TLDR

XRP price rallied over 5% and traded above $3.00 before starting a correction
Currently trading at $2.92, showing a 3.16% daily gain within an ascending regression channel
2,743 whale wallets now hold at least 1 million XRP each, controlling over 47.32 billion tokens
Key support levels include $2.82 and $2.75, while resistance levels are at $2.95 and $3.02
Technical indicators show strong momentum with RSI at 83.07 and bullish MACD divergence

XRP price has shown strong performance recently, rallying above the $3.00 level before entering a correction phase. The cryptocurrency started a fresh increase after settling above the $2.65 level, following similar patterns to Bitcoin and Ethereum.

The bulls pushed XRP above the important $2.80 resistance level and continued the momentum past $3.00. A high was formed at $3.0324 before the price began correcting gains.

During today’s Asian trading session, XRP opened at $2.8522 and has maintained a uniform uptrend, confirming a price surge of 3% in the last 24 hours. The cryptocurrency is currently trading at $2.92.

XRP Price on CoinGecko

XRP is now trading above $2.80 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2.82 on the hourly chart of the XRP/USD pair.

The price has retraced below the 50% Fibonacci retracement level of the upward move from the $2.66 swing low to the $3.0324 high.

Whale Wallets Reach All-Time High

A detailed report by Santiment indicates a sharp increase in large wallet activity, with whales steadily accumulating XRP. As of the latest data, 2,743 wallets now hold at least 1 million XRP, the highest number ever recorded.

This figure surpassed the previous record within the last 24 hours, as confirmed via an X post by Paul Barron.

UPDATE: whale alert – Over 2,700 wallets now hold at least 1 million $XRP each, controlling more than 47 billion tokens. This record accumulation by large holders reflects growing market confidence in @Ripple pic.twitter.com/eXt0h6Dx1h

— PaulBarron (@paulbarron) July 14, 2025

Alongside the wallet count, the total volume held by large investors has also risen. These wallets now control 47.32 billion XRP, reflecting strong accumulation.

The growth in both wallet number and total holdings started in early July and continued through the latest trading sessions. The wallet count and the total coin balance have moved upward together.

Both metrics began climbing as the token’s price recovered from recent lows. The synchronized rise indicates that large investors have been adding to their positions during the price recovery.

Technical Analysis Confirms Uptrend

According to TradingView data, XRP’s price has moved within a defined ascending regression channel, which developed following a rebound from $0.86.

The Relative Strength Index rose sharply to 83.07, up from a previous reading of 63.78. This movement places the indicator above the 70 threshold, which historically reflects strong momentum and overbought conditions in short timeframes.

The MACD line reached 0.15614 while the signal line stood at 0.08175. This separation formed a histogram value of 0.07439. The divergence between both lines reflects increasing momentum behind XRP’s current price action.

The MACD structure has widened consistently during this move. The token continues to hold within the rising channel, with support forming around the $2.90 level.

On the upside, XRP might face resistance near the $2.92 level. The first major resistance is near the $2.95 level. A clear move above this resistance might send the price toward the $3.02 level.

Any more gains might push the price toward the $3.08 resistance or even $3.12 in the near term. The next major hurdle for the bulls might be near the $3.20 zone.

If XRP fails to clear the $2.95 resistance zone, it could start another decline. Initial support is near the $2.82 level and the trend line zone. The next major support is near the $2.80 level.

If there is a downside break and a close below the $2.80 level, the price might continue to decline toward the $2.75 support. The next major support sits near the $2.65 zone.

The hourly MACD for XRP/USD is now losing pace in the bullish zone, while the hourly RSI is now below the 50 level.

If current conditions remain, the next test could appear near the $3.00 psychological barrier. The indicators align with continued upward pressure, supported by recent price and volume behavior across sessions.

The post XRP (XRP) Price: Whale Wallets Reach Record High of 2,743 as Token Trades at $2.92 appeared first on Blockonomi.

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Filed under: Bitcoin - @ July 15, 2025 8:22 am