What's Coming for Ripple's Price Amid Whale Activity

XRP is currently trading at about $2.41, reflecting a slight uptick over the last 24 hours. As the price oscillates within a specific range, recent indicators from various market analysts suggest a possible direction change; yet, a correction seems more probable at this time.

Technical Analysis Points Towards Potential Gains

XRP is maintaining its position within an ascending trend that has been active since late 2024. ChartNerd mentions that the asset is testing the support level near $2.40. According to weekly data, the MACD histogram shows a consistent pattern of higher lows, even as the price remains stable—indicative of potential momentum growth.

"$XRP is showing signs of a bullish reversal on the horizon. Channel support awaits below, with HLs on the weekly MACD, and SRSI levels in oversold territory. $5 is the first move of many on the next impulse."
— ChartNerd (October 23, 2025)

The Stochastic RSI has hit the oversold territory at a level of 6.24. Previous occurrences of similar setups have led to upward trends, although confirmation is required. ChartNerd estimates that the initial upside target could be around $5, aligning with the upper limit of the channel.

Short-Term Market Sentiment

Despite encouraging long-term indicators, current short-term trends depict ongoing weakness. Analyst Ali Martinez expressed a more bearish outlook, highlighting that XRP has fallen below critical support at $2.60. This latest configuration has resulted in lower highs and lows, suggesting a possible drop to the $2.00 support level.

"$XRP continues to slide. Next key target sits at $2," said Ali.

Unless XRP manages to regain the $2.60 mark, the short-term dynamic appears to be leaning towards bearish behavior.

Image Source: Ali Martinez/X

Furthermore, traders are closely monitoring two significant price zones. CryptoWZRD pointed out that $2.30 serves as a potential support point that might draw buyers back if revisited. A breakout above $2.55 could signal a more vigorous recovery.

Despite these fluctuations, XRP’s price has stayed within the range of $2.33 and $2.44, which many analysts describe as an accumulation zone ahead of potential economic catalysts.

Recently, the Ripple-backed company Evernorth has announced intentions to merge and list on Nasdaq, focusing its operations around XRP, enhancing long-term interest in the asset.