XRP Price Eyes Bullish Breakout As Ripple Whales Move $175M

By: bitcoin ethereum news|2025/05/10 14:45:04

The XRP price surged over 8% following the SEC’s filing of its agreement with Ripple yesterday. Now, crypto analyst Egrag Crypto has commented on the altcoin’s price action and revealed what needs to happen for it to confirm a bullish breakout. Amid this analysis, Ripple whales have moved $175 million worth of coins. XRP Price Needs To Hold This Level For Bullish Confirmation In an X post, Egrag Crypto stated that in the short term, the XRP price must close above $2.41 to $2.50 to confirm a bullish breakout. He noted that the altcoin is at a crossroads, trading between critical breakout levels and potential retest. The analyst warned that XRP’s failure to breach the range around $2.3 and start consolidation could mean that the price correction isn’t over. He added that the altcoin might see lower targets with the ultimate retest around $1.3 and $1.2. Egrag Crypto remarked that a drop to this zone would present a once-in-a-generation buying opportunity. Meanwhile, he still expects the XRP price to rally to as high as $27 in this market cycle, as he stated that his cycle targets haven’t changed. Crypto analyst Dark Defender also recently indicated that Ripple’s native crypto’s journey to double digits has begun. This bullish outlook for the altcoin comes amid the US SEC’s filing of its settlement agreement with Ripple. This development further brings the long-running legal battle closer to a conclusion. A conclusion of the case would bring market clarity for investors and is undoubtedly bullish for the altcoin. Ripple Whales Move $175 Million Worth of Coins Amid this prediction for the XRP price, Ripple whales have moved over $175 million worth of coins. Whale Alert data shows that a whale moved just over 46.4 million XRP ($106.6 million) from an unknown wallet to another unknown wallet. Meanwhile, in another transaction, another Ripple whale moved 29.5 million XRP ($69.5 million) from an unknown wallet to the top crypto exchange Coinbase. Transfers to exchanges are typically bearish, as it suggests the holder plans to offload these coins. However, whales look to be actively accumulating at the moment, which is bullish for the XRP price. As CoinGape reported, Ripple whales moved $782 million worth of XRP to unknown wallets. Transfers to unknown wallets usually indicates that the investor is looking to hold these coins for the long haul. ✓ Share: Boluwatife Adeyemi Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen. Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss. Source: https://coingape.com/xrp-price-eyes-bullish-breakout-as-ripple-whales-move-175-million/

A Polymarket user supported nearly half of Trade.xyz's "active addresses" with 34,000 wallets, yet contributed less than 1% of the trading volume. The real support for the market comes from market-making institutions like Jump, Selini, and Wintermute, as well as a group of directional traders crossi...

Binance quietly placed a bet on a leading large model company

In the past year, YZi Labs has significantly accelerated its investments in the AI field, from educational agents to physical robots, and then to large models, with crypto capital and AI technology rapidly integrating.

Best Crypto Discord Server 2026: Why Jacob’s Crypto Clan Is Gaining Massive Attention

Jacob’s Crypto Clan has grown into one of the most active crypto Discord communities, with over 45K members and continuing to expand. This rapid growth reflects strong demand for structured trading insights and real-time collaboration.

Tom Lee Buying ETH: Why Wall Street’s Loudest Ethereum Bull Keeps Doubling Down

Tom Lee keeps buying ETH through every dip, every drawdown, and every moment of market doubt. Inside the strategy that's turning Ethereum into a treasury asset — and what it signals for the rest of the market.