What are XRP’s Odds of Hitting $8.50?
XRP has officially broken out of a six-month symmetrical triangle, a technical formation that historically precedes major price moves.
According to market analyst CryptoRat33, the current setup is strikingly similar to XRP’s 2017 rally, an observation that’s drawing significant attention in the crypto community.
“XRP just broke out of a 6-month triangle exactly like 2017,” CryptoRat33 stated in a recent X post. “Same pattern, same RSI sequence, same setup. 2017 gave us 20x to $3.33. 2025 targeting $8.50 by EOY.”
The symmetrical triangle pattern is typically seen as a continuation signal, especially when accompanied by increasing volume, as is currently the case with XRP.
The asset’s Relative Strength Index (RSI), a key momentum indicator, has also mirrored its 2017 trajectory—signaling growing bullish momentum and investor confidence.
In 2017, XRP surged from under $0.20 to $3.33 within a few weeks after breaking out of a nearly identical technical formation. This explosive move was largely driven by speculative demand, early exchange listings, and Ripple’s expanding partnerships.
In 2025, however, the fundamentals appear stronger. For instance, XRP is seeing increased real-world utility through the XRPL’s growing adoption, including a 2,260% surge in tokenized real-world assets (RWAs) this year alone.
If XRP replicates even a fraction of its 2017 run, the projected $8.50 price target by the end of 2025 is within reach.
As technical and on-chain signals align, traders and long-term holders alike are keeping a close eye on XRP’s next move as the 3rd-largest cryptocurrency by market cap continues to hold strong above the 50-day EMA.
At the time of this writing, XRP was trading at $3.24, according to CoinGecko data.
Whale Selling Pressure Eases
According to on-chain data from CryptoQuant, XRP is witnessing a dramatic shift in whale behavior. Between July 11 and July 28, whale-to-exchange flows plunged from 43,575 XRP to just 2,965 XRP, a staggering 93.2% drop.
This sharp decline in selling activity signals a potential turning point for the token, suggesting whales are retreating from offloading positions and may be entering an accumulation phase.
Notably, a major bullish signal for XRP is the sharp drop in whale-to-exchange flows, a key indicator of reduced selling pressure from large holders.
Whale-to-exchange flows refer to large XRP transfers from high-net-worth wallets to centralized exchanges, typically a bearish signal as it implies intent to sell.
The recent drop indicates these major players are no longer eager to liquidate their holdings at current prices, hinting at increasing confidence in XRP’s long-term prospects. This aligns with the fact that whales recently scooped 280 million XRP in a span of 10 days.
The significant reduction in whale selling pressure is particularly important in this context. With fewer large sell-offs, supply-side pressure on price eases, allowing organic market demand to play a larger role in price discovery. It also signals that whales may be positioning themselves for potential upside, either by holding or accumulating more XRP off-exchange.
Conclusion
XRP may be entering a pivotal phase of accumulation as whale-to-exchange flows plummet.
This steep drop in exchange-bound XRP suggests a significant shift in behavior among large holders. Instead of offloading assets, whales appear to be holding or reallocating XRP into long-term storage.
Furthermore, XRP's breakout from a multi-month triangle mirrors the conditions that fueled its 2017 parabolic rise. With aligned technical signals and rising ecosystem fundamentals, the stage may be set for a powerful year-end rally, potentially driving XRP toward the long-awaited $8.50 mark.
