XRP is once again drawing attention from crypto investors as a key on-chain metric suggests the embattled token could be primed for a significant rally. Recent data from CryptoQuant shows that XRP’s 90-day moving average whale flows flipped back into positive territory at the start of May — a reversal from months of persistent negative outflows that weighed on price momentum.
This trend shift echoes the pattern last observed in Q4 2024, when whale accumulation preceded a staggering 420% rally that pushed XRP to an all-time high of $3.40 in January. Although XRP has since traded with relatively muted returns, the fresh uptick in large-scale inflows hints that whales are positioning themselves for a potential breakout as Q4 2025 approaches.
Whale Wallets Reach Record Highs
Further reinforcing this bullish setup is wallet data pointing to growing investor conviction. According to futures trader Dom, the number of XRP wallets holding over 1 million tokens has hit a record 2,850. Meanwhile, wallets holding more than 10,000 XRP have increased by 6.2% year-to-date, reaching 306,000.
Despite subdued trading volumes — Q2 figures on Binance marked the lowest since August 2020 — this steady growth in big-holder accounts underscores persistent faith among long-term investors.
Sentiment Jumps on Ripple vs SEC Stalemate
Adding fuel to the optimism, sentiment tracker Santiment reports that XRP’s social sentiment has climbed to a 17-day high. This uptick follows stalled progress in the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC).
Just this week, District Judge Analisa Torres rejected a motion for an indicative ruling in the drawn-out case, reminding both parties that private settlements cannot override the court’s authority. Journalist Eleanor Terrett noted that Judge Torres emphasized that unless both sides withdraw appeals, they must resolve the dispute through formal judicial processes.
While the legal overhang has kept XRP’s price action rangebound for months, some analysts argue that clarity or even prolonged gridlock could spur new waves of accumulation, particularly if Bitcoin and Ethereum continue to lose short-term retail momentum.
Will History Repeat Itself for XRP?
For now, XRP trades above the $2 mark, closing every monthly candle above that level since December 2024. With whale flows rising and large wallet counts growing, technical traders are eyeing the same pattern that triggered the previous 420% rally.
Whether XRP can replicate that explosive surge remains to be seen, but the stars appear to be aligning for a pivotal second half of 2025.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are volatile and risky. Always conduct your research before making any investment decisions.
