Market veteran Michaël van de Poppe has shared a confident prediction about XRP’s next major move, stating that the asset is ready to challenge its all-time high (ATH) after gaining 50% from his entry point of $1.75. This comes as XRP breaks out of consolidation and pushes above key technical levels, signaling strong bullish momentum.

XRP Price Climbs 10% in a Week

Between May 6 and May 12, 2025, XRP rose from approximately $2.09 to over $2.40, marking a 10% increase within a week. This steady climb has reignited optimism among traders, many of whom now believe the asset is entering a sustained bullish phase.

According to higher timeframe analysis, XRP has exited its previous consolidation range and is now building the momentum needed to test historical resistance. Michaël van de Poppe, a well-followed crypto strategist, pointed out that XRP’s structure is now aligning with a classic continuation pattern—setting the stage for further upside.

Technical Breakout From Key Accumulation Zone

Van de Poppe highlighted a major accumulation block between $1.5764 and $1.8185, which formed after XRP’s rapid surge from below $0.50 in late 2024 to nearly $3.50 in early 2025. Following that explosive rally, the asset corrected and moved within a triangle pattern, marked by lower highs and higher lows.

The $1.75 level served as his entry point, and since then, XRP has rallied approximately 50%, establishing a strong base. Van de Poppe believes this breakout confirms the bullish thesis and places XRP within reach of its ATH of $3.40. Currently, XRP trades around 41.67% below that peak.

Support Levels to Watch Closely

Other analysts have identified important levels to maintain the bullish structure. Egrag Crypto notes that XRP should not close below $1.83, while XForceGlobal remains optimistic as long as the price stays above $1.60, the low registered on April 7.

These levels now act as support zones that could define XRP’s short-term success or failure in reclaiming its previous highs.

Beyond technicals, on-chain data reinforces the growing confidence in XRP. Between early April and May 8, wallets holding 10 million to 100 million XRP increased their holdings by over 880 million XRP, bringing their combined total to nearly 7.7 billion XRP.

This significant accumulation occurred during a period of price consolidation, implying that large investors were quietly building positions in anticipation of a breakout.

Related article: Investing in XRP in 2025: Potential and Pitfalls

Whale Bets $12M on XRP Long

Adding to the bullish narrative, blockchain tracker Lookonchain reported that a whale recently opened a $12 million long position on XRP, shortly after securing $10 million in profits from Ethereum’s May rally.

At the time of reporting, the whale had already earned over $260,000 in unrealised gains from the XRP trade, underscoring market-wide confidence in the asset’s near-term trajectory.

With bullish chart patterns, strategic analyst entries, and vigorous whale activity, XRP appears poised to challenge its all-time high in the coming weeks. As long as support levels hold, momentum may continue to build, setting the stage for a historic move in XRP’s market resurgence.