Why is XRP Price Rising Today? Ripple is Nearly $3 Thanks to a Whale
Why is XRP rising today? Ripple has risen to almost $3 as a result of a major investor's actions
Intraday volatility increased by 14%, and trading volume exceeded 375 million. Experts expect the level to expand to $3.40.
Shaurya Malwa, CD Analytics Updated July 12, 2025 6:33 AM Published July 12, 2025 6:32 AM
Key information:
- XRP rose 8% to $2.78, peaking at $2.96 before correcting slightly.
- A $14.03 million leveraged long position in Hyperliquid indicates activity from large investors.
- Analysts believe that the next resistance level will be the $2.90-$3.40 range with potential for further gains.
Key information:
- XRP increased 8% from $2.58 to $2.78 between 06:00 July 11 and 05:00 July 12, reaching an intraday high of $2.96 at 15:00 before pulling back.
- The afternoon saw significant trading volume, with over 375 million from 1:00 PM to 3:00 PM, with buyers consistently defending the $2.70-$2.75 level.
- A long-term leveraged position of $14.03 million was opened in Hyperliquid at $2.30, indicating an aggressive strategy by large investors.
- Experts now see $2.90-$3.40 as the next resistance level, citing the bullish structure and investment inflows.
- News background
In recent sessions, large investors have increased their positions, notably with $14 million invested in derivatives platform Hyperliquid. - The trade coincided with a breakout of an ascending triangle structure and increased confidence among technical analysts that a sharp rally to $3.40 and beyond could follow once the $2.90 level is broken.
- This comes as the entire Ripple ecosystem, including the dynamics of the RLUSD stablecoin and the integration of cross-border settlements, continues to attract institutional interest.
Price Movement Review
