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The crypto market never sleeps, and XRP is once again making headlines. After weeks of sideways movement, the token rose by 2% on May 7. The catalyst? News of possible trade talks between the U.S. and China, boosting investor confidence.
Analysts confirm XRP is holding steady above the crucial $2.00 mark. These price moves raise the question: is XRP gearing up for a new rally? Investor sentiment is mixed, but signs of strength are clear.
Whale activity signals strong bullish sentiment
One of the most notable developments is the increase in so-called “whale activity.” According to Santiment, wallet addresses holding between 1 and 10 million XRP have steadily increased their holdings. These entities now control 9.44% of the total supply—up 1.2% since January.
Interestingly, these whales didn’t sell during the recent dip to $1.60. Instead, they took the opportunity to accumulate more XRP. This shows confidence in a price increase in the medium term.
Buying during downturns not only reduces sell pressure but also builds a price floor. Smaller investors tend to follow when they see larger players moving. This creates a positive cycle that could push prices higher.
XRP prediction remains positive, but caution is warranted
The current XRP prediction is optimistic, but not without concerns. Daily trading volume dropped 17% to $3.9 billion, signaling hesitation among traders. However, open interest rose slightly to $3.65 billion, hinting at growing market engagement.
Technically, XRP needs to stay above key support levels. On May 6, the price bounced off the 200-day simple moving average (SMA) at $2.08. This led to an intraday high of $2.17—also the level of the 50-day SMA.
Analyst Dom stated that holding this zone is critical for the bullish case. If not, the price could slide toward $1.90. Fellow analyst Egrag Crypto was even more firm: XRP must not close below $1.83.
Is $4 next? What the charts suggest
Many XRP holders hope to revisit the $3.40 all-time high from 2018. Some are even predicting a move toward $4, assuming the current uptrend continues. Technical patterns and whale accumulation seem to support this outlook.
The most important floor remains the multi-month low of $1.60, recorded on April 7. As long as XRP stays above this level, the bullish prediction remains intact. Pseudonymous analyst XForceGlobal said XRP is “still in bullish territory.”
The next few days will be critical. If XRP holds above $2.00, another breakout could be around the corner. The market is watching closely—the battle between bulls and bears is far from over.
Conclusion: The XRP prediction remains hopeful, driven by whale accumulation, technical support, and macroeconomic optimism. If key levels hold, XRP could be on the verge of a significant move.
