- One crypto analyst revealed that whales scooped 30 million XRP as the asset’s price dipped.
- Another forecasted an incoming rally that could propel the token’s value to $9.6 or $33.
The 24-hour cryptocurrency liquidations eased from Monday’s $1.7 billion to Tuesday’s $350 million based on Coinglass data. Meanwhile, crypto market sentiment dialed to the “Fear” level during the weekend and is still at 43 at Alternative’s Crypto Fear & Greed Index.
Along the way, XRP stagnated between a $2.81 low and a $2.88 high. Amid the disappointing news following the foiled arrival of the anticipated altseason, two popular technical analysts urged people to keep their eyes on the prize.
Whale Activity Heating Up
While most were distracted by the massive liquidations in the opening of the regular work week, Ali Martinez, a widely followed crypto analyst and trader on X, revealed that whales accumulated 30 million XRP as of Tuesday midnight (UTC).
The trend indicates that high net worth individuals or institutional investors look at the situation as the dip before the rip. The low prices offer them an enticing entry point to an asset with a high potential of rebounding significantly in the foreseeable future.
XRP Price Actions Based on Previous Cycles
Egrag Crypto, another renowned member of the crypto community, presented a reassuring scenario for XRP investors. According to him, the crypto asset can reach $9.60 or up to $33 if it emulates previous bull cycles.
The analyst noted that XRP retested the 21 EMA (Exponential Moving Average) on June 9, 2025, and it could be the starting point for its measured move to the targets mentioned.
Recalling the 2017 cycle, Egrag claimed that XRP displayed resiliency when it touched the 21 EMA twice before rebounding by a whopping 1,610%. The event led to the token’s all-time high of $3.84 in January 2018. The present cycle copying this pattern could lead to the asset’s price peaking at $33.
On the other hand, the 2021 cycle came in stark contrast to the 2017 rally as the XRP ecosystem faced major challenges, including the US Securities and Exchange Commission’s (SEC) lawsuit against Ripple. The black swan event crashed the token’s price, as it broke below the 21 EMA. However, its eventual close above the zone after a successful retest boosted its gain by 414%. Applying that to the current cycle could mean XRP pumping up to $9.60 per unit.
Despite his optimistic projection, Egrag warned that investors should still conduct supplemental research.
Final Thoughts
The insights from the two popular crypto personalities are a breath of fresh air amid the FUD (Fear, Uncertainty, Doubt) gripping the XRP ecosystem. But then again, readers should remember that they only anchored their predictions on limited factors, which could be overwhelmed by macro events capable of considerably shifting market sentiment—including but not limited to geopolitical issues, regulatory developments, and institutional adoption. Hence, investors and traders must tread with caution when integrating these into their strategies.
Disclaimer: The facts compiled within this article are only for informational purposes. They do not serve as financial advice or product recommendations from the author or the Blockzeit team. Readers should not base their trades or investment decisions solely on this limited data.
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