Important takeouts:
XRP’s strongest spot premium phase suggests not only speculative futures trading, but actual purchase demand.
Even during the recent price pullback, the number of XRP addresses holding ≥10,000 tokens has steadily risen.
Falling wedge patterns indicate a possible breakout from $3-$3.78.
XRP (XRP) has experienced the most powerful stages of Spot Premium in its history. This is the period when spot markets are trading at a consistently stronger level compared to the lasting future.
XRP’s 350% meetings are supported by actual demand
Since 2020, most major XRP prices peaks occurred when the permanent futures market was leading, noted market analyst Dom in a May 2 post.
XRP futures prices were higher than the spot, showing excessive speculation, and prices fell sharply.
As of 2025, Spot Premium suggests that demand from real XRP buyers is driving the rally, referring to a more stable price increase compared to past runs with leveraged bets.
To further strengthen the actual demand case, GlassNode data shows a consistent increase in the number of XRP addresses holding at least 10,000 XRP (green waves in the chart below) since late November 2024.
The XRP price has since risen by about 350%.
XRP’s whale count rose even during the 35% price pullback between January and April. It suggests that large holders, often considered more patients or strategic investors, are steadily accumulating in anticipation of further benefits.
Optimism was promoted by improving the odds of approval for Spot XRP ETFs in the US. The US Securities and Exchange Commission’s decision to withdraw the lawsuit against Ripple further boosted the market’s advantages.
Related: SEC punt decisions for XRP and Doge ETF
Falling Wedges hint at 70% XRP Price Rally
XRP is integrated within the falling wedge pattern of the weekly chart. This is a structure defined by a downward slope, a convergent trend line. Technical analysis generally considers this pattern as a bullish inversion signal.
A confirmed breakout requires clear movement above the wedge’s top resistance, close to $2.52.
If XRP breaks this level, the measured movement of the pattern (calculated from the maximum wedge height) suggests a potential gathering for $3.78 by June. This represents an estimated 70% upside from current prices.
Conversely, if the XRP does not break beyond the $2.52 resistance, the price could be pulled back towards the lower trend line of the wedge. The vertex of a pattern that is nearly $1.81 may serve as a final potential breakout point.
A breakout from the $1.81 level will keep the pattern structure intact and maintain a potential upside target of around $3 by June or July. This is about 35% above the current level.
This article does not include investment advice or recommendations. All investment and trading movements include risk and readers must do their own research when making decisions.
