XRP Whales Load Up Ahead of Breakout—Will Price Hit $2.90 or Crash to $1.55?
By: blockchainreporter|2025/05/03 16:15:01
0
Share
Ripple completed a $1.1B escrow transfer, and whales have accumulated over 900 million XRP.Binance’s exchange reserves saw a significant drop and active receiving addresses spiked, indicating long-term holding.XRP is approaching a key technical level, and analysts are seeing bullish breakout potential toward $2.90 and bearish risk to $1.55.XRP whales have quietly accumulated over 900 million tokens in recent weeks, according to on-chain data. Increased holdings in addresses with 10 million to 100 million XRP are consistent with increasing investor confidence despite short-term volatility.Source: XThe accumulation came as Ripple released more than $1.1 billion in XRP on May 1 from its escrow. Fears over potential selling pressure have been eased after blockchain records show the funds stayed within Ripple wallets.As per Ripple’s usual protocol, Ripple reallocated internally, releasing tokens from escrow on the first day of the month and re-locking a portion back. The company did not transfer assets to external exchanges, indicating no imminent desire to buy up the market.Binance Reserve Shrinks as Active Wallets SpikeAccording to CryptoQuant, Binance’s XRP reserves greatly dropped in early 2025. The current reserve of XRP at the exchange is down from a recent high above 3.1 billion to a current 2.2 billion. The recent trend is pointing toward increased self-custody or whale-level withdrawals, which are often assumed to be a long-term holding signal.Source: CryptoQuantXRP’s active receiving addresses have spiked at the same time. On the one hand, the spike in the number of daily receiving wallets from below 50k to spikes above 700k in daily receiving wallets indicates growing adoption or strategic distribution among holders. Source: CryptoQuantAnalysts Split on Short-Term Move but Agree on Breakout PotentialAlthough most recognize a critical inflection point, technical analysts remain divided on XRP’s next move. EGRAG CRYPTO emphasized XRP’s movement within a long-term “Macro Channel,” suggesting a path toward $17 and potentially as high as $55. Citing historical candlestick patterns, he labeled the current structure “Candle 5”—a phase that preceded a 1,700% price surge.While technical analysts do not seem to agree on XRP’s next move, they agree that it has reached a critical inflection point. EGRAG CRYPTO also pointed out XRP’s variation within a long-term “Macro Channel” and that it still has a path to $17, if not higher, near $55. He cited historical candlestick patterns showing that Candle 5 is the structure currently made, a stage that triggered a 1,700 percent price rise.Source: XAnde Wave also noted the development of an inverted head and shoulders pattern right near $2.186. A clean breakout above this resistance could see further gains if liquidity conditions remain supportive, he added. Echoing that analysis, Ali Martinez set a near-term upside target in the $2.70 to $2.90 range. If that move were to happen, it would propel XRP past a vital horizontal level of around $2.85.Source: XStill, caution exists. A rejection at the upper boundary of a bull flag was spotted by BLOCK BULL, setting the stage for a slide to $1.55. If the support at $2.2562 fails, his analysis supports a possible 30% retracement. The risk is compounded by what he calls a ‘1,000% liquidation imbalance’, an indicator of high amounts of leverage in the system.Source: X
You may also like

The little deer live by the water and grass
Mining companies have never been the most devout believers in Bitcoin. Under the pressures of halving compressing profits, financial reports showing revenue growth without profit increase, and coin prices falling below mining costs, the industry is collectively de-risking.

The world belongs to Chinese people who speak English
The world is vast, and only playing half of it is truly a loss.

Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth
Bitcoin is digital capital, and I will spend a thousand hours explaining it to you. Eventually, you will understand, but you will still have to endure a 45% crash.

Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot
This is a key step in Virtuals expanding the Agent Economy into the Embodied AI and Robotics field.

Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply
The Truth about Stablecoin Circulation Speed, Concentration, and Structure After Doubling the Supply

Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer
It took Paradigm three years to emerge from the ruins of FTX.

Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?
This is more like a manifesto, discussing "the very reason we are here."

$1.3 Billion Debt: BitDeer Faces Tough Battle
Wu Jihan is waiting for AI's money to catch up with the speed of debt.

Anthropic's IPO Gamble: At the Most Unlikely Moment, It Chose to Say No
In the AI Era, what is the most valuable thing?

Paradigm's Math Problem: $12.7 Billion, Too Big for a Single Crypto Fund
Emerging from the ruins of FTX, Paradigm took three years

Ethereum Unveils Scaling Roadmap, What's Different This Time?
Short-term improvements to execution efficiency through the Gas mechanism optimization and block validation parallelization, and long-term scalability through ZK-EVM and blobs data architecture.

Anthropic Ban Wave, OpenAI $100 Billion Funding Controversy: What Is the Overseas Crypto Community Talking About Today?
What Have Foreigners Been Most Interested in Over the Last 24 Hours?

Morning News | OpenAI receives $110 billion investment; Solana launches Solana Payments; M0, MoonPay, and PayPal jointly launch PYUSDx
Overview of Important Market Events on February 27

Bloomberg: A Romanian Presidential Election Intervened by Crypto Traders
The puzzle of the Romanian elections under digital manipulation.

Founders Fund, Pantera, and Franklin Templeton join Sentient's "Arena" to stress test enterprise-level AI agents
Sentient is gathering builders and supporters from around the world (including Founders Fund, Pantera, Franklin Templeton, alphaXiv, Fireworks, OpenRouter, etc.) to jointly address the reasoning capability gap in enterprise AI.

Why Retail Is Shifting From Crypto to Equities: Will They Return?
Retail traders are exiting the crypto market and gravitating towards equities. Bitcoin saw a notable reduction in spot…

Canton Crypto Network vs. XRP: Understanding DTCC’s Strategic Approach to Infrastructure and Liquidity
Key Takeaways Canton Network and XRP serve distinct roles in blockchain technology: Canton for asset tokenization and atomic…

Jack Dorsey’s Block to Cut 4,000 Jobs in AI-Driven Restructuring
Key Takeaways Block’s significant job cuts aim to streamline operations for AI-driven growth. The company’s stock surged over…
The little deer live by the water and grass
Mining companies have never been the most devout believers in Bitcoin. Under the pressures of halving compressing profits, financial reports showing revenue growth without profit increase, and coin prices falling below mining costs, the industry is collectively de-risking.
The world belongs to Chinese people who speak English
The world is vast, and only playing half of it is truly a loss.
Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth
Bitcoin is digital capital, and I will spend a thousand hours explaining it to you. Eventually, you will understand, but you will still have to endure a 45% crash.
Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot
This is a key step in Virtuals expanding the Agent Economy into the Embodied AI and Robotics field.
Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply
The Truth about Stablecoin Circulation Speed, Concentration, and Structure After Doubling the Supply
Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer
It took Paradigm three years to emerge from the ruins of FTX.