• XRP whale wallets hit ATH records.
  • Analyst explains how one final retest for XRP remains. 
  • If XRP prints the same pattern as Amazon in 2009, it could hit $202 ATH.

The crypto community continues to be steadily bullish for all crypto market assets, especially for promising altcoin assets such as Ethereum (ETH), Cardano (ADA), and Ripple’s XRP. At the moment, XRP whale wallets hit ATH and an analyst explains how one final retest for XRP remains before the price of XRP could enter a parabolic surge phase, leading the asset to set new ATH targets over the coming months. 

XRP Whale Wallets Hit ATH 

Most altcoins have been showing strong bullish indicators since before the bull cycle began. When Bitcoin (BTC) went on to set new ATH prices over the course of the past two years, altcoin assets surged too, but only a handful went on to set new ATH prices, which was disappointing compared to the gains Bitcoin pulled. This led experts to conclude that the main altseason peak event was yet to occur. 

Despite the constant delays to this long-awaited arrival of an altseason peak phase, analysts and traders hold strong to their expectations. This is because several price charts on the macro still show strong bullish opportunities in the months ahead, most of which are multi-year setups. One of the biggest signs showing the conviction from holders is the fact that they have been accumulating non-stop.

As we can see from the post above, the XRP Ledger has reached a record 332,230 wallets holding at least 10,000 XRP. According to Santiment on-chain data, the steady growth in large XRP holders since June 2024 is clear. The trend suggests continued accumulation despite broader market volatility. Analysts view rising mid to large wallet activity as a long-term bullish signal. 

Analyst Explains How One Final Retest for XRP Remains

Indeed, many investors appear to be accumulating XRP during fear-driven market conditions. Wallet growth has now fully recovered from the February crypto market crash. Some experts believe that XRP has one final retest before it reprices as Amazon did from 2009. According to the charts, it is clear that XRP’s long-term chart structure closely resembles AMZN’s setup before it entered a major repricing phase. 

As we can see from the post above, XRP has spent years respecting a rising support trendline while repeatedly struggling to break through a major resistance ceiling. Amazon showed a nearly identical structure between 1998 and 2009 before eventually breaking above the decade-long resistance level. XRP could experience one final retest of support before a larger breakout attempt develops in 2026. If XRP mirrors the exact scale of growth and rallies 5,660% from the 8-year resistance near $3.50, the asset will reach $202 per coin. 

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Nicole D'souza Posted by

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Ensuring authentic and organic news stories in the realm of web3, blockchain, and cryptocurrency, Lauren exercises her focused and vigilant art of storytelling in the form of factual and prominent industry news. She is especially fascinated by the latest development in blockchain innovation and crypto regulations.