XRP Price Outlook: $0.92 Pullback Could Set Up Rally Toward $12 Target as Whale Activity Surges
Key Takeaways
- •XRP was trading at $0.9993, with a 24-hour trading volume of $880.05 million and a market capitalization of $62.63 billion, according to CoinMarketCap data.
- •Analyst Celal Kucuker views a potential pullback to $0.92 as a normal retracement that would not damage market structure, and buyers defending this level could strengthen recovery prospects.
- •A longer-term bullish target of $12 has been discussed, though reaching it would require consistent demand and several resistance breaches.
- •Data from Ali Charts showed transactions above $1 million on the XRP Ledger increased 280% within 24 hours, with more than 38 such transfers recorded.
- •It remains unclear whether whales are accumulating or selling, as transfers away from exchanges would suggest buying interest while transfers toward exchanges could indicate sell-side pressure.
XRP is poised to see a deeper pullback before continuing its broader bullish trend, according to market analysts, while rising whale activity signals increased market participation. If buyers defend key support, recovery momentum could strengthen, and traders are closely monitoring large-holder movements for signs of accumulation or selling pressure.
At the time of writing, XRP is trading at $0.9993, with a 24-hour trading volume of $880.05 million and a market capitalization of $62.63 billion, according to data from CoinMarketCap. Despite signs of stability over the last 24 hours, the token's price structure and whale activity are cited as pointing toward a bullish reversal ahead, with market participants watching whether current activity translates into sustained support at key levels.
XRP Eyes $12 After Possible $0.92 Pullback
Crypto analyst Celal Kucuker sees a potentially interesting setup for XRP as traders weigh a deeper correction against a broader bullish outlook, according to his post on X.
A pullback toward $0.92 would not necessarily damage the market structure and could represent a normal retracement, the analyst noted. If buyers defend this level, renewed momentum could strengthen XRP's recovery prospects and shift sentiment toward higher targets.
The bullish case, on the other hand, is one that sees $12 being discussed over the longer term, although getting there would take consistent demand and several resistance breaches. The reward-to-risk ratio makes this setup interesting for speculative investors at the moment. However, $12 is just a bullish target for now.
Whale Transactions Jump 280% in 24 Hours
Data from Ali Charts highlighted that whale activity on the XRP Ledger has risen sharply, as seen in the number of transactions above $1 million, which increased by 280% within 24 hours. More than 38 such transactions were recorded, showing that whales are participating once again and becoming more active on the network (Ali Charts' X post).
However, it is unclear whether the whales are holding onto or selling XRP because of the surge. In the case where whale transfers are linked with an increasing outflow of funds from exchanges and buy-side activity, bulls will be reinforced in their sentiment. Otherwise, transfers toward the exchanges may indicate sell-side pressure.
What Happens Next for XRP?
The next course of action will depend on whether XRP manages to maintain the vital $0.92 support level. If this happens, there may be new buyers entering the market, potentially triggering a reversal to higher levels of resistance. A break below $0.92, on the other hand, might extend the current correction. Whales' behavior will be watched keenly by traders.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
