- XRP has surged by over 10% twice in just one week
- Is this a calculated move, or does XRP have genuine long-term value?
If there’s one coin making the most of Bitcoin’s recovery post the second Fed clash, it’s XRP. Following impressive 10% gains in a single day – its second such surge in just a week – XRP HODLers are finally seeing their patience pay off. As profits roll in, all eyes are now on how far this rally can go. Could we be on the verge of a $3 breakthrough?
Whales will tell
A massive $12.68 million in shorts were wiped out in just 24 hours, signaling that XRP’s bulls are back in control. With a standout 23% weekly surge, XRP is the only high-cap showing such strength. And, the price chart clearly reflected that.
In one powerful pump, XRP reclaimed three key levels, with the altcoin sitting at $2.86 at press time. This level was even higher than its post-election peak. For HODLers, the profits are clearly stacking up.
Source: TradingView
Interestingly, this breakthrough above $2.80 is no fluke – It’s a result of strategic accumulation. In just two months, wallets holding between 1M to 10M XRP have ramped up their holdings by over 37%, injecting a massive $3.8 billion worth of XRP into their portfolios.
And the buying spree doesn’t stop there either. Just over the week, wallets holding 100M to 1B XRP acquired an additional 1.09 billion tokens.
Why does this matter? Well, XRP’s “Trump pump” began exactly when these big wallets started accumulating, and in under a month, XRP surged to $2.80 – Marking a staggering 351% price jump.
Their strategy? Buy the dip. And for these HODLers, it’s paid off big time – They’re sitting on a cool 95% profit (based on the current market price). So, now with the whales back in action, it’s not entirely out of reach for XRP to break $12 by the end of Q1. Is it?
For XRP, it’s more than just statistics
With XRP’s rally heating up, you can expect “sell-the-news” chatter to make the rounds. But, don’t let it sway you. The numbers pointed to a potential $12 rally, but history warns us that the altcoin can easily overheat. In fact, the RSI has already surged above 70 – Still far from the 95-level seen when XRP peaked at $2.80.
However, as the market heats up, FOMO will likely kick in after XRP crosses $3. HODLers need to stay strong to avoid a long squeeze.
Here’s why – Retail capital hasn’t yet returned to its peak levels. Back when 12 billion XRP were removed from exchanges, it was a sign of major market strength. Right now? Only 22 million XRP have been pulled off.
Source: CryptoQuant
Realistic or not, here’s XRP market cap in BTC’s terms
However, with strong hands in control and the market still showing potential, a $3 breakout looks increasingly likely. Still, the next few days are make-or-break for XRP.
While breaking $3 seems inevitable, HODLing it will be the real test.
