{"id":93771,"date":"2025-09-04T14:12:07","date_gmt":"2025-09-04T14:12:07","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=93771"},"modified":"2025-09-04T14:12:07","modified_gmt":"2025-09-04T14:12:07","slug":"ripple-xrp-slips-5-weekly-but-analysts-see-potential-for-a-new-ath","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=93771","title":{"rendered":"Ripple (XRP) Slips 5% Weekly But Analysts See Potential for a New ATH"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Some analysts believe XRP can soon climb to uncharted territory with the recent whale accumulation supporting the bullish case.<\/span>
\nHowever, XRP exchange balances continue to rise, signaling possible sell pressure.<\/p>\n

<\/a><\/span><\/h2>\n

Is It Time for the Bears to Step Back?<\/h2>\n

Ripple\u2019s cross-border token has retraced by over 5% in the last seven days, currently trading at around $2.85 (per CoinGecko\u2019s data). Moreover, this valuation represents a solid 22% decline compared to the all-time high of around $3.65 registered in mid-July.<\/span><\/p>\n

Despite the downtrend, multiple market observers remain optimistic on XRP. Crypto Tony (who has over 540,000 followers on X) <\/span>claimed<\/span><\/a> the bulls might get \u201cback in play\u201d if the token closes the week above $2.90.\u00a0<\/span><\/p>\n

The analyst with the moniker Hardy <\/span>suggested<\/span><\/a> XRP \u201clooks primed for a move.\u201d They touched upon the asset\u2019s performance since July to predict a breakout to the upside of this falling pattern.<\/span><\/p>\n

Shibo and FOUR | Crypto Spaces also chipped in. The former <\/span>expects<\/span><\/a> a \u201cgreat storm\u201d this year that will make XRP experience a \u201cparabolic\u201d rally. The latter <\/span>claimed<\/span><\/a> the asset\u2019s price action \u201cconfirms a healthy, impulsive move, targeting potential resistance level at $5.06.\u201d\u00a0<\/span><\/p>\n

CRYPTOWZRD gave their take, too, recently, outlining<\/a> similarities between XRP\u2019s recent consolidation and the one observed in 2017, which was followed by a massive bull run:<\/span><\/p>\n

\u201cXRP is following the 2017 Bull Run Structure<\/span>.. after<\/span> this consolidation <\/span>phase<\/span> we will see a parabolic rally to $4.50 and higher.<\/span> Patience Pays.\u201d<\/span><\/p>\n

Examining These Factors<\/span><\/h2>\n

Towards the end of last month, the popular X user Ali Martinez <\/span>revealed<\/span><\/a> that large investors (known as whales) have shown renewed interest in XRP, purchasing 340 million tokens (worth just below $1 billion) in the span of two weeks.\u00a0<\/span><\/p>\n

Accumulations of that type are considered bullish for the price since they reduce the amount of coins on the open market. <\/span>They may also encourage smaller players to <\/span>hop on<\/span> the <\/span>bandwagon<\/span>.<\/span><\/p>\n

Shortly after, Martinez weighed in again, <\/span>presenting<\/span><\/a> a possible path for XRP for the near future. In his view, the three stages include defending $2.70, breaking above $2.90, and then targeting a new peak of $3.70.<\/span><\/p>\n

It is important to note that some indicators signal a bearish perspective, and the increasing amount of XRP tokens stored on leading crypto exchanges is among the examples. The stash held on Binance, for instance, has surged to a new all-time high of over 3.55 billion coins. The switch from self-custody toward centralized exchanges <\/span>is often viewed<\/span> as a pre-sale step, which could spell trouble for the bulls.<\/span><\/p>\n

<\/a>XRP Reserves on Binance, Source: CryptoQuant<\/p>\n

The post Ripple (XRP) Slips 5% Weekly But Analysts See Potential for a New ATH<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Some analysts believe XRP can soon climb to uncharted territory with the recent whale accumulation supporting the bullish case. However, XRP exchange balances continue to rise, signaling possible sell pressure. Is It Time for the Bears to Step Back? Ripple\u2019s cross-border token has retraced by over 5% in the last seven days, currently trading […]<\/p>\n","protected":false},"author":0,"featured_media":93772,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-93771","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/93771"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=93771"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/93771\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/93772"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=93771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=93771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=93771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}