**Key takeaways** :

* XRP price has risen 55% since April and is now flashing bullish continuation signals.

* Whale flows have flipped positive for the first time since November 2024, historically signaling trend reversals.

* A falling wedge breakout projects 40% gains ahead, but $2.80 may act as interim resistance.

XRP (XRP) has bounced by more than 55% since forming a local bottom at around $1.61 in April. It now signals a further price surge owing to bullish technical patterns and onchain data.

_XRP/USD daily price chart. Source: TradingView_

## XRP’s whale flows mirror 2024 price boom

XRP whale wallets (addresses holding large amounts of XRP) have been aggressively reducing their holdings since November 2024, according to data resource CryptoQuant.

_XRP whale flow 30-day moving average vs. price. Source: CryptoQuant_

The trend pushed net flows deep into negative territory, preceding the sharp correction in XRP’s price from above $3.55 to under $2.00.

As of mid-May 2025, however, the trend has reversed.

Whale outflows have been slowing down, turning the 90-day moving average of net flows positive. In the past, most instances where whale flows turned positive after a prolonged negative trend has marked major bottoms or trend reversals.

A notable example is XRP’s rally from around $0.43 in July 2024 to $3.55 in January 2025, or around 400% gains, which began as whale outflows slowed and eventually flipped to net inflows.

## XRP price technical breakout targets $3.45

XRP price technicals show it breaking out of a multimonth falling wedge pattern on the 3-day chart, typically viewed as a bullish reversal setup.

The wedge, formed between December 2024 and early May 2025, had been compressing price action while volume declined, a classic sign of accumulation.

_XRP/USD three-day price chart. Source: TradingView_

The breakout occurred in early May near the $2.25 level, just above the 50-period exponential moving average (EMA), which now acts as key support. Based on the wedge’s height, the breakout projects a price target near $3.45, around 40% above current levels.

_**Related:**__**Can XRP price reach $4 in May? Analysts are watching these key levels**_

XRP’s relative strength index (RSI) also supports the bullish case, bouncing back above 57 and showing renewed buying momentum.

The move may not be a straight shot to the target, however. Analyst Mags highlights a key resistance near $2.80 that could temporarily cap XRP’s upside.

_Source: X/__Mags_

In the near term, XRP may consolidate above its 50-day EMA, particularly as whale inflows often signal the start of an accumulation phase before a stronger price breakout.

“The pace of outflows is slowing, and the bars are curling upward,” wrote Kripto Mavsimi, an analyst associated with CryptoQuant, adding:

> “It’s not full reversal yet — but it’s the first real sign of stabilization > in months.”

Such a base-building period would be a healthy development if consistent with how previous whale-driven rallies have unfolded.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.