- XRP price surges as whales buy 900M XRP in 48 hours, aiming for a $12.60 target.
- XRP price breaks consolidation, with key support at $3.2 and resistance ahead.
- Rising whale activity and Fibonacci levels signal continued bullish momentum for XRP price.
XRP price is seeing increased attention, especially with recent whale activity in the market. Over a span of just 48 hours, whales have accumulated around 900 million XRP. This substantial buying has fueled speculation that XRP may be heading towards a significant price target, with many traders now eyeing the $12.60 mark.
XRP Price Targets: Eyes on $12.60 as Momentum Builds
The surge in whale activity has boosted optimism around XRP, with institutional investors showing strong confidence in its potential. This increased buying, particularly over a short period, reduces supply and could push prices higher.
XRP price technical setup supports this bullish view, having recently broken out from a long consolidation. With whales accumulating 900 million XRP in just 48 hours, key Fibonacci levels such as $1.47 (0.786 retracement) and $0.90 (0.618 retracement) are important resistance and support points.
If momentum continues the price will targets around $5.96 (1.272 extension) and $8.99 (1.618 extension). The ultimate target, based on the chart’s structure, is $12.60, a potential longer-term goal if the upward trend persists.
Source: X
According to Ali Chats, XRP price is currently testing key support levels around $3.0 to $3.2, which will be crucial for determining its next move. If these levels hold, XRP price is likely to continue its bullish momentum, with the potential for further upside. However, if the price fails to maintain this range, a retracement could occur.
The overall market sentiment remains positive, particularly given the strong volume spike in mid-July near $3.6, indicating robust buying pressure from whales and institutional investors.
Source: X
With favorable technical indicators and continued whale activity, XRP price appears positioned for further gains, especially if it can break through the $3.6 resistance. If this level is surpassed, it could trigger a new rally, targeting higher price levels. As long as XRP stays above the $3.0 to $3.2 support zone, the outlook remains bullish, with $3.6 being the key resistance to watch in the short term.
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