Key Highlights:
- MACD turns green, echoing the late 2024 rally where XRP surged from $0.63 to $3.50.
- SRSI on 3-day chart approaches bullish cross above 80, signaling possible breakout.
- 300K+ XRP whale wallets suggest growing investor confidence since July 2024.
Technical indicators signal bullish momentum as whale activity rises. Ripple (XRP) could prepare for a breakout if the trend stays steady.
Whale wallets are at 300K, the Stoch RSI is near a bullish cross, and the MACD has flipped positive. Macro events like the upcoming Fed meeting could fuel the move.
XRP Approaching Breakout: Bullish Signals Strengthen
In the 3-day timeframe, XRP/USDT has maintained a tight price structure. Since February 2025, it has been shaping a descending triangle pattern. Ripple price is compressed between lower highs and flat support at nearly $1.90.
At press time, XRP was trading at $2.20, and the latest candlesticks show a breakout attempt. The Moving Average Convergence Divergence (MACD) histogram has turned red to green.
This implies a change in momentum, which was a strong rally at the end of 2024. In November 2024, MACD turned green, and XRP went from $0.63 to over $3.50 in a few weeks.
The Stochastic RSI (Stoch RSI) approaches a cross above the 80 level alongside the MACD signal. The same cross happened before the last rally in Q4 2024. Once again, the Stoch RSI lines converge above 68 and may break out if they cross the green 80 line.
The combination of price structure, MACD color change, and Stoch RSI nearing overbought levels signals growing trader interest. These factors suggest a potential breakout may be approaching.
Whale Addresses Push Past 300,000
Glassnode’s latest on-chain data shows a surge in large XRP holders. The number of addresses holding at least 10,000 XRP has now surpassed 300,000.
Since July 2024, this number has grown steadily and was below 278,000. That’s more than 22,000 addresses in under a year.
The black price line on the chart shows that whale address growth began before Ripple’s rally in December 2024. This suggests large holders accumulated positions early, anticipating the price surge.
Since then, prices have accumulated even during periods of price consolidation or correction. This is often associated with longer-term confidence from large holders.
Some users on social media described this as ‘absolute proof of surging investor confidence. Whales have shown a desire to collect rather than sell, even if the price hasn’t increased above $3 since February.
Such steady growth in large holders could be supported during volatile times. This also indicates that there could be large trades in the future, particularly if the buying pressure continues to increase.
Institutional Mentions and Macro Events Add Momentum
According to a post by Amelie on X, a past Goldman Sachs PDF included XRP among key digital currencies.
Goldman Sachs announced plans to tokenize U.S. Treasury bonds and money market funds for 24/7 blockchain-based trading. This news reignited interest in the post, driving further discussions.
This mention aligns with XRP’s known use case in real-time settlement and cross-border payments. A market report by Goldman Sachs states that XRP is meant to be a currency. The token has 46 billion in supply and a cap of 100 billion tokens.
Investors have also been interested in Ripple, the company behind XRP. Ripple President Monica Long stated that stocks and bonds are the next frontier in financial innovation. She also suggested that XRP could be a universal bridge asset in this evolving market.
Public perception is often based on statements from Ripple leaders. However, market movement is usually contingent on wider market conditions, user activity, and liquidity.
Market Behaviour Could Depend on Upcoming Fed Decision
In addition to that, the U.S. Federal Reserve is due to meet on May 6 and 7. Investors are watching both crypto and equity markets closely. If interest rates are cut by 1 point, as some predict, it would add liquidity to financial markets.
Lower interest rates encourage investment in higher-risk assets such as cryptocurrencies. Increased demand for coins like XRP could result in the technical and on-chain signals lining up.
Ripple could see renewed momentum if these signals and macro conditions are conducive to a risk-on environment.
XRP traded at $2.20, just above the lower trendline support. It remains to be seen whether this breakout will continue, as global and on-chain factors play out in the coming days.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
