- A major whale deposited $5.84 million into HyperLiquid, betting on a bullish XRP rally, signaling growing investor confidence.
- XRP’s price chart shows a bullish triangle, with breakout targets around $4.40, further confirmed by technical indicators like Fibonacci retracement levels.
- Veteran XRP investor Cobb predicts a breakout year for XRP in 2025, with a conservative price target of $11.34 based on current momentum and macro trends.
XRP is gaining serious traction as market indicators, whale activity, and bullish technical formations converge, signaling what could be the digital asset’s most significant rally in years. After months of consolidation, the stage is set for a potentially parabolic breakout, with XRP showing increasing strength on both on-chain and macro levels.
On May 11, blockchain data revealed that a major crypto whale made a bold move by depositing $5.84 million in USDC into the decentralized derivatives platform HyperLiquid to open a 2x leveraged long position on XRP. The whale, operating from address `0x175e70…577b4`, is not new to the spotlight. Previously, this same entity opened a similar position on Ethereum (ETH), now sitting on over $10 million in floating profits.
8 hours ago, a whale deposited $5.84M $USDC into #HyperLiquid to place a long position on $XRP with 2x leverage.
— Onchain Lens (@OnchainLens) May 12, 2025
The whale previously opened a long position on $ETH with 2x leverage, resulting in a floating profit of $10M+.
Address: 0x175e7023e8dc93d0c044852685ac33e856b577b4… https://t.co/tIyIzgQArc pic.twitter.com/FnpidzM4NC
This calculated and high-conviction trade is fueling speculation that XRP may be on the verge of a breakout, especially given the whale’s successful trading history. Analysts often consider whale movements as leading indicators of smart money sentiment, and this bet reinforces growing confidence in XRP’s bullish trajectory.
XRP Bullish Triangle Signals Breakout to $4.40
Renowned crypto analyst Lark Davis recently highlighted a bullish triangle pattern forming on XRP’s price chart, indicating the potential for a major upward move. According to Davis, the breakout target lies around $4.40, which aligns perfectly with Fibonacci retracement levels calculated between XRP’s January high and its April low. This technical confluence is further energizing investor sentiment.
When XRP breaks out of this triangle it is going to make a massive move!
— Lark Davis (@TheCryptoLark) May 12, 2025
Upside target is around $4.40 based on the triangle. Which lines up with the Fibonacci using the Jan high and the April low.
Trade it now on BITUNIX TRADE NO KYC – $10 FREE, 20% Deposit Bonus &… pic.twitter.com/SEXi7cQdI6
Adding to the technical case, analyst Michaël van de Poppe pointed out that XRP has already rallied 50% after bouncing off a strong support level at $1.75. He considers this price zone a key reaccumulation point and advises investors to monitor higher timeframes for continued momentum. “When things go vertical, that’s when you zoom out,” van de Poppe noted, suggesting that XRP could soon retest its all-time highs (ATHs).
When things go absolutely vertical, that's the moment where you want to zoom out and get higher timeframe entry points.
— Michaël van de Poppe (@CryptoMichNL) May 11, 2025
The same applied for $XRP.
Marked the level around $1.75 as an important one for entries and it's up 50% since.
I assume we'll attack the ATHs soon. pic.twitter.com/WbUgd8H2vi
XRP Set for Major Breakout with $11.34 Target
Beyond price action, XRP’s long-term fundamentals are also strengthening. Veteran XRP investor and market analyst Cobb, who has held the token since 2017, believes the recent 27-week consolidation phase is a precursor to a major breakout, not a retracement. Cobb dismissed recent fear, uncertainty, and doubt (FUD) surrounding tariffs and regulatory challenges, instead pointing to a broader macro shift favoring coin.
XRP didn't come all this way, build a perfect previous high back test 27 week consolidation structure just to go back down to $0.60, would have happened by now with tariff fud if that was the case.
— Cobb (@Cobb_XRPL) May 12, 2025
Regulations are finally here, FDIC + many other regulators giving the green light… pic.twitter.com/1e2erLNzn4
He believes 2025 could mark a breakout year for XRP, fueled by several bullish factors. A potentially pro-crypto Trump administration may create a more supportive regulatory environment, while increased clarity from institutions like the FDIC could boost investor confidence. At the same time, Ripple’s aggressive global expansion, highlighted by rumored partnerships with companies like Circle and growing adoption of the XRP Ledger, positions the cryptocurrency for significant growth.
Cobb has set a conservative price target of $11.34 for XRP by the end of 2025, calling it the “bare minimum” based on current momentum. However, he also acknowledges that the token could exceed this mark depending on how market conditions evolve.
The long-term bullish outlook for the coin is supported by the ecosystem’s rapid growth, including the launch of Ripple’s stablecoin RLUSD, the rise of on-chain AMMs on the XRP Ledger, a surge in TVL across meme coins and DeFi protocols, and real-world integrations that strengthen the coin’s role in cross-border payments and enterprise finance.
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