10 Million Purchases in a Single Day... XRP Forecasts a 23% Vertical Surge

▲ XRP

XRP is signaling a record price surge, driven by strong breakout signals on technical indicators and a buying frenzy among whale investors.

Crypto media outlet Coingape reported on April 25 (local time) that XRP is ready to end years of downtrend and begin a strong price pump. Numerous market analysts predicted that if XRP breaks out of the descending wedge pattern on the chart, it could achieve returns of over 23% in the short term. The primary target price was set at around $1.82, a level that surpasses the recent steep gains of Bitcoin (BTC) and Ethereum (ETH).

On-chain data analysis reveals unusual movements among whales, who control massive capital. The 30-day moving average indicator, which reflects whale accumulation trends, recently hit a 10-month high. Large investors are accumulating over 10 million XRP in a single day, rapidly absorbing the market's circulating supply. Outflows from exchanges are also accelerating. Selling pressure is decreasing, and energy for price increases is consolidating.

The inflow of institutional funds also supports the possibility of an XRP rally. The XRP spot ETF recently recorded a daily net inflow of $17.11 million, breaking a two-month high. Funds flowed into products from major asset managers like Bitwise and 21Shares. The cumulative net inflow has surpassed $1.25 billion. Institutional investors have incorporated XRP as a core asset in their portfolios based on legal clarity. Market confidence is higher than ever.

The U.S. stock market's record high is also a positive signal for the virtual asset market. The S&P 500 index surpassed 7,000 points for the first time in history, maximizing risk asset preference. The policy stance of U.S. President Donald Trump appears to be driving a simultaneous rally in both the stock and crypto markets. With Bitcoin testing the $79,000 resistance level, XRP is expected to follow the stock market's upward trend and lead the altcoin market.

The expansion of real-world use cases for the XRP Ledger ecosystem coincides with a technical breakthrough point. Investor expectations are peaking. Key indicators, such as the Relative Strength Index, still suggest ample room for further upside. At this juncture, where supply compression and demand explosion are occurring simultaneously, XRP's trajectory is expected to determine the direction of the entire market.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*