XRP Price: Whales Just Bought 20 Million Tokens — Is a Breakout to $3.50 Next?

TLDR

• XRP is trading at around $1.34–$1.37, up roughly 1–2% over the past 24 hours
• Trading volume jumped over 27% in 24 hours, reaching $2.24–$2.9 billion
• Whale activity shows 20 million XRP were purchased in the past week
• Technical indicators show weak momentum, with RSI near 40 and a flat MACD
• Iran-related geopolitical news is lifting crypto markets broadly, including XRP

XRP is consolidating in a narrow price range and showing early signs of building momentum. The token is currently trading between $1.33 and $1.37, with its market cap sitting at around $82–$84 billion.

Over the past 24 hours, trading volume surged over 27%, reaching $2.24 to $2.9 billion. That rise in volume came alongside a modest 1–2% price gain, which some traders are watching closely.

Crypto analyst Ali Charts noted on X that whales purchased 20 million XRP in the past week. That level of accumulation by large holders is often seen as a sign of confidence in a potential price move.

XRP’s 52-week range runs from $1.14 at the low end to $3.65 at the high. The current price sits far below the $3.50 level that analysts are pointing to as a key target if a breakout occurs.

Technical Picture Points to Sideways Trading

According to TradingView data, XRP is in a horizontal consolidation phase following a peak near $3.50 in mid-2025. The price is trapped in a tight range with no clear directional momentum.

The RSI is sitting at 39.72, just above the oversold zone. The MACD lines are nearly flat at the zero level, which indicates neither buyers nor sellers are in control right now.

Analyst Hailey LUNC XRP flagged on X that XRP remains in a downtrend, but that declining volatility and tightening price action could signal accumulation beneath resistance. She is watching for a potential breakout before the end of May.

If that breakout happens above the descending trendline, the next target analysts are watching is $3.50. If it fails to break resistance, the token could stay in its current range or face additional selling pressure.

Geopolitical News Gives Short-Term Lift

XRP gained on Monday alongside the broader crypto market, partly driven by geopolitical developments. President Trump announced that the U.S. would take steps to restrict ship transit through the Strait of Hormuz. That news initially weighed on risk assets.

However, Trump also indicated that Iran had reached out to U.S. officials to resume negotiations toward ending the war. That update reversed the initial sell-off, lifting both stocks and cryptocurrencies.

Bitcoin rose 2.9% and Ethereum gained 2.3% in the same 24-hour window, with XRP rising 1.3% to 2.55% during that period.

Analysts have noted that XRP’s price tends to track interest rate expectations closely. If the Iran conflict extends and fuels inflation, the Federal Reserve may hold rates higher for longer, which would be a headwind for XRP and the broader crypto market.

As of the latest data, XRP is trading at $1.37, with volume at $2.9 billion and a market cap of approximately $84 billion.

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