XRP (XRP) is down 2% in the past 24 hours, currently trading at $2.14 after a weekend pullback across the broader crypto market.
While recent whale activity – including a 29.5 million XRP transfer to Coinbase valued at $64.4 million – might suggest short-term pressure, it could also signal strategic repositioning ahead of a major move.
Large transfers often spark concern, but they don’t always lead to sell-offs, especially when sentiment across the market is turning bullish.
— Whale Alert (@whale_alert) May 3, 2025
What’s more, XRP’s weekly chart is beginning to mirror a historical pattern that preceded major rallies in past cycles – setting the stage for a strong rebound.
If this pattern repeats, the current dip could mark the calm before a breakout – supporting a bullish XRP price prediction in the weeks ahead.
XRP Could Rise to $7+ if This Historical Pattern Repeats
An Elliott Wave analysis shows that XRP could be in the last leg of its recent uptrend and could make a significant move toward the $7 area in the next few months.
The price action looks quite similar to what happened back in November 2020 when the 21-day EMA made a bullish crossover above the 200-day EMA. Back then, the price moved from $0.697 to nearly $2 in just 6 months.
This bullish crossover occurred in November last year as well and has pushed the price near its all-time high. Hence, if this historical pattern repeats, it favors a push to $7 pretty soon.
Momentum indicators in the weekly chart have been improving lately and support a bullish outlook as negative readings in the MACD’s histogram have been slowing down.
As long as the price stays above the 21-week EMA, this bullish outlook for XRP is still in play. So, is it possible that XRP could reach $10 this year? The odds favor a smaller boost toward the $7 level but, even if it doesn’t get to $10, this still means a 227% gain based on today’s prices.
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