Will XRP Price Hit ATH This Week?

XRP Price today is showing renewed bullish momentum after a 3% price bump today, climbing closer to the $3.37 breakout level. 

The rally is largely driven by a massive 93% drop in whale-to-exchange transfers since July 11, when sell flows peaked at 43,575 XRP. As of July 28, that number has dropped to just 2,965 XRP, according to CryptoQuant data. 

This signals that large holders, typically responsible for short-term sell pressure, are no longer cashing out at the same pace, giving the market breathing room for a potential uptrend. 

Market Sentiment Shifts to Accumulation Mode

While XRP price action has been relatively flat, underlying market strength is quietly building. The Chaikin Money Flow (CMF) indicator, which measures capital inflows and outflows, has been flashing a bullish divergence. 

XRP has been making lower highs, but CMF has moved upward, signaling that accumulation is happening behind the scenes even as price remains subdued. This is typically an early sign of a possible breakout, suggesting that smart money may be positioning before a stronger move. 

Technically, How High Will XRP Go?

XRP now faces a key resistance at $3.37. If it flips this level into support, technical projections show potential upside toward $3.62, $3.83, and ultimately $4.00. These levels align with previous Fibonacci extension zones and prior market highs. A clear break above $3.62 would set the stage for XRP to retest its all-time high and possibly set a new one.

Crypto analyst Guy on the Earth says XRP just completed a strong retest of its previous trading range, setting the stage for more upside. Holding above prior weekly highs keeps the bullish momentum alive, with targets at $4.13 and potentially $5.30 if the rally extends. 

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He notes XRP’s RSI is approaching the overbought zone, where historically, XRP has made its biggest moves. Overall, he remains firmly bullish, expecting XRP to post its highest weekly close yet.

It’s not a guaranteed run…

A drop below $2.96 would invalidate the bullish setup in the short term, potentially triggering a deeper correction. But for now, with whale activity tapering off, fresh inflows building, and bullish technicals lining up, XRP looks primed for a strong weekly close. As macro tailwinds pick up and the Fed gears up for its rate decision this week, all eyes are on whether XRP can finally break free toward new highs.

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