Ripple (XRP) Price Rebounds to $2.80 Amid Whale Purchase of 17M Tokens

XRP Market Update

Ripple (XRP) prices found support at $2.80 after a 4% rebound from a 75-day low of $2.74.
Compared to Bitcoin and Ethereum, which face resistance at $110,000 and $4,000 respectively, XRP showed resilience by reaching intraday highs of $2.83.
Kalshi prediction markets indicate a 3% increase in bets on XRP hitting $5 by year-end, while bets for $4 and $3.75 declined by 10% and 5%.
A whale purchased 17,555,420 XRP (approx. $48.9 million), suggesting large investors are taking advantage of market dips.
The transaction was executed on Kraken and transferred to an external wallet, indicating accumulation rather than liquidation.

Technical Analysis and Forecast

XRP's Bollinger Bands contract, indicating reduced volatility; defending the $2.73 zone could lead to a rebound towards $3.01.
The MACD line is nearing a bullish crossover, signaling potential upward momentum if whale purchases continue.
If XRP maintains above $2.80, a move toward $3.00 is possible, with resistance at $3.18.
Failing to hold $2.80 could trigger selling pressure, risking a drop to $2.73 or lower.

Ripple (XRP) Technical Price Analysis

XRP's future path depends on continued whale interest and speculative activity offsetting broader market stagnation, potentially positioning it for a late-2025 breakout.