Whale Shenanigans: XRP Soars to Nearly $3, But Can It Hold?

What to know:

XRP, the digital wonder, leaped 8% to a dizzying $2.78, peaking at a whopping $2.96, before taking a tiny step back. 🐳💰
A $14.03M leveraged long position on Hyperliquid suggests that some very large fish are swimming in these waters. 🐟🌊
Analysts, with their crystal balls and tea leaves, see $2.90–$3.40 as the next resistance, with the potential for even more gains. 📈✨

What to know:

XRP, the digital darling, rallied 8% from $2.58 to $2.78 between July 11 06:00 and July 12 05:00, with an intraday high of $2.96 at 15:00 before retracing. 🚀💰
Afternoon price action saw exceptional volume — over 375M between 13:00–15:00 — with buyers repeatedly defending the $2.70–$2.75 zone. It was like a digital tug-of-war! 🤼‍♂️💪
A $14.03M leveraged long was opened on Hyperliquid at $2.30, signaling aggressive whale positioning. These whales must have a lot of faith in XRP, or they’re just really good at playing the market. 🐳🔮
Analysts now target $2.90–$3.40 as the next resistance band, citing bullish structure and capital inflows. It’s like they’re predicting the future, but with numbers! 📊🔮
News Background
Whale wallets have ramped up exposure in recent sessions, most notably with a $14M long established on derivatives venue Hyperliquid. These whales are not just swimming; they’re making waves! 🌊🌊🌊
The trade coincides with a breakout from an ascending triangle structure and a growing belief among technical analysts that the $2.90 region, once cleared, could spark a fast leg toward $3.40 and beyond. It’s like XRP is on a digital rollercoaster! 🎢🚀
This comes as Ripple‘s broader ecosystem — including RLUSD stablecoin momentum and cross-border settlement integrations — continues to attract institutional interest. It’s not just a coin; it’s a whole ecosystem! 🌱🌍

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Range: $0.35 | Low: $2.58 → High: $2.96
Peak Time: 15:00 | Sharp retracement followed, but price held above $2.70. It’s like XRP took a little nap and then woke up feeling refreshed! 😴😊
Support Zone: $2.70–$2.75, where demand remained intact through multiple tests. This zone is like a digital fortress! 🏰🛡️
Final Hour (04:55–05:54): XRP rose from $2.76 → $2.79 (+1%). It’s like the coin had one last burst of energy before bedtime! 🏃‍♂️🌙
Volume Spike: 2.6M between 05:30–05:35 validated breakout toward session close. It’s like the market was giving XRP a final cheer! 🎉👏

Technical Analysis

Price formed an ascending triangle with higher lows and horizontal resistance tests. It’s like XRP was building a staircase to the moon! 🚀🌌
Total trading range of $0.35 = 14% volatility on session. That’s a lot of digital excitement! 🎢💥
Afternoon resistance at $2.96; consolidation at $2.78. It’s like XRP was playing a game of digital hide-and-seek! 🕵️‍♂️🔍
Key breakout zone remains $2.90–$3.40; breach would likely trigger accelerated upside. It’s like XRP is waiting for the right moment to make its big move! 🏃‍♂️💨
Late-session breakout confirmed by real volume, not thin order books — a key bullish sign. It’s like the market was giving XRP a thumbs up! 👍👌

What Traders Are Watching

Can XRP flip $2.80–$2.85 into a new base? It’s like XRP is trying to build a new home! 🏠🔨
Watch for reaction near $2.90; a clean move through that zone with >200M volume may open path to $3.40. It’s like XRP is waiting for the green light to go! 🚦🚀
Failure to hold above $2.70 could invite pullback toward $2.58–$2.60. It’s like XRP needs to stay strong to avoid a little tumble! 🤷‍♂️📉
Whale long at $2.30 continues to act as downside anchor for bullish bias. These whales are like the guardians of XRP’s future! 🐳🛡️

Takeaway
Real flows, strong technical structure, and aggressive leveraged positioning underpin XRP’s 8% daily move. The $2.96 rejection showed local resistance, but recovery into the close points to renewed strength. It’s like XRP is just getting started! 🚀🌟

2025-07-12 10:05

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