XRP Targets $5 as $700M in Whale Activity Signals Bold Bullish Momentum

Whale transfers exceeding $700M push XRP into the spotlight, with analysts eyeing $5 as the next big target. Bold predictions hint at prices reaching double digits this market cycle.

XRP Price Could Hit $5 Amid Rising Whale Activity

The crypto analyst Dark Defender made a bold prediction in an X post: by 2025, the price of XRP might reach $5. Whale activity has recently escalated, with investors moving over $700 million. This prediction is made in light of this increase.

An anonymous wallet sent 300,000,000 XRP ($649.8,000,000) to Ripple, according to Whale Alert data. The Bithumb exchange received 30 million XRP from an unidentified wallet.

Increased Whale Activity Sparks Market Speculation

When whale activity increases, it's usually a good sign for the market. But here, the investor's move to the Bithumb exchange raises suspicions that they may be trying to sell their coins.

Per Coingape, there may be a lot of selling pressure on XRP if this sale goes through. Regardless, Dark Defender has still forecasted that XRP might reach $5.85, indicating an optimistic outlook for the coin.

Fibonacci Levels Signal Key Resistance at $5.85

The cryptocurrency expert brought up the fact that the Fibonacci levels of support and resistance are identical, with the initial level sitting at $5.85. On the weekly timeframe, he also said that XRP had finished the correction pattern.

After this corrective pattern was finished, Dark Defender predicted that within a week, the XRP price would break out of the triangle he had drawn on the charts.

Analysts Predict Bullish Surge for XRP

With the help of the accompanying chart, the crypto researcher predicted that XRP might continue its surge to $18 during the current market cycle. At the same time, crypto expert CasiTrades recently expressed optimism for XRP, predicting that the cryptocurrency may recover and reach $2.60.

A bullish prediction for XRP price was made by crypto expert Mikybull Crypto in an X post. He said that XRP has a very bullish chart.

According to his accompanying chart, XRP was in a good position to break out in price. The graph also revealed that this market cycle may see the cryptocurrency surge to double digits.