XRP (XRP) Price Soars 55% Since April, Bullish Continuation Signals Flash

XRP (XRP) has bounced by more than 55% since forming a local bottom at around $1.61 in April.

Key takeaways:

XRP price has risen by 55% since April and is now flashing bullish continuation signals.

Onchain data shows that whale flows have flipped positive for the first time since November 2024, which historically signals trend reversals.

A falling wedge breakout projects 40% gains ahead, but $2.80 may act as interim resistance.

Onchain metrics and technical patterns suggest that XRP (XRP) may be setting up for further price gains after a 55% rebound from April lows.

Specifically, new data shows that XRP’s whale wallets are continuing to reduce their holdings at a slower pace, which in the past has been linked to major price bottoms or trend reversals.

The world’s sixth-largest cryptocurrency is also breaking out of a multi-month falling wedge pattern, which typically signals a continuation of the previous trend.

The wedge had been compressing XRP’s price action and volume, which is a classic sign of accumulation.

The breakout occurred in early May, setting the stage for a 40% rally to $3.45.

XRP price technicals show potential for continuation

As shown by data resource CryptoQuant, large XRP wallets, or whales, have been persistently reducing their holdings since November 2024.

The trend pushed net flows—the difference between inflows and outflows—deep into negative territory, which also coincided with a sharp correction in XRP’s price from above $3.55 to lows of $1.61 in April.

But mid-May saw the trend reversing as whale outflows slowed, turning the 90-day moving average of net flows positive.

According to Kripto Mavsimi, an analyst associated with CryptoQuant, most instances where whale flows flipped to positive territory following a prolonged negative trend saw major bottoms or trend reversals.

For example, XRP’s rally from around $0.43 in July 2024 to highs of $3.55 in January 2025—or around 400% gains—began as whale outflows slowed and eventually flipped to net inflows.

The analyst adds that the pace of outflows is slowing, and the bars are curling upward, which would be a healthy development if consistent with how previous whale-driven rallies have unfolded.

The scenario also ties in with XRP’s technical breakout from a falling wedge pattern on the 3-day chart, a setup typically viewed as a continuation of the previous trend.

The wedge, formed between December 2024 and early May, had been compressing price action and volume, which is a classic sign of accumulation.

The breakout occurred around the $2.25 level, setting the stage for a rally to the Fib 1.618 target of $3.45, or 40% above current levels.

The move is also being supported by XRP’s relative strength index (RSI) bouncing back above 57, which shows renewed buying momentum.

However, analyst Mags notes that key resistance near $2.80 may cap XRP’s upside in the near term.

Instead, the cryptocurrency may be consolidating above its 50-day EMA as whale inflows often signal the start of an accumulation phase before a stronger price breakout.