XRP price eyes $3 as whales accumulate 360 million tokens: Is a breakout near?

XRP Gains momentum toward the $3 Mark

For several months now, the crypto community has been closely monitoring XRP news. The recent XRP price rally toward $3 was the strongest move in months.

The previous XRP highs reached around $3.84 in January 2018, during the overall boom in the crypto market, and $1.95 in 2021, thanks to a bull run. In July of this year, the XRP broke through its all-time highs, peaking at $3.65. Market capitalization at the time was approximately $153 billion, bringing the asset closer to Bitcoin's performance.

However, amid a general decline in the crypto market and regulatory delays in the approval of the Ripple ETF, the price of XRP also began to fall. These and other general economic factors led to a negative mood among XRP whales, which entailed a large sale of the asset and a price correction to $2.19.

Analysts see bullish momentum in the Ripple price's behavior and wait for it to reach the XRP $3 target.

What is happening with XRP today, and what are the predictions for its future? You’ll find the answers here. 

Whale activity: 360 million XRP accumulated

At the end of October, a large XRP accumulation occurred again. Since October 24, wallets containing more than 1 billion XRP have increased their stocks from 25.07 billion to 25.19 billion, resulting in 120 million worth of gains.

In addition, wallets with a balance of 10 million to 100 million XRP added about 70 million coins, increasing the amount from 8.15 billion to 8.39 billion. In total, these wallets added tokens worth $360 million.

Such whale activity means that major players believe in bearish momentum and perceive the XRP price cut as a temporary respite for the market.

On November 4, the XRP rate fell to almost $2, the day of writing  — 13 of November, it has already corrected to $2.33. However, according to some analysts, the dump is not over yet, and it is too early to bet on a reversal in the market: the bearish trend will continue until the token’s price hits the bottom around $1.9.

Market sentiment and on-chain signals

On November 6, analytics platform Santiment recorded the largest 48-hour increase in XRP Ledger wallet users in eight months, with 21,595 new wallets created in two days.

XRP price rose 10% in 24 hours as investors rushed to snap up the token on a slide after a brief correction.

According to Santiment's XRP on-chain data, 1.3-1.9 million transactions were logged daily at XRP Ledger during the last month. XRP activity peaked on November 3, when almost 1.9 million transactions were processed in one day.

Then the momentum slowed slightly to 1.7 million when XRP on Bitstamp fell to a one-week low of $2.1, but soon the price returned to $2.30.

Several market analytics platforms reported that retailer participation helped XRP grow, but large holders are pulling the coin down. According to market analyst Ali Martinez, whales holding 100 million to 1 billion XRP coins cut their positions by about 900,000 tokens in five days. CryptoQuant experts called the process a pattern ”sell the news” event — the culmination of a planned distribution phase by XRP whales, as confirmed by on-chain data.

The active dynamics of the token and the latest XRP news were welcomed in the media. The crypto commentator X Finance Bull shared the charts of bullish mentions, which show a decisive increase in community participation and trust in XRP. The latest XRP on-chain data shows that XRP is the most positively perceived asset among major cryptocurrencies, ahead of projects such as SEI, Zama, and BGB.

XRP’s technical outlook and key resistance levels

XRP technical analysis shows a neutral trend on the RSI (around 47), indicating no clear bullish or bearish signal. However, near-zero MACDs (around 0.07) signal possible selling pressure, lower bullish momentum, and the need for caution.

The direction of movement of moving averages (for example, 50-day and 200-day) shows an upward trend. This indicates that the price is likely to rise in the short to medium term as the short-term moving averages cross the long-term upside, signaling an increase in bullish momentum.

Technical indicators show that XRP is currently consolidating in the upstream channel, with upward momentum supported by a continued rebound from October lows near $2.12.

According to TradingView, the current Ripple price faces a strong XRP resistance level at $2.70, drawn at previous highs, which could be a temporary obstacle to the bullish trend continuing. If momentum increases, a break of this level could pave the way for $3.00 and possibly a July high of $3.65.

On the other hand, the $2.17 support level is still important. The loss of this area could trigger more selling pressure.

Market analysts warn that while the overall outlook remains optimistic, overbought short-term timeframes could trigger a slight pullback before the next XRP breakout.

Ripple’s legal and regulatory landscape

Positive XRP predictions are based not only on graphs, but also on the legal aspect. After years of legal pressure on the token, the Ripple and SEC litigation was finally over on August 22. Immediately after Ripple price rose significantly. The trading volume increased to 208% as investors began to actively carry out operations with cryptocurrency. However, this was followed by a price rebound to $2.12. The price decline initially slowed down investors.

Nevertheless, there is tension in the general market: its attention is focused on the decision of the Federal Open Market Committee (FOMC) to cut interest rates and continue to pursue "soft" policies. More precisely, to its consequences. While the shift is favorable for risk assets, the FRS has been clear: future decisions will rely on new data, not just market expectations. For crypto investors, this means staying vigilant and monitoring signals, not just price.

Along with the final settlement of the Ripple token status, asset managers Grayscale, Bitwise, Canary, CoinShares, Franklin, 21Shares, and WisdomTree have updated their SEC filings to launch XRP-based spot ETFs. The decision on adoption was expected at the end of October, but against the background of the work of the US government, the work of regulators was suspended, and ETF approval was delayed. Nevertheless, the issuers showed their confidence in the soon resolution of the issue. 

On November 10, the Canary XRP ETF was formally approved by the SEC for listing on the Nasdaq following the announcement of a Senate funding bill. This, in turn, means a focus on reopening the federal government after weeks of closures and suspensions. This Ripple news has already led to an increase in the XRP price to $2.53.

Broader market trends supporting XRP’s rise

In October, the crypto market underwent a deep correction. Market sentiment still looks shaken as traders lock in profits and risk appetite wanes amid heightened volatility.

Since the beginning of November 2025, Bitcoin has dipped from levels around $110.000 to below $99.000. Only for the period from October 27 to November 5, the fall was about 15%. 

In addition, spot Bitcoin and Ethereum ETFs show negative dynamics on the weekly horizon. However, experts note that, when viewed as a whole, there is a reverse trend. The arrival of $3.4 billion shows that major players are not leaving the market, despite the fear of a recession.

Analysts suggest the drop could be a temporary correction after recent rallies, though the intensity of the losses hints that investors are starting to be cautious ahead of upcoming market catalysts.

Following news of a possible government revival, market sentiment improved slightly. The cryptocurrency fear and greed index rose from 22 to 29 points, leaving the "extreme fear" zone. The total value of the crypto market today grew by 4.6%, amounting to about $3.66 trillion.

At the time of publication, Bitcoin was trading at $105,149, up about 4% over the past 48 hours. Ethereum rose about 5% to $3,558. XRP broke out by about 8.7% to $2.46 and Solana by about 6.5% to $164.

Analyst predictions: Can XRP break past $3?

Based on the technical data, earlier XRP predictions are coming true. Although many analysts believe that a second price decline is still possible, that’s why we will not see a move towards the XRP $3 target as quickly as we wanted.

At the same time, due to the XRP ETF approval, many expect an increase in demand, similar to the wave when launching Bitcoin and Ethereum ETFs. It could sharply increase the Ripple price from $5 to $10- $15 in the most bullish XRP forecast.

Conclusion

Today, XRP is in the spotlight. Its active movement indicates a great interest in both whales and private investors. Most analysts' predictions are positive and reflect the bearish momentum of the market.

Still, the main catalyst for the behavior of the crypto market and XRP price in particular is US home policy. The decisions made by the state government will determine the future mood of the financial and crypto markets and the behavior of investors. 

Stay focused and don’t miss the market signal. You can buy XRP on many popular crypto exchanges and swap it on SwapSpace.

FAQ

What is XRP?

XRP is a native Ripple token. To know more about the coin, go to our XRP review.

Is XRP a good investment?

XRP is a highly liquid asset, so you can use it to diversify your investment portfolio. Still remember about risks related to cryptocurrency.

What is XRP used for?

XRP is a crypto asset that facilitates payments on RippleNet.

How does the regulatory landscape bear XRP’s price?

The Ripple and SEC litigation was over in August 2025. Immediately after XRP’s price went high. The recent  XRP ETF approval is also a catalyst for price growth and asset confidence. 

Why does XRP have value?

The value of XRP lies in Ripple's ability to work with financial institutions around the world. The coin is rated for high transaction speed and low fees.