XRP Price Shows Strong Bullish Momentum as It Moves Past Key Resistance Levels

XRP price shows strong bullish momentum as it moves past key resistance levels. A whale deposited $5.84 million in USDC to open a 2x leveraged long position on XRP.

XRP price is showing strong bullish momentum as it moves past key resistance levels and signals a potential rally. A major wallet deposited $5.84 million in USDC to open a 2x leveraged long position on XRP, further highlighting the bullish trend.

XRP Price Surges After Whale Move

A major wallet, 0x175e7023e8dc93d0c044852685ac33e856b577b4, deposited $5.84 million in USDC into HyperLiquid on May 11. The address opened a 2x leveraged long position on XRP, signaling strong confidence in short-term gains. This move follows a previous 2x ETH long by the same wallet, now holding over $10 million in profits.

8 hours ago, a whale deposited $5.84M $USDC into #HyperLiquid to place a long position on $XRP with 2x leverage.

The whale previously opened a long position on $ETH with 2x leverage, resulting in a floating profit of $10M+.

Address: 0x175e7023e8dc93d0c044852685ac33e856b577b4… https://t.co/tIyIzgQArc pic.twitter.com/FnpidzM4NC

— Onchain Lens (@OnchainLens) May 12, 2025

This wallet’s past success increases credibility around the current XRP price forecast. As pertinent market participants have noted, the timing and size of this position have also sparked increased trading volumes, pushing the XRP price to retest its previous breakout zone.

Moreover, open interest in leveraged positions has risen as market participants align with bullish sentiment. This behavior reflects growing anticipation of XRP price reaching a new all-time high. If momentum continues, short liquidations may further accelerate the price rise.

Analysts See XRP Price Hitting New Highs

XRP price has formed a bullish triangle pattern, with several analysts projecting an upside breakout. Fibonacci extensions drawn from the January high to April low support a price target of $4.40. Technical analysis suggests a sustained breakout could occur within the current weekly session.

When XRP breaks out of this triangle it is going to make a massive move!

Upside target is around $4.40 based on the triangle. Which lines up with the Fibonacci using the Jan high and the April low.

Trade it now on BITUNIX TRADE NO KYC – $10 FREE, 20% Deposit Bonus &… https://t.co/SEXi7cQdI6pic.twitter.com/8b34p4r88Z

— Lark Davis (@TheCryptoLark) May 12, 2025

Recently, XRP rebounded 50% from the $1.75 support zone, which also coincides with the 200-day MA. This key level held firm, validating it as a strong base for further gains. Analysts now expect the price to challenge previous highs in the near term.

When things go absolutely vertical, that's the moment where you want to zoom out and get higher timeframe entry points.

The same applied for $XRP.

Marked the level around $1.75 as an important one for entries and it's up 50% since.

I assume we'll attack the ATHs soon. pic.twitter.com/WbUgd8H2vi

— Michaël van de Poppe (@CryptoMichNL) May 11, 2025

Momentum indicators remain strong, with RSI and MACD both showing potential for further upside. The XRP has remained above the 200-day moving average for over a month, signaling sustained buying strength and a favorable setup for further upward movement.

Circle Partnership Could Boost XRP Liquidity

Ripple’s ecosystem is expanding rapidly with major acquisitions and real-world integrations. A potential partnership with Circle could introduce deeper liquidity and broader stablecoin access. In parallel, the launch of RLUSD and growth in on-chain AMMs support additional use cases.

XRP price benefits as total value locked in related DeFi protocols continues to rise. The increase in meme coin activity on the XRPL also draws new participants into the network. These factors improve sentiment and contribute to a bullish XRP trend.