- Whale wallets added 120M XRP during early August dip, fueling price rebound.
- Analysts see ABC correction pattern pointing toward long-term $10.47 target.
- Technicals show bullish bias, but momentum slowdown hints at short-term pause.
XRP’s recent market action has caught the attention of analysts as whale investors moved decisively during early August’s price dip. Between August 1 and 6, XRP traded in a narrow $2.82–$2.90 range before spiking to $3.40 on August 7. Large holders, specifically wallets with 1 million to 10 million XRP, boosted their combined holdings from roughly 6.53 billion to 6.72 billion coins during that period.
The gain is around 120 million XRP that were accumulated during low prices. Analyst Ali Martinez points out that this increase in whale activity coincided with the rebound, which hints that these investors might have contributed to the rally.
Long-Term Targets in Focus
Another prominent market watcher, Dark Defender, sees a broader bullish structure taking shape. He suggested that XRP is finalizing an ABC correction pattern, which could pave the way for a climb toward $10.47.
Along the path, the most significant upward points are $3.33, $4.36, and $5.85. At $3.00, $2.85 and $2.64, support levels are being taken into account with heightened interest as a possible area of buy renewal.
Dark Defender described the current phase as the “middle of the ocean” for XRP’s price journey, implying more upward movement ahead if the bullish setup holds.
Related: XRP Rally Is in Its “Final Stage,” Warns Veteran Trader with an $8-$13 Target
Mixed Technical Signals
Momentum indicators give a more detailed view. The MACD is above the zero line indicating a general bullish bias.
Nevertheless, the histogram is shrinking indicating a slight lack of momentum and potential short-term consolidation. Meanwhile the Relative Strength Index is at a neutral score of between 49 and 53 points, which is yet to face fluctuations in both directions.
Related: What Will XRP’s Price Be by The End of August 2025?
At the time of writing, XRP is trading at $3.06, having dropped 2.05% in the last 24 hours and 8.81% in the last seven days. Although this retracement occurred, high whale purchases and optimistic view point of analysts are preserving bullish energy among a large proportion of the XRP-holding community.
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