XRP Price Prediction: Elliott Wave Setup Eyes Explosive Run to $1.47 as Whales Scoop Up 71 Million Coins

CoinpaperMay 212 min readSingle source

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5-point summary · 1 min

From a price structure perspective, XRP’s immediate support sits between $1.31 and $1.36, a zone that has repeatedly absorbed selling pressure in recent pullbacks.
On the upside, resistance is clearly mapped at $1.47, followed by $1.88 and $3.56, each level representing progressively stronger confirmations of trend continuation if reclaimed.
Currently, XRP is hovering around $1.36 per CoinCodex data, effectively sitting on its key short-term support band and underscoring a tightly balanced market.
XRP Whales Go on a Buying Spree Taking on X, formerly Twitter, renowned crypto analyst Ali Martinez acknowledges that whales have accumulated over 71 million XRP in the past week, signaling steady absorption during a period of muted volatility.
Adding another dimension, CME Group’s XRP futures market recorded a significant surge in activity, with notional volume reaching $62.87 billion over the past year.

$1.47$1.31$1.36$1.88$3.56$62.87 billion

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Will XRP's Much-Needed Breakout See the Light of Day? XRP is approaching a decisive technical inflection point as price compression, whale accumulation, and rising derivatives activity begin to align. According to analyst Dark Defender, the 2-week chart remains within a broader Elliott Wave structure, suggesting the underlying bullish framework is still intact despite the present price stagnation. He notes that XRP is now trading within a narrowing support–resistance apex, a setup that typically precedes a sharper directional move once compression hits the exit door. His outlook points to a potential expansion phase developing toward the end of May as volatility builds. From a price structure perspective, XRP’s immediate support sits between $1.31 and $1.36, a zone that has repeatedly absorbed selling pressure in recent pullbacks. On the upside, resistance is clearly mapped at $1.47, followed by $1.88 and $3.56, each level representing progressively stronger confirmations of trend continuation if reclaimed. Currently, XRP is hovering around $1.36 per CoinCodex data, effectively sitting on its key short-term support band and underscoring a tightly balanced market. XRP Whales Go on a Buying Spree Taking on X, formerly Twitter, renowned crypto analyst Ali Martinez acknowledges that whales have accumulated over 71 million XRP in the past week, signaling steady absorption during a period of muted volatility. Interestingly, this type of accumulation is often associated with strategic positioning rather than short-term speculation, particularly when retail participation appears cautious. Consequently, XRP continues to form a wedge-like structure, with price gradually tightening while exchange outflows suggest coins are being moved into private custody rather than returned to circulation. What should be closely watched? Well, the divergence between price stagnation and wallet behavior should be given a keen eye since it can be a potential early signal of supply tightening. Historically, sustained exchange outflows combined with technical compression have preceded periods of elevated volatility. Adding another dimension, CME Group’s XRP futures market recorded a significant surge in activity, with notional volume reaching $62.87 billion over the past year. Therefore, these metrics reflect deeper institutional participation and expanding liquidity in regulated derivatives, signaling rising engagement from larger market participants, even if it does not directly translate to spot demand. Overall, XRP is positioned at the intersection of tightening technical structure, sustained whale accumulation, and accelerating institutional derivatives activity. The next major move will likely depend on whether this buildup resolves into a breakout toward higher resistance or extends the current consolidation phase.

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Bitcoin stabilizes near $63,000, but reclaiming $64,000 is the real test Bitcoin is stabilizing near $63,100 after buyers defended the lower part of its recent range. That is constructive, but it is not yet a confirmed recovery. BTC must first overcome resistance near $63,175-$63,270, while reclaiming and holding $64,000-$64,095 remains the more important test. Key takeaways for Bitcoin traders and investors Current position: BTC is holding above the previous month’s lower value boundary near $62,380. Immediate resistance: Buyers need to clear $63,130-$63,175, followed by $63,247-$63,270. Main recovery test: A sustained reclaim of $64,000-$64,095 would carry much more weight than a temporary bounce near $63,000. Major support: The broader $62,380-$62,535 region remains the most important defended zone. Bullish confirmation: Repeated closes, consolidation or a successful retest above $64,095 would show that Bitcoin is beginning to establish higher accepted value. Data note: The latest daily, four-hour and one-hour candles were incomplete when this analysis was prepared. Exchange-specific Bitcoin prices may also differ slightly. I'm also closely monitoring the digital asset space after , putting immediate pressure on lower order-flow shelves as bulls fight to defend structural trendlines. Regulatory headwinds also resurfaced as the , injecting fresh institutional hesitation into active trading books. Meanwhile, broader risk sentiment showed divergence across asset classes as , underscoring rotational breadth away from mega-cap tech into small-cap momentum. Macro headwinds and geopolitical posturing remain front and center following headline chatter that , all while monetary policy uncertainty lingers after amidst baseline model variances. Why Bitcoin’s stabilization is constructive but incomplete Bitcoin recently fell to approximately $62,535, where the decline attracted meaningful buying. Price subsequently recovered toward $63,100, strengthening the case that buyers are willing to defend the lower part of the previous month’s trading range. What stands out to me, however, is how little upward progress followed that buying. Several periods showed positive buying pressure, but BTC remained concentrated around $63,050 and repeatedly struggled to extend beyond $63,150-$63,175. In simple terms, buyers have shown that they can slow the decline, but they have not yet shown that they can move Bitcoin into a clearly higher trading range. This is the difference between stabilization and recovery: Stabilization means sellers are no longer pushing price lower with the same ease. Recovery means buyers are lifting price, holding above resistance and shifting the market’s most active trading area higher. Bitcoin has shown the first condition. The second still needs confirmation. Why $62,380 and $64,095 matter The previous month’s value area provides a useful map of where most Bitcoin trading took place: Value Area Low near $62,380: The lower boundary of the previous month’s heavily traded range. Point of Control near $64,095: The price that attracted the most trading activity during the month. Value Area High near $65,050: The upper boundary of the previous month’s accepted range. BTC is currently about $720 above the monthly Value Area Low, but almost $1,000 below the monthly Point of Control. Holding above $62,380 tells us that demand inside the previous month’s range has not completely failed. Remaining below $64,095 tells us that buyers have not regained control of the broader value structure. This is also why $64,095 may be more important than $64,000 itself. The round number attracts attention, but $64,095 represents the previous month’s busiest price area. A brief move above $64,000 could still become another failed breakout. 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Buyers would then need to clear and hold above $63,247-$63,270. That would improve the probability of a move toward $63,350 and, eventually, the much larger $64,000-$64,095 test. A more convincing recovery would include: Bitcoin reclaiming $64,000. Price moving above the monthly point of control near $64,095. A pullback successfully defending the reclaimed area. Trading activity beginning to concentrate above $64,095 rather than immediately slipping back below it. If that sequence develops, approximately $65,050 becomes the next major value-area objective. What this means: Acceptance is more than touching a level. It means price spends time above it, survives pullbacks and begins treating the higher area as support. What would weaken the stabilization attempt? Failure to hold $62,920-$62,800 would weaken the current short-term base and increase the probability of another test of $62,535. The more serious bearish development would be sustained trade below $62,380. That would place BTC outside the previous month’s accepted value area and suggest that the market may need to search for demand at lower prices. Traders should still distinguish between a brief move below $62,380 and genuine acceptance beneath it. Crypto markets can produce fast stop-runs through visible support before reversing. Repeated closes or continued trading below the level would carry more bearish significance than a momentary sweep. What Bitcoin traders may consider watching Different traders may use these levels in different ways, at their own discretion: Short-term breakout confirmation: Watch whether BTC can break above $63,175 and successfully retest it, with $63,247-$63,270 providing the next validation area. Support-zone reaction: If BTC returns to $62,380-$62,535, watch whether buyers defend it again or whether selling begins to hold below the zone. 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This analysis presents conditional market scenarios and opinions (not promises) at investingLive.com, not a guarantee of future performance. Traders should consider volatility, position size and their own risk limits before acting. This article was written by Itai Levitan at investinglive.com.

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