XRP Gains 6% on Technical Breakout, While Whale Wallets Now Hold Over 47B Tokens

XRP Breakout Fueled by Institutional Demand and RLUSD Growth

11/7/2025

XRP is enjoying fresh bullish momentum, driven by soaring trading volumes and a wave of institutional interest, as Ripple’s RLUSD stablecoin bolsters confidence in the broader XRP ecosystem.

What’s Driving the Move

Market sentiment for XRP has strengthened notably after Ripple’s RLUSD stablecoin crossed a $500 million market cap earlier this week — a symbolic achievement reinforcing XRP’s growing ecosystem.

Meanwhile, optimism is building around possible regulatory victories for Ripple in both the U.S. and Asia-Pacific regions. This positive backdrop, combined with heightened whale activity, has ignited renewed institutional participation.

Adding technical fuel to the rally, analysts have flagged a significant breakout from XRP’s multi-week descending wedge — a pattern known for preceding sharp price moves.

Key Market Highlights

• XRP climbed 6% between July 10 (04:00) and July 11 (03:00), rising from $2.42 to $2.57, with an intraday range of $0.17 and roughly 7% volatility.
• The key breakout came around 21:00, sending XRP from $2.50 to $2.56 on a surge of 219.30 million in trading volume — 168% higher than its 24-hour average of 81.85 million.
• Fresh support has established itself at $2.53, with price consolidation above $2.54 signaling a healthy uptrend.
• Whale wallets holding over 1 million XRP now collectively hold 47.32 billion tokens, underscoring robust institutional accumulation.

Price Action Overview

• Trading Range: $0.17
• Low → High: $2.42 → $2.59
• Breakout Trigger: 21:00, July 10
• Volume Surge: 219.30M (vs. 24-hour avg 81.85M)
• Support Zone: $2.53, validated above $2.54
• Resistance Zone: $2.56, with next targets in the $2.70–$2.90 range
• Final Hour (02:28–03:27): XRP edged down 0.35%, slipping from $2.58 to $2.57, forming a descending channel marked by lower highs

Technical Takeaways

• Wedge Breakout: XRP’s move above $2.30 confirms a bullish continuation pattern.
• Volume Signal: The spike to 219.30M volume highlights strong conviction and institutional flows.
• Support Holding: Steady trading above $2.54 reinforces the bullish setup.
• Short-Term Cooling: Late-session pullback signals possible short-term consolidation, with lower highs seen at $2.59, $2.58, and $2.57.
• Profit-Taking Clues: A volume burst of 4.10 million at 03:25 hints at potential institutional selling into strength.

What Traders Are Watching

• Can XRP sustain momentum and break decisively above $2.60, targeting the critical $2.70–$2.90 range, key to recapturing the bullish sentiment last seen in 2021?
• Growth in whale wallets and RLUSD’s $500 million milestone remain crucial macro signals, supporting a longer-term demand thesis for XRP.
• A retest of the $2.53–$2.54 support zone could offer attractive entries if consolidation holds firm. A dip below $2.50 would threaten the current bullish structure.

Outlook

XRP’s rally stands on a solid foundation of technical strength, surging volume, and positive fundamentals tied to RLUSD and institutional accumulation.

Although the modest dip in the final hour suggests near-term profit-taking, the broader trend remains upward. A confirmed break above $2.60, with sustained volume, could open the door toward $2.90 — and some analysts even project a possible run to $5.00.

For traders, XRP is no longer just a chart play — it’s becoming a story of significant capital flows and growing conviction in the asset’s future.