XRP has rebounded 19% from its recent low, driven by whale activity and a potential short squeeze, with a breakout target of $3.19 indicating further gains.
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XRP rebounds 19% from recent low, with $3.19 breakout eyed as key trigger for further gains.
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Whale transfer of 20M XRP and net exchange outflows signal possible accumulation trend.
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Short squeeze potential could push XRP to $3.40 if current resistance levels are surpassed.
XRP rebounds 19% as whale activity and market dynamics suggest potential for higher price targets. Discover the latest insights!
| XRP Price | $2.94 | 19% increase from recent low |
What is XRP and Why is it Rebounding?
XRP is a digital asset designed for fast and cost-effective cross-border transactions. Its recent rebound of 19% from a low of $2.47 indicates growing market confidence, driven by whale activity and potential short squeezes.
How Does Whale Activity Impact XRP’s Price?
Recent whale activity supports the bullish outlook for XRP. A significant transfer of 20 million XRP has been recorded, suggesting accumulation. Additionally, net outflows of 29.38 million XRP from exchanges indicate a long-term holding trend among investors.
Frequently Asked Questions
What is the significance of the $3.19 breakout for XRP?
The $3.19 breakout is crucial as it may trigger further price increases, potentially leading XRP toward $3.40 if resistance levels are surpassed.
How can whale activity affect cryptocurrency prices?
Whale activity can significantly impact cryptocurrency prices by creating demand through large purchases, which can lead to price increases.
Key Takeaways
- XRP has rebounded 19%: Indicating a potential bullish trend.
- Whale activity is increasing: Suggesting accumulation and long-term holding.
- Resistance levels are critical: Holding above $3 is essential for further gains.
Conclusion
XRP’s recent rebound highlights the importance of whale activity and market dynamics in driving price movements. As it approaches critical resistance levels, investors should remain vigilant for potential breakout opportunities. The outlook remains optimistic as XRP aims for higher targets.
XRP rebounds 19% from recent low as whale activity, short squeeze potential, and $3.19 breakout setup point to higher targets.
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XRP rebounds 19% from recent low, with $3.19 breakout eyed as key trigger for further gains.
-
Whale transfer of 20M XRP and net exchange outflows signal possible accumulation trend.
-
Short squeeze potential could push XRP to $3.40 if current resistance levels are surpassed.
XRP has staged a notable rebound, rising nearly 19% from its recent low after a strong rally earlier from $3.0031 to $3.6561. The cryptocurrency’s price action suggests that momentum may be rebuilding, with analysts pointing to higher targets if key resistance levels are cleared. At the time of writing, XRP was trading at $2.94.
Technical Setup and Analyst Targets
According to analysis prepared by BitGuru, XRP’s recent price movement follows a “bullish beauty” rally, a correction phase, and a sideways consolidation. This pattern has now given way to a bounce that could set the stage for a push toward the $4 mark.
$XRP Targets $4? Momentum Rebuilding Fast…. #XRP showed a stunning rally from $3.0031 to $3.6561 a true “bullish beauty.” After a phase of correction and sideways movement, the price has now bounced nearly 19% from the recent low. pic.twitter.com/lODqDJxliI
— BitGuru 🔶 (@bitgu_ru) August 5, 2025
EGRAG Crypto projects targets ranging from $4.89 to $48.90, depending on whether a standard or logarithmic scale is used. He identifies the “Bifrost Bridge,” a resistance zone that XRP has tested for over 240 days, as the pivotal breakout point. A weekly close above this zone could trigger the next major leg upward.
Crypto King observed that after breaking out in late 2024, XRP delivered a 585% return, with another 70% gain following the July 2025 breakout. “The real bull run has not even started yet,” he stated, maintaining a $7 target.
Whale Activity and Market Structure
Recent whale activity supports the bullish outlook. Whale Alert recorded a 20 million XRP transfer from Upbit to an unknown wallet, indicating possible accumulation. CoinGlass data also shows 29.38 million XRP in net outflows from spot exchanges in 24 hours, suggesting long-term holding behavior.
Short positions currently outweigh longs by a wide margin, creating conditions for a potential short squeeze. A move of 10–14% could push XRP toward $3.40 through forced liquidations. Technical charts show XRP trading in a falling broadening wedge, often a precursor to bullish breakouts.
A breakout above $3.19 would open the path to $3.30, while clearing $3.45 could trigger larger moves. Analysts note that holding above the $3 level remains key for sustaining momentum toward higher price targets.
