XRP is beginning to build a stronger bullish case after whale investors accumulated more than 70 million XRP over the past week while the token confirmed a breakout from a bull flag formation. The combination of fresh on-chain accumulation and improving chart structure suggests buying conviction is strengthening rather than fading. As momentum continues to build, the latest XRP price prediction points to $1.24 as the next major level bulls will look to challenge.
Whales Accumulate 70 Million XRP: Why It Matters
Fresh on-chain data suggests large investors are quietly increasing their exposure to XRP. According to crypto analyst Ali Martinez, whale wallets accumulated more than 70 million XRP over the past seven days, marking one of the largest buying phases seen in recent weeks. The steady accumulation comes as XRP continues recovering alongside the broader crypto market, reinforcing the view that larger holders are positioning ahead of a potential continuation move.
Historically, sustained whale buying has often helped absorb selling pressure during consolidation phases while improving overall market confidence. Although whale activity alone doesn’t guarantee a rally, it becomes a stronger signal when accompanied by improving price action and bullish technical indicators. With XRP now trading above a key breakout level, the latest accumulation trend is adding further support to the token’s near-term outlook.
Analyst Says XRP Bull Flag Breakout Could Fuel Rally to $1.25
Alongside improving on-chain activity, XRP’s technical picture has also turned constructive. Market analyst Crypto Gerla recently highlighted that XRP has confirmed a breakout from a bull flag pattern, a continuation setup that typically forms after a strong impulsive move before the trend resumes higher.
The breakout has shifted attention toward the retest zone, which many traders consider a crucial confirmation level. If buyers successfully defend this area, the probability of another upside move increases significantly. The next major resistance now sits near $1.25, where XRP could face fresh selling pressure after its recent recovery. A decisive move above that level would strengthen the broader bullish trend and potentially open the door for further gains.
XRP Price Analysis: Can Bulls Sustain the Breakout?
XRP is gradually regaining strength after weeks of consolidation. Following the bull flag breakout, the token continues to trade above its short-term support levels while maintaining a sequence of higher lows, an early sign that buyers remain in control. Momentum indicators have also improved, with the Relative Strength Index (RSI) climbing into bullish territory without yet reaching overbought levels. Moreover, trading volume has remained supportive throughout the breakout, increasing confidence that the move is backed by genuine buying interest rather than short-term speculation.
If XRP continues holding above the breakout zone, the next upside target remains $1.24. Beyond that, buyers could begin targeting the broader resistance area around $1.30. On the downside, losing the breakout support could trigger a healthy pullback toward the previous consolidation range before the broader uptrend resumes.
What’s Next for XRP?
XRP is entering an important phase where on-chain data and technical indicators are beginning to reinforce each other. Whale wallets continue accumulating, buyers have reclaimed a key breakout level, and the broader crypto market remains supportive.
If bulls successfully defend the current breakout zone, the latest XRP price prediction suggests a move toward $1.24 remains the most likely near-term scenario. However, sustaining that momentum will depend on continued buying pressure and XRP’s ability to convert the recent breakout into a lasting trend.