XXX's Unstoppable Rise to $12 by 2026: Elliott Wave Analysis and Whale Accumulation
XRP's (XRP) Technical Indicators Suggest Possible Price Surge Beyond $2.36 Mark
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Toggle* XRP price shows a promising trajectory towards a massive rally to $12 by 2026, driven by Elliott Wave pattern analysis and whale behavior.
- Whales stockpile over 440 million XRP tokens in the last month
- XRP trading at around $2.17 with a resistance at $2.36
- 71% of Binance futures traders are stacking up on XRP
- SEC drops lawsuit against Ripple, a significant legal milestone
XRP has experienced a mild 5% drop in the past week, currently valued at approximately $2.17, as per May 5, 2025. Despite this minor setback, technical indicators and whale activity point to a potentially groundbreaking rally in the near future.
An analyst employing Elliott Wave theory has detected a bullish formation on XRP's weekly chart. This analysis indicates that Ripple has concluded the corrective phase between the $1.65 and $2.05 range.
This progression signals the preparation for the third wave of the Elliott pattern, usually characterized by powerful and sustained upward movement. If this projection holds true, we can anticipate a possible 2,900% surge in XRP price, which translates to approximately $12 per token between 2025 and 2026.
For this bullish run to transpire, XRP needs to continue generating higher highs and higher lows. A discernible ascending channel on the charts supports this idea.
Roaring Whales Confirm Bullish Predictions
On-chain data reveals substantial accumulation by XRP whales over the past month. Significant addresses, holding between 1 million and 10 million XRP, have scooped up 190 million tokens. What's more striking is that addresses with holdings between 10 million and 100 million coins have gobbled up 440 million XRP over the same period.
The number of addresses possessing 10,000 or more XRP has now surpassed 300,000, setting an all-time high according to Glassnode data. This whale accumulation has continued even when the market was consolidating. Such buying behavior from large holders often precedes major price movements. Whales usually start hoarding when prices are relatively low, preparing for future upsurges.
This whale positioning correlates with the Elliott Wave analysis, further validating the case for a potential price explosion that could elevate XRP into a double-digit cryptocurrency.
Short-term analysis reveals XRP attempting to break through a falling wedge pattern on the four-hour chart. If this breakout materializes, it could instigate a 7% rally to $2.36 in the immediate future.
Should this resistance be cleared, the way for movement towards $2.59 would open. However, if support at $2.13 crumbles, XRP could plummet to $1.96.
The RSI currently stands at 43 on the four-hour chart, signifying bears have a slight advantage in the short term. In contrast, daily chart analysis showcases more bullish indicators, with RSI above 54 and MACD revealing green histogram bars.
Derivatives data presents a mixed picture. Although XRP volume is up 24%, open interest has slightly dipped. The long/short ratio remains under 1, implying derivatives traders aren't overwhelmingly bullish.
Recent liquidation data displays $5.24 million in liquidations, with $4.89 million being long positions. This suggests that bullish traders have taken a beating for their positions.
Regulatory Decisionsfortify Market Confidence
The SEC has ended its lawsuit against Ripple after four long years of legal battles. This decision constitutes a significant triumph for the company and has positively impacted investor sentiment.
Ripple's Chief Legal Officer, Stuart Alderoty, interprets the SEC's withdrawal as a reflection of misguided regulatory strategies. Many legal experts perceive this as a tacit acknowledgment of the regulator's weakness.
This legal success has contributed to the optimistic sentiment among traders. On Binance, more than 71% of futures traders are now backing XRP, with the Long/Short Ratio ascending to 2.51.
Although the SEC has delayed Franklin Templeton's XRP ETF approval until June 17, 2025, lawyer Bill Morgan sees this timing as "potentially strategic." He has expressed positive anticipation towards an ETF approval in 2025, which could serve as another catalyst for XRP price movements.
For a substantial rally to surface imminently, XRP requires stronger buying pressure and a decisive close above recent resistance levels near $2.25. Until then, consolidation remains the prevailing market pattern.
The $3 level represents a significant target for XRP in May 2025. A daily candlestick close above resistance levels could confirm an uptrend and bring this target into play.
XRP currently faces a crucial crossroads, with $2 serving as a key support level. The ensuing weeks will decide whether this level holds or if XRP faces further declines before its anticipated lengthy rally.
- The XRP price, currently at around $2.17, has shown a promising trajectory towards a massive rally to $12 by 2026, driven by Elliott Wave pattern analysis and whale accumulation.
- Large XRP holders, or whales, have hoarded an impressive 440 million tokens in the last month, indicating a potential upcoming surge in the cryptocurrency's price.
- Despite a 5% drop in the past week, the bullish formation on XRP's weekly chart suggests the preparation for a powerful and sustained upward movement, potentially resulting in a 2,900% surge in XRP price by 2026.
- The SEC's recent decision to drop its lawsuit against Ripple is seen as a significant legal milestone that has positively impacted investor sentiment and corroborates the case for a potential price explosion, potentially elevating XRP into a double-digit cryptocurrency.
