TL;DR
- XRP hits $3.65 ATH, but new wallet growth drops to the lowest level in recent months.
- Whale transfers $738M in XRP, sparking speculation as market momentum begins to shift.
- RSI crosses 80, showing strength but flashing warning signs of possible short-term price cooling.
XRP Price Pushes Toward Key Resistance
Ripple (XRP) has recently reached an all-time high (ATH) of $3.65, spurred by broader market gains and heightened interest following the launch of the ProShares Ultra XRP ETF. Favorable U.S. legislation has paved a clearer path for digital assets, including XRP, which has amplified demand.
Notably, as of the latest data, XRP traded at $3.49. The price experienced a 3% increase over the past 24 hours and has surged by 19% over the preceding week. Key short-term price levels to watch include $3.80, $4.33, and $4.72. According to our weekly XRP price analysis, the $4.00 level may serve as a significant pivot point for upcoming price movements.
Whale Transfer and Network Activity Shift
A major XRP transfer was recently observed, involving over 210 million tokens, amounting to approximately $738 million, shifted between two unidentified wallets. Such transactions often reflect a redistribution of interest among larger holders during price fluctuations.
Conversely, despite rising prices, network growth has seen a decline. As reported by Santiment, the number of new addresses joining the XRP network has fallen to 1,598, the lowest level recorded in several months. This trend suggests that fewer new market participants are entering, potentially limiting short-term upside potential.
Technical Setup and Resistance Levels
From a technical perspective, market analysis shared by CryptoWZRD indicates that the current setup is bullish, despite the latest daily candle closing without a definitive signal. A successful breakout above the $3.65 mark could trigger a rally toward the $4.60 to $4.70 range. Furthermore, the $6.13 level continues to serve as a more ambitious long-term target.
XRP Daily Technical Outlook: $XRP closed indecisively. However, the overall chart formation remains bullish and further upside is likely. I’ll track the lower time frame chart to scalp the next opportunity once our current position is secured
pic.twitter.com/C4KmW8f6Bk
— CRYPTOWZRD (@cryptoWZRD_) July 21, 2025
The Relative Strength Index (RSI) has surpassed 80, illustrating robust price momentum. However, this high level may also serve as a cautionary signal for potential overextension. Should buyer interest wane and profit-taking occur, XRP’s price could face pressure unless new demand emerges to sustain the movement.
In summary, while XRP’s overall structure reflects a bullish sentiment, indicators suggest a possible slowdown in momentum. The recent decline in new user growth, along with prices nearing overbought conditions, might lead to a brief correction or period of consolidation.
This post originally appeared on CryptoPotato.
