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XRP (XRP) has gone up by 3.4% in the past 24 hours after breaking past the $3 barrier once again ahead of the opening bell of the American session.
The token currently sits at $3.06, and trading volumes have surged above the average in the 4-hour window where the price broke through the $3 psychological resistance.
This means that a significant number of short positions may have been squeezed already, and market makers could be setting up for a much more pronounced uptick to flush out all remaining short sellers who expected a continuation of the downtrend we saw in the past few weeks.
Crypto trader Belle, whose account on X is followed by more than 50,000 users, shared an interesting chart that shows how whales dumped XRP for days as the price started to rise above $3.
Whales have been quietly exiting $XRP
⤷ 640M XRP offloaded since July 9
⤷ $340M worth quietly exited
⤷ whale flow 90DMA is leaking red$2.65 is that last lifeline before a drop to $2
But here’s the flip… whales might be done selling & XRP gonna be setting up for a… pic.twitter.com/LkGjUMOimg
— Belle (@Bitt_Belle) August 6, 2025
This selling pressure may have been the reason why the token struggled so much to make it to a new all-time high as deep-pocketed players were cashing out on the positions they opened once the price stood at around $2.2.
There has already been some buying at $3 that could indicate that whales are starting to load up on XRP once again as they open positions to prepare for the next leg up.
If Whale Flow starts to move upwards and selling pressure eases, it will mean that the worst of this downtrend may have already passed. The starting point of the rally will now be at a much higher level, at around $3, and this means that the next target could be much higher as well, at around $4 per token or beyond.
We could expect some more consolidation at around $3 for a while, as whales will keep the price at this level for a while as they start to accumulate once again.
XRP Could Rise to $3.3 Shortly After Strong Support Bounce
Looking at the 4-hour chart, the price has moved above the 200-period exponential moving average (EMA) already in this lower time frame.
The price action has also broken a long-dated descending price channel that started back on July 21. This bullish breakout has been confirmed by a successful retest and bounce off the upper bound of the channel yesterday.
The next stop for XRP at this point, if the rally continues, would be the $3.3 level. This means a potential 10% gain from where the price is right now.
The Relative Strength Index (RSI) has been moving a bit range-bound lately but is above the mid-line and has also crossed the 14-period moving average. If the rally accelerates and we get a breakout above the $3.3 area, we could expect a move toward the $3.65 level within the next few days.
Whale watching seems worthwhile as it accurately predicted how XRP would move based on how these ‘smart money’ investors behaved.
As XRP’s prospects improve and Bitcoin resumes its upward path, the best crypto presales like Maxi Doge (MAXI) stand to benefit from this recent wave of positive momentum.
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