XRP (XRP) is down 2% previously 24 hours, at the moment buying and selling at $2.14 after a weekend pullback throughout the broader crypto market.
Whereas current whale exercise – together with a 29.5 million XRP switch to Coinbase valued at $64.4 million – may recommend short-term stress, it might additionally sign strategic repositioning forward of a serious transfer.
Large transfers typically spark concern, however they don’t at all times result in sell-offs, particularly when sentiment throughout the market is popping bullish.
— Whale Alert (@whale_alert) May 3, 2025
What’s extra, XRP’s weekly chart is starting to reflect a historic sample that preceded main rallies in previous cycles – setting the stage for a powerful rebound.
If this sample repeats, the present dip might mark the calm earlier than a breakout – supporting a bullish XRP price prediction within the weeks forward.
XRP Might Rise to $7+ if This Historic Sample Repeats
An Elliott Wave evaluation exhibits that XRP might be within the final leg of its current uptrend and will make a big transfer towards the $7 space within the subsequent few months.
The value motion seems fairly much like what occurred again in November 2020 when the 21-day EMA made a bullish crossover above the 200-day EMA. Again then, the value moved from $0.697 to almost $2 in simply 6 months.
This bullish crossover occurred in November final 12 months as nicely and has pushed the value close to its all-time excessive. Therefore, if this historic sample repeats, it favors a push to $7 fairly quickly.
Momentum indicators within the weekly chart have been enhancing these days and help a bullish outlook as destructive readings within the MACD’s histogram have been slowing down.
So long as the value stays above the 21-week EMA, this bullish outlook for XRP remains to be in play. So, is it attainable that XRP might attain $10 this 12 months? The chances favor a smaller enhance towards the $7 degree however, even when it doesn’t get to $10, this nonetheless means a 227% achieve based mostly on right this moment’s costs.
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The submit XRP Price Prediction: Whale Activity Signals Massive $10 Breakout Soon appeared first on Cryptonews.
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