Analysts Predict XRP Price Could Reach $8 As Whales Fill Their Bags

Highlights

• Large XRP holders have accumulated 150 million XRP in the past 48 hours.
• Analysts predict an 80% chance of XRP ETF approval by December 2025.
• Analyst targets suggest that XRP price could reach $8 if key support levels hold.

XRP price has showed great bull run in Q4 2024, impressing investors with its great gains. Even after facing some selling pressure in 2025, it is trading at $2.69, only down 21% from its all-time high of $3.40, showcasing its underlying strength.

Now optimism is more than ever, as the buzz around an XRP ETF has been gaining momentum, and it’s no surprise that large XRP holders are taking notice.

In the past 48 hours, these whales have accumulated an impressive 150 million XRP, further fueling the excitement.

As analysts weigh in, they’re suggesting that if the XRP USD’s price can break through key resistance levels, the price could experience a significant upward surge.

The stage seems set for a potential price explosion, and all eyes are on the XRP price to see if it can deliver.

RLUSD Gains Prominence, Odds of XRP ETF Get a Filip

Recently, a CryptoQuant analyst, Maartunn, reported that the adoption of RLUSD is on the rise. He even showed expectations for further growth, particularly in Europe.

As the recent introduction of MiCA regulations has led to the delisting of USDT, making RLUSD a more attractive option. This is especially due to the lower transaction fees on the XRP Ledger.

Similarly, recent data shows a notable surge in RLUSD transaction volume, with over 160,000 cumulative transactions and daily counts exceeding 600 in February.

Since its launch in December, Ripple’s ongoing token minting indicates a steady increase in supply, as well.

Ripple’s both RLUSD and XRP are demonstrating their value in the market, which is contributing to heightened discussions around the potential for an XRP ETF.

Moreover, according to recent insights from Polymarket, traders now predict an 80% probability of an XRP ETF approval before December 31, 2025.

Intraday, its odds have surged, which is now reflecting a 10% increase in optimism regarding this outcome.

Amid Whales Accumulation, Optimistic XRP Analysts are Eyeing the $8 Mark

Furthermore, it is evident that the recent on-chain data reveals the large XRP holder’s activities.

These metrics shows that whales have accumulated an impressive 150 million XRP, according to market analyst Ali.

As per insights from Santiment data, it shows that wallets containing between 10 million and 100 million XRP have increased their holdings. This is signaling a notable trend that is capturing market attention.

Also, this accumulation coincides with the XRP price consolidating around key support levels. This suggests that smart money may be positioning itself for a potential breakout.

Historically, such accumulation phases have preceded major price surges, as large investors typically buy during price dips, influencing market sentiment and liquidity. If this trend continues, it could lay the groundwork for expected price movements.

Also, a few days ago, Ali shared with the community that he finds the XRP USD’s price action captivating and believes it could be gearing up for a rebound based on his technical indicators. His analysis showed a TD Sequential indicator that is flashing a buy signal on the 4-hour chart.

Another optimistic analysis was done by market analyst, DefendDark, who suggested that the XRP price is following the Elliott Wave structure and is currently at the beginning of a five-wave impulse. He predicts wave 3 is expected to occur soon.

In his X post, he explained Wave 1 saw a price surge that established the upward momentum for the XRP price, which was later followed by a corrective Wave 2 that led XRP to its important support levels.

Now, he is assuming that wave 3, which is typically the longest and most intense in Elliott Wave Theory, could lead to significant price increases.

But he says this event seems only likely if the XRP price maintains its support and breaks through two critical resistance levels.

If wave 3 happens, then following wave 3, wave 4 may serve as a minor correction, while Wave 5 could complete the structure, potentially reaching higher price levels.

Based on this theory, analysts are suggesting buying opportunities at $2.4467 and $1.9996, with selling targets at $2.6052, $3.3999, and $5.8563.

If support holds, there’s potential for the XRP price to reach $8 or even higher during the next bullish phase.

Disclaimer

In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.