XRP Rockets Past $2.90 as Whales and ETFs Fuel Frenzy
XRP is on fire right now, and the numbers speak for themselves — a stunning 27% rally in just a week, surging to nearly $3 and overtaking Tether in market cap. This isn't just a random price spike; it’s a powerful, coordinated move that seems to be driven by a combination of technical strength, major whale activity, and mounting institutional interest.
Let’s break this down.
On July 12th, XRP jumped from $2.58 to an intraday high of $2.96 before cooling slightly, settling comfortably above $2.70. What’s incredible is the volume behind it — over 375 million tokens traded in just two hours. That's not casual investor action; that's serious money pouring in. Around the same time, a whale placed a $14 million leveraged long at $2.30 on Hyperliquid, a clear sign that big players are betting hard on Ripple's next leg up.
Now, analysts are pointing to the $2.90–$3.40 range as the next critical resistance zone. If XRP breaks and holds above $2.90, we could be looking at a fast move toward $3.40 — and maybe beyond. Some ultra-bullish targets are even whispering $5 or more.
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What’s fueling this excitement beyond the price charts?
First, there’s the massive surge in wallets — over 800,000 new ones this year alone. While active wallet use has dipped slightly, the overall growth shows that interest in XRP is spreading. People are holding, waiting for something big.
Then there’s the ETF buzz. Big names like BlackRock are rumored to be exploring XRP-based investment products. The ProShares Ultra XRP ETF has already been listed in the DTCC product database. Teucrium’s leveraged XRP product has also crossed $160 million in assets. Even Truth Social is eyeing XRP as part of its proposed Crypto Blue Chip ETF.
Add in Ripple’s increasing real-world adoption — from RLUSD stablecoin integration to global settlement services — and it’s clear the ecosystem is maturing fast. Legal headwinds are slowly clearing, and that’s only adding to the bullish momentum.
Let’s not forget the technicals: XRP recently broke out of an ascending triangle , backed by strong volume and real flows — not just thin order books. Traders are watching closely to see if XRP can flip the $2.80–$2.85 zone into solid support. If it does, and especially if it breaks $2.90 with significant volume, it could trigger an explosive rally.
In short, XRP isn’t just having a good week. It’s possibly entering a new chapter — one where whales, institutional players, and technical setups are all aligned for a potential breakout move. The market is watching.
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