XRP has posted a gain of more than 60% over the past month, driven by significant whale accumulation, increased activity on the XRP Ledger, and bullish technical indicators. The token is currently trading near $1.50 after a slight dip of over 2% attributed to profit-taking. Market participants are closely watching the $1.60 level, which analysts see as the next critical resistance that could pave the way toward $2.
Veteran trader Peter Brandt recently shared a chart showing a long-term target of $5.40 for XRP, representing a potential upside of about 260% from current prices. Brandt did not provide a specific timeline for this projection but emphasized that posting a chart does not constitute a trade recommendation. His analysis relies on historical chart patterns and market cycles.
Analyst Targets and Institutional Outlook
Standard Chartered has maintained an even more ambitious long-term forecast, reiterating a $28 price target for XRP by 2030. However, the bank revised its 2026 forecast downward from $8 to $2.80. Institutional interest continues to grow around XRP Ledger applications such as payments, liquidity, tokenization, stablecoins, and decentralized finance.
Near-term technical analysts, including Ali Martinez, have identified $2 as a possible next target if XRP breaks above $1.60. Martinez also pointed to an inverse head-and-shoulders formation on the daily chart, which places a clear technical threshold between XRP’s current price and the next projected level.
Whale Activity Accelerates
Large XRP holders have been accumulating aggressively during the rally. On-chain data shows that wallets holding between 1 million and 10 million XRP added more than 470 million tokens within five days, worth approximately $724 million. Their combined holdings rose from nearly 12.37 billion to 12.80 billion XRP.
Earlier in the rally, about 1.54 billion XRP moved into large wallets over a 96-hour period, signaling strong conviction among whales. This accumulation comes as traders watch whether XRP can clear the $1.60 resistance level.
XRP Ledger Activity and Stablecoin Growth
Account activity on the XRP Ledger has also increased. New accounts rose 34% to about 3,200 last week, while active accounts stood at 17,800. While wallet accumulation and account growth indicate broader participation, they measure different aspects of network health.
Decentralized exchanges on XRPL processed about $4.38 million in trading volume over a recent 24-hour period, with the network recording 40,326 active addresses. Application fees totaled $130,926, far exceeding the base-layer chain revenue of $49,494.
Stablecoin capitalization on the XRP Ledger has reached nearly $1.191 billion, with RLUSD identified as the native stablecoin. In comparison, total value locked in XRPL DeFi protocols is about $44.63 million, and real-world assets under management stand at $20.88 million. The stablecoin market is now more than 26 times larger than DeFi TVL, highlighting a growing use case for the ledger.
The recent profit-taking was partly linked to geopolitical developments, including US President Donald Trump’s rejection of Iran’s proposal to reopen the Strait of Hormuz. Trump expects talks with Iran to resume this week, adding an element of uncertainty to broader markets.
As XRP’s monthly rally surpasses 60%, traders remain focused on the $1.60 level for the next directional move, while longer-term forecasts range from Brandt’s $5.40 target to Standard Chartered’s $28 projection for 2030.
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