Source: Cointelegraph.com NewsKey takeaways:<\/p>\n
XRP\u2019s strongest spot premium phase suggests real buying demand, not just speculative futures trading.
\nThe number of XRP addresses holding \u226510,000 tokens has steadily climbed, even during recent price pullbacks.
\nA falling wedge pattern points to a possible breakout toward $3 to $3.78, with up to 70% upside if confirmed.<\/p>\n
XRP (XRP) is experiencing its strongest sustained phase of spot premium in history, a period where the spot market has been consistently trading at stronger levels compared to perpetual futures. Source: Cointelegraph.com NewsKey takeaways: XRP\u2019s strongest spot premium phase suggests real buying demand, not just speculative futures trading. The number of XRP addresses holding \u226510,000 tokens has steadily climbed, even… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128473"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128473"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128473\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128473"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nXRP\u2019s 350% rally is backed by real demand
\nSince 2020, most major XRP price peaks happened when the perpetual futures market was leading, noted market analyst Dom in his May 2 post on X.
\nXRP\u2019s futures prices being higher than spot signaled excessive speculation and led to sharp price drops.
\nXRP\/USD daily price ft. spot vs premium rates. Source: TradingView\/DomAs of 2025, a spot premium suggests that demand from actual XRP buyers is driving the rally, pointing to a more stable price rise compared to past runs powered by leveraged bets.
\nFurther reinforcing the case for real demand, Glassnode data shows a consistent rise in the number of XRP addresses holding at least 10,000 XRP (the green wave in the chart below) since late November 2024.
\nXRP\u2019s price has rallied by approximately 350% since then.
\nXRP number of addresses with a balance of over 10,000 tokens vs. price. Source: GlassnodeXRP\u2019s whale count has risen even during its 35% price pullback between January and April. It suggests that larger holders\u2014often viewed as more patient or strategic investors\u2014are steadily accumulating positions in anticipation of further gains.
\nOptimism has been fueled by improving odds of spot XRP ETF approval in the US. The US Securities and Exchange Commission\u2019s (SEC) decision to drop its lawsuit against Ripple has further boosted the market\u2019s upside sentiment.
\nSource: Eric BalchunasRelated: SEC punts decisions on XRP, DOGE ETFs
\nFalling wedge hints at 70% XRP price rally
\nXRP has been consolidating within a falling wedge pattern on the weekly chart \u2014 a structure defined by downward-sloping, converging trendlines. In technical analysis, this pattern is generally viewed as a bullish reversal signal.
\nA confirmed breakout requires a clear move above the wedge\u2019s upper resistance near $2.52.
\nXRP\/USD weekly price chart. Source: TradingViewIf XRP breaks this level, the pattern\u2019s measured move \u2014 calculated from the wedge\u2019s maximum height \u2014 suggests a potential rally toward $3.78 by June. This would represent an estimated 70% upside from the current prices.
\nConversely, if XRP fails to break above the $2.52 resistance, the price could pull back toward the wedge\u2019s lower trendline. The pattern\u2019s apex near $1.81 may act as the final potential breakout point.
\nA breakout from the $1.81 level would still keep the pattern\u2019s structure intact, with a potential upside target around $3 by June or July \u2014 roughly 35% above current levels.
\nThis 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.Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"