XRP: Whales Halt Selling, Volume Surges – Is a Breakout to $4 Next?

XRP has experienced a remarkable spike in trading volume, surpassing $5 billion on July 3, 2025—an 86% increase within a 24-hour window. This surge appears closely linked to a combination of heightened investor confidence, Ripple’s ongoing efforts to secure a US national bank charter, and positive momentum across the broader cryptocurrency market.

Initially, this period of volatility was amplified by substantial whale activity, with more than $1.2 billion in XRP sold off. This significant sell-off triggered a period of short-term price weakness and generated uncertainty regarding XRP’s immediate prospects.

More recently, however, on-chain data reveals a notable shift: whale-to-exchange transactions have dropped to zero, indicating that major holders have ceased large-scale selling. This behavioral change may suggest a pivot toward longer-term holding strategies among significant stakeholders. Supporting this, the number of wallets containing more than 1 million XRP has reached a 12-year high, which further implies accumulating interest among large holders. The market now awaits to see whether this reduction in whale-driven selling activity will translate into renewed upward momentum for XRP’s price.

Resistance and Support Analysis
The immediate resistance level for XRP is around $2.35, and a breakout above this level will push prices higher to $2.65/$2.80/$3/$3.40/$4. Any breach above $4 confirms further bullishness, a jump to $5. On the downside, immediate support lies at $2 any break below targets $1.60, $1.27, $1.00, $0.85, and $0.74.

CCI(50)- Bullish

Directional Movement Index - Neutral

Trading Strategy Recommendation

It is good to buy on dips around $2 with SL around $1.60 with SL around  $4.