Whales Dive Deep as XRP Surges: A Crypto Tale of Fortunes and Fed Follies

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  • The peculiar chart of XRP hints at a price leap of up to 60 percent, a jump that could make a pauper a prince.
  • Whale wallets are swelling to new heights, a sign that the big fish are back in the game.
  • U.S. laws and Fed tweaks are giving XRP a leg up in the crypto market, much to the delight of its fans.

The current price of XRP is 2.99, and it’s been on a wild ride, soaring by 5.25 percent in the last 24 hours. The market cap has shot up to 176,93 billion, and the 24-hour volume has spiked by 60.09 percent to 11.82 billion. Veteran trader Peter Brandt has spotted a rare pattern on the weekly chart of XRP, a so-called “highly rare continuation compound fulcrum pattern,” which suggests a 60 percent jump to $4.47. 📈💰

Source – X PeterLBrandt

Brandt’s analysis reveals a complex base formation, a mix of minor designs, breakdown failures, and minor ranges, which typically filters out the weak hands and accumulates the strong ones. As long as XRP doesn’t dip below the crucial support level of 1.80, the upward trend is likely to continue, much to the relief of its holders. 🌊🚀

Whale Accumulation and Institutional Confidence Fuel Rally

XRP’s recent performance has been its strongest weekly gain since November, with a 25 percent jump, riding the wave of the overall crypto market’s strength. Wallets holding more than 1 million XRP are at record highs, a clear sign that big players and institutional investors are regaining confidence. 🐳💼

Source- Glassnode 

On-chain data backs this bullish momentum. Glassnode’s Net Unrealized Profit-Loss indicator has placed XRP in the belief-denial zone, meaning traders are less inclined to sell. This stage often precedes a prolonged bullish market, unlike past instances where XRP experienced euphoria-greed levels followed by sharp declines. 📊📉

The bullish sentiment is further bolstered by XRP’s stability at major support levels, coupled with growing open interest and trading volumes, indicating high market activity and a positive outlook for future profits. 📈📈

U.S. Legislative Momentum and Fed Adopting ISO 20022 on the Role of XRP in Cross-Border Payments

Source – X

The U.S. House will vote on the GENIUS Act this week, a bill aimed at making the nation a leader in cryptocurrency innovation. Senator Hagerty has been a vocal advocate, pushing for the bill’s swift passage to the President. If passed, the bill could harmonize regulations and infrastructure, supporting cryptocurrencies like XRP, which are geared towards payment solutions. 🏛️🌟

Source – frbservices

The Federal Reserve has also upgraded FedWire to accept the ISO 20022 international financial messaging standard, a move that could benefit XRP and other currencies like Stellar (XLM), Cardano (ADA), and Algorand (ALGO). This upgrade aligns with Ripple‘s mission to streamline cross-border payments, making XRP more relevant in the global payment systems. 🌍💸

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2025-07-14 20:26