentiment aligning positively, traders are watching eagerly for a push past this critical price barrier.

XRP Ecosystem Sees Broader Growth

Adding to the bullish sentiment around XRP is the expanding ecosystem that supports it. The enterprise-oriented stablecoin RLUSD recently exceeded a $500 million market capitalization milestone. This growth reinforces confidence in XRPs long-term potential and its foundational role within a maturing blockchain landscape.

This diversified momentumfrom whale activity and chart analysis to ETF developments and ecosystem expansionis painting a favorable picture for XRP’s immediate future. Should current trends continue, XRP holders may soon witness a breakout that propels the token to new heights.

25,526,865 XRP (73,649,849 USD) transferred from unknown wallet to #Coinbase

“I called the $0.28 bottom; I’m calling the top next.”

ProShares is set to launch its futures XRP ETF on July 18

Traders expect the next move to attempt to break that level

Related: XRP Price: $12M Max Pain for Bears

RLUSD passed $500 million in market cap