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TLDR
- XRP has rallied over 550% since November, now trading at $3.13
- Analyst Gert van Lagen predicts XRP could reach $34 by mid-2026
- Whales accumulated 1.2 billion XRP (worth $3.8 billion) in just four days
- Over 95% of XRP’s circulating supply is currently in profit
- XRP remains 16.8% below its all-time high of $3.66
XRP has seen a remarkable price surge in recent months, climbing over 550% since November to reach $3.13. The cryptocurrency’s strong performance has caught the attention of both retail investors and whales, with significant accumulation happening despite signs that might typically indicate a market top.
The XRP price has maintained its upward trajectory throughout 2025, showing resilience even as technical indicators suggest potential overvaluation. Market sentiment remains largely bullish as the token approaches its all-time high of $3.66.
Technical analyst Gert van Lagen has made a bold price prediction, suggesting XRP could climb toward $34 during this bull cycle. This projection is based on XRP breaking out of a seven-year double-bottom structure after rising above its neckline near $1.80.
$XRP [2W] – Ripple is ready to rip.
The 7-year double bottom has broken out at ❌
The neckline was successfully retested at 🔵
ATH cleared — first target near ~$34, at 2.00 fib. extension of double bottom.
–> Compare with 2014-2017 setup pic.twitter.com/aVk0lxp03O
— Gert van Lagen (@GertvanLagen) August 11, 2025
The cryptocurrency pulled back to test this neckline, which acted as support. In technical analysis, such retests often indicate strong breakouts with traders showing confidence in higher prices.
Using the 2.00 Fibonacci extension of the pattern, van Lagen projects a $34 target by mid-2026. This setup mirrors XRP’s 2014-2017 price action when a similar multi-year base resolved into a parabolic rally that pushed XRP/USD over 100,000% higher.
Whale Accumulation Drives Momentum
Major XRP holders have been actively increasing their positions. In just four days, addresses holding between 100 million and 1 billion XRP accumulated over 1.2 billion tokens, worth nearly $3.8 billion.
This surge in whale holdings suggests large investors remain confident in XRP’s future potential. The recent price movements have likely sparked FOMO (Fear of Missing Out), encouraging these whales to increase their positions in anticipation of further price increases.
This accumulation could serve as a major catalyst in driving XRP’s price higher. Large holders may provide significant support during periods of market volatility, potentially cushioning any downward pressure.
Currently trading at $3.13, XRP remains 16.8% below its all-time high. The ongoing bullish sentiment, combined with whale accumulation, keeps the price within range of a potential breakout toward the $3.41 level.
XRP Price on CoinGeckoIf XRP can flip the $3.41 level into support, it could continue its ascent toward its all-time high of $3.66. This scenario would signal sustained bullish momentum with strong backing from both large holders and retail investors.
Supply Metrics Show Potential Warning Signs
Despite the positive price action, some metrics suggest caution may be warranted. Over 95% of XRP’s supply is currently in profit, a threshold that has historically preceded sharp price corrections during previous rallies in 2020-2021 and 2022-2025.
When such a large share of holders sit on gains, profit-taking typically accelerates, creating selling pressure. This dynamic could challenge XRP’s ability to sustain its current uptrend toward higher price targets.
The growth of XRP’s parent chain, XRP Ledger (XRPL), lags behind other major layer 1 blockchains, including Ethereum, according to data from DefiLlama.
XRP’s $190 billion market cap is approximately 2,200 times larger than its $85 million total-value-locked (TVL). This stark contrast to Ethereum’s ratio of about 5.6 raises concerns about XRP’s valuation relative to on-chain activity.
If XRP faces bearish signals from the broader market or increased selling pressure, the price could dip to $2.95 or lower. This would invalidate the current bullish thesis and raise concerns about the sustainability of the upward trend.
The recent gains in XRP have been driven by several factors, including progress in the Ripple lawsuit, growing legal clarity, exchange relistings, and ETF optimism. The latter continues to guide XRP bulls in 2025, with 95% odds of a spot ETF approval and forecasts suggesting the token could rally toward $27 if approved.
XRP has demonstrated its capacity for outsized moves in recent years. Since the 2022 lows, it has gained 1,072%, while in 2020-2021, XRP price soared by over 1,625%.
The cryptocurrency currently trades at $3.13, having faced a slight decline over the last four days but remaining within striking distance of key resistance levels.
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