XRP Surges on Whale Activity to Hit 2-Month Peak

XRP has surged to its highest value in over two months, fueled by strategic whale activity and renewed bullish sentiment across the crypto market.

Ripple’s native token recently surpassed $2.67, its strongest point since early March, after initially hovering around $2.4. The spike followed a notable market move from a prominent crypto whale known for successful trade timing. This investor opened a leveraged position worth nearly $12 million on XRP, betting on the asset’s continued upward momentum.

Just days prior, XRP had been lagging behind in performance when compared to other major altcoins such as Ethereum (ETH) and Dogecoin (DOGE), both of which had recorded robust gains in the past week. XRP had only managed a 9% uptick over the same period. But a technical signal known as the SuperTrend flashed a bullish setup for XRP, suggesting a potential surge to $2.6. That forecast quickly came true, with the asset climbing beyond expectations.

On the Bitstamp exchange, XRP broke through resistance to touch $2.67, marking its highest level in over eight weeks. At that point, XRP had gained over 10% in daily trading, positioning it as the third-largest cryptocurrency by market capitalization — a spot it continued to alternate with USDT amid ongoing volatility.

The recent whale activity played a vital role in XRP’s rapid ascent. As reported by analytics platform Lookonchain, the investor behind the move had previously opened a long position on ETH right at the onset of its price rally and had already accumulated over $10 million in unrealized profit. Building on that success, the whale then placed a fresh 2x leveraged long bet on XRP worth approximately $12 million. Within eight hours of opening the XRP position, the trade was already showing an unrealized gain of $261,000.

This strategic investment carried significant weight in investor circles, prompting swift reactions from the XRP community. Prominent voices within the so-called “XRP Army” took note of the movement, pointing to $3 as the next key milestone price level should XRP decisively break past the $2.6 resistance zone.

Even with brief pullbacks, XRP’s latest performance reflects strong investor confidence and market optimism, driven by both positive technical indicators and influential trades by high-stakes players. As XRP continues its upward trajectory, traders will be watching closely to see if the momentum holds and whether the $3 mark comes into reach.

Despite recent underperformance relative to some competing altcoins, XRP is reasserting itself with renewed market interest, drawing attention from retail and institutional investors alike. Whether this latest rally will develop into a more extended bullish trend will depend on continued accumulation, favorable technical indicators, and broader crypto market support.

Related: Expert Advice: Sell XRP If You’re Confused

For now, XRP’s movement demonstrates the significant impact that whales and sentiment-driven trading can have on the market, especially when aligned with timely technical signals. With that, XRP reclaims a spotlight position, keeping investors on edge for what comes next.