Source: Cointelegraph
Original: “Will History Repeat Itself? XRP Price Rose 400% During Last Whale Flow Reversal”
Key Points:
The price of XRP has rebounded over 55% since forming a local bottom around $1.61 in April. Due to bullish technical patterns and on-chain data, it now suggests further price surges.
According to data resource CryptoQuant, XRP whale wallets (addresses holding large amounts of XRP) have been actively reducing their holdings since November 2024.
This trend has pushed net flows deep into negative territory, causing the price of XRP to sharply correct from above $3.55 to below $2.00.
However, as of mid-May 2025, this trend has reversed.
The outflow rate of whales has slowed, and the 90-day net flow moving average has turned positive. Historically, when most whale flows turn positive after a prolonged negative trend, it typically marks a major bottom or trend reversal.
A notable example is XRP's rise from about $0.43 in July 2024 to $3.55 in January 2025, an increase of approximately 400%, which began with a slowdown in whale outflows and eventually turned into net inflows.
The technical outlook for XRP shows that it has broken out of a multi-month descending wedge pattern on the 3-day chart, which is generally seen as a bullish reversal setup.
This wedge pattern formed from December 2024 to early May 2025, with price action being compressed while volume decreased, a typical sign of accumulation.
The breakout occurred in early May, with the price approaching $2.25, just above the 50-period exponential moving average (EMA), which currently serves as key support. Based on the height of the wedge, the breakout suggests a price target near $3.45, about 40% higher than current levels.
XRP's relative strength index (RSI) also supports the bullish view, rebounding above 57, indicating new buying momentum.
However, this trend may not reach the target directly. Analyst Mags points out that key resistance around $2.80 may temporarily limit XRP's upside potential.
In the short term, XRP may consolidate above the 50-day EMA, especially since whale inflows typically indicate the beginning of an accumulation phase before a stronger price breakout.
“The outflow rate is slowing, and the histogram is bending upwards,” wrote analyst Kripto Mavsimi associated with CryptoQuant, adding:
If consistent with previous whale-driven rallies, this foundational building period will be a healthy development.
Related: If Gold Reaches $5,000, What Will Bitcoin (BTC) Price Be?
This article does not contain investment advice or recommendations. Every investment and trading action involves risks, and readers should conduct their own research before making decisions.
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