XRP rises to the sky, whales retreat 93% – A new peak of 4 USD in sight?

The price of XRP has increased by nearly 2% in the past 24 hours, indicating a strong bounce back signal after a week of accumulation.

As the entire market is bouncing back and Ethereum approaches the $4,000 mark, XRP is also back in the spotlight, trading around $3.25 and nearing the breakout zone – a place that could alter the long-term trend of this altcoin.

Whales reduce selling, opening up growth opportunities

One of the most positive signals currently for XRP is the sharp decline in the flow of money from whales moving to exchanges – an important indicator tracking the amount of XRP that large holders put on the exchange, which is often a sign before selling.

Specifically, on July 11, this index surged to 43,575 XRP. However, by July 28, this number had plummeted to just 2,965 XRP – equivalent to a decrease of 93.2%, indicating that whales have stopped selling en masse as before.

XRP price chart and whale inflow to the exchange | Source: CryptoQuantHowever, the current inflow volume is still nearly double compared to a few days ago, specifically on July 25th. This indicates that immediate selling pressure has eased, but for XRP to truly break through, it may still require more time and to overcome a few minor resistance levels.

The accumulation process is likely to continue as the market gradually adjusts to a new balance between whales temporarily standing aside and buying pressure gradually appearing.

The inflow of funds increases reflecting the process of silent Accumulation

Supporting this trend is a clear divergence signal from the Chaikin Money Flow (CMF) indicator. While the price of XRP is forming lower highs, the CMF is recording higher highs – indicating that the money flow into XRP is getting stronger.

XRP price action chart and CMF divergence | Source: TradingViewThis divergence becomes even more noteworthy when combined with the decreasing sell flow data from the whales. As large holders withdraw, the gap seems to be filled by scattered and quiet buying pressure – a sign of a silent accumulation phase.

The CMF indicator monitors the accumulation process based on volume over a long period, and such divergences often signal early accumulation phases before significant price increases occur.

XRP could surpass the 4 USD mark if it breaks through the key threshold

Currently, the price of XRP is approaching a critical breakout zone around the level of 3.37 USD – coinciding with an important expansion level in the current upward structure.

If the price breaks through this level and turns it into a support zone, the next targets will be at 3.62 USD ( approaching the old historical peak ) and 3.83 USD – two milestones that could pave the way for XRP to shoot straight up to 4 USD.

XRP price analysis chart | Source: TradingViewHowever, if the XRP price falls below the 2.96 USD threshold (Fibonacci extension level 0), the current bullish structure will be invalidated in the short term, putting this altcoin at risk of deeper declines and potentially delaying the rally to conquer new peaks.

Justin