History Repeats? XRP Gained 400% Last Time Whale Flows Flipped

XRP Surges Past $2.40: Is a Run to $3.45 on the Horizon?
History Repeats? XRP Gained 400% Last Time Whale Flows Flipped
Written By:
Bhavesh Maurya
Published on

Key Takeaways 

  • XRP broke out above $2.25 from a bullish wedge pattern, targeting a $3.45 rally.

  • On-chain whale flows have turned positive for the first time since November 2024, signaling a potential trend reversal.

  • XRP is above major realized price zones, with over 2.9% of supply near $2.38, indicating strong profit-taking capacity with more upside room.

XRP, the native asset of the Ripple ecosystem, is gaining momentum as technical, on-chain, and behavioral signals point to a potential early-stage rally. With price surging over 55% since April, plus the first whale flows turning positive in months, XRP may be able to replicate historical parabolic price movements, most notably from mid-2024, where XRP price surged over 400%. 

XRP is trading at around $2.48 on May 15, 2025, and is beginning to show upward momentum, ongoing accumulation, and technical breakout potential. Analysts and investors are considering whether XRP is ready for another historic rally.

Technical Analysis: Falling Wedge Breakout Confirms Bullish Setup

A multimonth falling wedge pattern, typically a bullish reversal structure, has now been broken decisively to the upside. The breakout occurred roughly at $2.25, coinciding with a strong close above the 50 EMA, which is now a crucial support level. 

This wedge pattern can be seen on both 1 and 3-day charts and has been compressing the price since late 2024. The breakout from this wedge pattern now conservatively sets a measured target near $3.45, which would represent a 40% rally from current levels. 

The Relative Strength Index (RSI) is currently just above 61, showing increasingly bullish momentum. This gives additional room for the price to climb without major exhaustion. XRP has recently broken above a long-standing descending trendline that had acted as resistance for months before this. 

On-Chain Support: Price Distribution and Profit Zones

According to Glassnode’s UTXO Realized Price Distribution (URPD), XRP has moved through heavy price clusters, most notably within the $2.35 - $2.48 price range. With lighter resistance ahead and an increasing percentage of addresses now in profit, from a technical perspective, XRP's potential to move to $2.80 and ultimately to $3.45 is viable. \

The data indicates that around 2.92% of XRP's circulating supply was last moved close to $2.38, since XRP is now trading just above this key zone, a fair portion of holders are realizing profits, which alone can lead to further upside as profit-taking subsides and sidelined investors re-enter the market.

Macro Sentiment Supports Risk Assets

The overall crypto market backdrop is also turning increasingly favorable. As Bitcoin hangs on to $100,000, a risk-on sentiment is returning, with altcoins rising across the board. The setup could not be more opportune for XRP, which is frequently one of the biggest winners in an altcoin run. 

The regulatory uncertainty surrounding Ripple's ongoing case is fading, and an acceleration in overall institutional liquidity in crypto is adding to the positive sentiment. The overall crypto ecosystem is looking to utility-driven tokens like XRP for real-time settlement and cross-border payments, which provide a value proposition that is now rediscovered in a tokenization-led market.

Short-Term Hurdles and Long-Term Potential

The most immediate point of resistance is at $2.80. A short consolidation or pullback at this level would not be surprising, however, a successful retest and flipping of this zone into support could act as a launch pad to the $3.45 projection. 

While bullish signals continue stacking higher, a sustainable uptrend will likely depend on continued whale accumulation, stable macroeconomic conditions, and the direction of volume. 

Conclusion: XRP Poised for Reawakening

XRP’s current market structure indicates that the asset is entering a crucial phase of its 2025 journey. Since whale behavior has shifted to bullish territory, technical breakouts have been confirmed, and the on-chain metrics diverge, XRP may be preparing for one of the most significant rallies. 

If the 2024 conditions repeat, investors may be looking at the start of XRP’s rise toward new highs. Even though XRP still carries risks, as all cryptocurrency does, the evidence is undoubtedly bullish.

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