XRP has gained more than 60% over the past month as whale accumulation, XRP Ledger activity, and bullish technical forecasts support market sentiment. The token now trades near USD 1.50 after falling more than 2% amid profit-taking. Analysts have identified USD 1.60 as the next major level that could determine whether the rally extends toward USD 2.
Veteran trader Peter Brandt recently shared an XRP chart with a longer-term target of USD 5.40. That level would represent about 260% upside from current prices. Still, Brandt did not provide a timeline for the forecast.
He also stressed that posting a chart does not mean placing a trade. His projection relies on chart patterns and historical market cycles. Brandt has continued analyzing XRP as several market and network factors develop.
Brandt’s USD 5.40 projection sits well above XRP’s current market price. Meanwhile, Standard Chartered has maintained an even higher long-term forecast for the cryptocurrency. The bank reaffirmed its USD 28 XRP price target for 2030. At the same time, it reduced its 2026 forecast from USD 8 to USD 2.80. Institutional interest continues around XRP Ledger payments, liquidity, tokenization, stablecoins, and decentralized finance.
Near-term technical analysts remain focused on USD 1.60. Ali Martinez identified USD 2 as a possible next target if the XRP price breaks above that level. He also pointed to an inverse head-and-shoulders formation on the daily chart.
That setup places a clear technical threshold between XRP’s current price and the next projected level.
XRP currently trades around USD 1.50, leaving the token below that breakout level. The latest decline came alongside profit-taking after US President Donald Trump rejected Iran’s seven-day proposal to reopen the Strait of Hormuz. Trump expects talks with Iran to restart this week.
Large XRP holders have also increased their positions during the recent rally. On-chain data shared by analysts, including Martinez, showed strong accumulation among wallets holding between 1 million and 10 million XRP.
Those wallets added more than 470 million XRP within five days. The tokens were worth about USD 724 million based on the cited figures. Holdings in the group increased from nearly 12.37 billion to 12.80 billion XRP.
An earlier period of XRP price strength also brought significant whale activity. About 1.54 billion XRP moved into large wallets over 96 hours. The accumulation came as traders watched whether XRP could clear USD 1.60.
At the same time, XRP Ledger account activity increased. New accounts rose 34% to about 3,200 last week. Active accounts stood at 17,800 during the reported period.
Those figures add another measure of participation across the network. However, wallet accumulation and account growth track different activity and do not directly measure buying pressure on exchanges.
Also Read: Why XRP Price Moves with the Broader Crypto Market
XRP Ledger applications generated much more revenue than the base-layer chain during the reported 24-hour period. DefiLlama tracked USD 49,494 in application revenue and USD 130,926 in total application fees.
Decentralized exchanges operating on XRPL processed about USD 4.38 million in trading volume during the same period. Meanwhile, the network recorded 40,326 active addresses. DefiLlama reported no net inflows during the latest 24 hours.
These measurements cover separate parts of the ecosystem. Chain revenue reflects value generated through base-layer transaction fees. In contrast, application fees and revenue measure economic activity from applications running on XRPL.
Stablecoins represent a much larger segment by value. DefiLlama placed the XRP Ledger stablecoin market capitalization near USD 1.191 billion, with RLUSD identified as XRPL’s native stablecoin.
Meanwhile, XRPL held about USD 44.63 million in total value locked in decentralized finance. Active real-world assets under management reached USD 20.88 million.
As a result, stablecoin capitalization stood at more than 26 times the value locked across XRPL DeFi protocols. Still, stablecoin capitalization, DeFi TVL, and RWA assets measure different forms of activity.
XRP’s monthly gain above 60% comes alongside whale accumulation, stronger XRP Ledger activity, and bullish analyst targets. Traders remain focused on USD 1.60, while longer-term forecasts range from Brandt’s USD 5.40 target to Standard Chartered’s USD 28 projection for 2030.