- XRP broke above $1.50 after 100 days of consolidation
- Whale wallets now hold the most XRP since 2018
- Analysts target $1.60 and potentially $1.80 next
XRP is showing renewed bullish momentum after spending nearly 100 days in a prolonged accumulation phase. Analysts say the recent breakout above the key $1.50 resistance level may signal the start of a larger trend reversal.
At press time, XRP traded near $1.50 after gaining more than 7% this week. The move followed positive developments around the CLARITY Act, which advanced through the Senate Banking Committee with bipartisan support.
According to market analyst Celal Kucuker, XRP’s chart structure now resembles a compressed breakout setup after months of sideways trading. The asset had remained trapped between the $1.30 and $1.50 range for much of 2026 before buyers regained momentum.
XRP Whale Accumulation Reaches Highest Level Since 2018
On-chain data from Santiment added further support to the bullish XRP narrative. Wallets holding at least 10 million XRP now control 45.83 billion tokens, representing nearly 68.5% of the circulating supply.
That marks the highest whale-held XRP balance recorded since May 2018. Large holders continued accumulating even while XRP struggled below major resistance zones throughout recent months.
From my coverage of previous XRP cycles, whale positioning often increases before major volatility events. Traders closely monitor these wallets because concentrated accumulation historically preceded large breakout rallies.
The current technical structure also remains constructive. XRP recently reclaimed the important $1.50 to $1.57 supply zone that repeatedly rejected rallies earlier this year.
XRP Price Targets Shift Higher After Regulatory Progress
The Senate Banking Committee’s approval of the CLARITY Act improved broader crypto market sentiment. Investors increasingly expect clearer digital asset regulations in the United States, a development that directly affects XRP given Ripple’s long-standing regulatory history.
Technically, analysts now identify the next XRP resistance zone near $1.60. A sustained breakout above that level could open the path toward the $1.80 region.
Support currently sits near $1.47, while deeper support is closer to $1.30 if volatility increases. Broader crypto strength also supported the move, with Bitcoin climbing back above $81,000 after the Senate vote.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
