Key takeaways:
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Whales continue to accumulate XRP, creating a steady tailwind for price.
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XRP price must hold a key support level to continue climbing toward $4, analysts say.
XRP (XRP) price displayed strength on Monday, rising 2% over the last 24 hours after traders adjusted to last week’s sell-off, coinciding with a 50 billion XRP sale by Ripple co-founder Chris Larsen.
XRP price remains above $3 at the time of writing, and analysts are watching several key support levels that must hold for the uptrend to continue.
Whales accumulate XRP above $3
Certain indicators show that XRP price may continue its uptrend despite fears of possible future sell-offs by Larsen.
For instance, Santiment’s Supply Distribution metric shows a steady rise in the supply held by entities with a 10 million–100 million balance. These addresses now own 8.31 billion XRP, a new monthly high. This represents 14% of the total XRP circulating supply.
In other words, whales did not sell on last week’s drop to $2.95 but accumulated XRP, suggesting most remain bullish.
More importantly, these large entities reduce selling pressure and create a price floor, encouraging smaller retail investors to follow suit.
Meanwhile, XRP Ledger’s network growth remains high as a spike in new wallets reflects elevated demand. XRP has gained over 30% against Bitcoin (BTC) in the last 30 days.
The chart below shows that new addresses created on the XRPL peaked around 11,000 on July 18, averaging a relatively high 7,500 per day since.
Santiment wrote:
“XRP climbs back above $3.25 as it gains against Bitcoin once again. Network growth on the ledger is maintaining high levels.”
Key XRP price levels to watch before $4
Several market analysts say XRP will revisit its multi-year highs of $3.66 and go even higher, but several key support levels must be defended first.
Data from Cointelegraph Markets Pro and TradingView shows that XRP price bounced off a key demand zone above $3 on June 25 after sweeping around the $2.95 level.
“This pullback wiped out nearly 30% of all open interest on XRP (1.3B),” said trader and analyst Dom in a Thursday post on X.
Related: XRP’s bull run might have ended at $3.65: Here’s what must happen to save it
The $2.95 local level coincides with the monthly volume-weighted average price (VWAP) and the monthly Rolling Volume-Weighted Average Price, or RVWAP.
“I think down to $2.80s is the lowest we would want to see this go before the structure becomes questionable.
Fellow analyst CasiTrades said XRP’s “critical support” remains at $3, adding that if volume begins to rise and price breaks the $3.30 resistance (where the 50-period SMA sits), “we could see fresh highs quickly!”
CasiTrades added:
“The first Wave 3 target sits near $3.82, which is the 2.618 Fibonacci extension.”
Meanwhile, pseudonymous analyst XForceGlobal said “XRP is getting primed for $4, very soon,” based on Elliott Wave analysis.
“We’re now likely in the most profitable phase: wave ③.”
$XRP#Ripple‘s #XRP is getting primed for $4, very soon.
The biggest clue lies in our assumption that the higher degree waves (i)-(ii) and ①-② have been labeled correctly. The proper wave context is assumed, imo.
We’re now likely in the most profitable phase: wave ③. pic.twitter.com/Ypmev6obfx
— XForceGlobal (@XForceGlobal) July 27, 2025
Several other analysts have predicted a $4 XRP price in the near future. Veteran trader Peter Brandt said that XRP had formed a “highly rare continuation compound fulcrum” pattern that could propel the price to $4.47.
Others cite whale accumulation, strong technicals and positive market sentiment as the likely drivers for XRP price to reach $4 or higher.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
