XRP Price Prediction: Can Bulls Break $1.20 as Whale Accumulation and Spot Buying Drive Momentum?

XRP: Can Bulls Break Above $1.20 as Whales Accumulate and Volume Surges?

XRP is showing renewed bullish momentum after climbing above $1.10, supported by improving sentiment across the cryptocurrency market as Bitcoin reclaimed the $65,000 level. The token has gained nearly 4% over the past 24 hours, with rising trading volume and continued whale accumulation fueling optimism. However, XRP still faces a significant technical hurdle at $1.20, a resistance level that has repeatedly capped recent rallies.

While the latest recovery has strengthened the short-term outlook, analysts believe a decisive breakout above $1.20 is needed to confirm a broader bullish trend. Until then, traders remain focused on whether buyers can sustain momentum amid weakening network activity.

XRP Rebounds Above $1.10

After several sessions of consolidation, XRP has regained ground and is now trading comfortably above the $1.10 support level.

The broader recovery in the crypto market, led by Bitcoin's move back above $65,000, has helped improve investor confidence and encouraged buyers to return to large-cap altcoins.

Despite the recent gains, XRP remains below one of its most important technical barriers. The $1.20 resistance has repeatedly rejected bullish advances in recent weeks, making it the key level to watch for traders seeking confirmation of a stronger uptrend.

A successful breakout above this area would signal that buyers are regaining control and could pave the way for a sustained rally.

$1.20 Remains the Critical Resistance

From a technical perspective, the price structure continues to improve, but confirmation is still required.

A sustained move above $1.20 would likely shift market sentiment further in favor of the bulls and expose the next resistance zone between $1.24 and $1.28.

If buying pressure remains strong enough to push XRP above $1.29, analysts believe the broader bullish trend would become significantly stronger, potentially opening the door to a larger upside expansion.

Until then, the market remains in a transitional phase where bulls must prove they can overcome persistent selling pressure.

Funding Rates Collapse Despite Rising Price

One of the more notable developments during XRP's latest rally has been the behavior of derivatives markets.

Funding rates reportedly fell by approximately 240% in just one day, even as XRP advanced above $1.13.

Normally, rapidly rising prices are accompanied by increasing funding rates as leveraged long positions accumulate. This time, however, the opposite occurred.

The divergence suggests the current rally is being driven more by spot market buying rather than excessive leverage.

At the same time, 24-hour trading volume increased by roughly 64%, reinforcing the view that genuine buying interest is supporting the move.

For many traders, rallies fueled by spot demand are considered healthier and potentially more sustainable than those driven primarily by leveraged speculation.

Whale Accumulation Continues

Large XRP holders have continued adding to their positions throughout the recent recovery.

According to available on-chain data, whales accumulated approximately 70 million XRP during the latest rally.

Large-scale accumulation often reflects growing confidence among long-term investors and institutional participants.

However, despite this continued buying activity, XRP has so far been unable to break above $1.20, indicating that selling pressure remains substantial around current levels.

The continued standoff between buyers and sellers makes the next breakout attempt particularly important.

Network Activity Paints a More Cautious Picture

While price action has improved, blockchain activity remains relatively weak.

Active XRP addresses have reportedly fallen to around 20,000, marking the lowest level seen in nearly a year.

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Declining network participation suggests fewer users are actively transacting on the XRP Ledger despite the recent price recovery.

Lower user engagement can sometimes indicate that price gains are being driven by investor positioning rather than increasing utility or organic network growth.

Additionally, analysts note that fresh capital inflows into XRP remain relatively limited, reducing the likelihood of an immediate explosive breakout without stronger demand entering the market.

Key XRP Price Levels to Watch

Several technical levels will likely determine XRP's next major move:

Major Support: $1.10

A break below this level would weaken the recent recovery and increase downside risk.

Short-Term Support: $1.13

Holding above this area would help preserve bullish momentum and maintain the current market structure.

Primary Resistance: $1.20

The most important level for bulls. A decisive breakout could trigger renewed buying interest.

Next Resistance Zone: $1.24–$1.28

If XRP clears $1.20, this region becomes the next major upside target.

Bullish Confirmation: Above $1.29

A sustained move beyond this level would strengthen the broader bullish outlook and suggest a more significant trend reversal is underway.

Bullish and Bearish Scenarios

Bullish Case

The positive scenario remains intact if XRP:

Holds above $1.13.
Breaks decisively above $1.20 with strong trading volume.
Continues attracting whale accumulation.
Maintains healthy spot market demand.

Under these conditions, the price could target the $1.24–$1.28 resistance zone, with $1.29 acting as the next major breakout level.

Bearish Case

Conversely, the recovery could weaken if:

XRP falls below $1.13.
Support at $1.10 fails.
Trading volume declines significantly.
Network activity continues deteriorating without fresh capital entering the market.

Such developments would increase the probability of a deeper correction before another breakout attempt.

Outlook

XRP has made encouraging progress by reclaiming the $1.10 level, supported by stronger trading volume, continued whale accumulation, and a healthier market structure driven by spot buying rather than excessive leverage. The sharp decline in funding rates during the rally further suggests that the current move may be more sustainable than previous leverage-fueled advances.

However, several challenges remain. Network activity has fallen to its lowest level in nearly a year, new capital inflows remain subdued, and the $1.20 resistance continues to cap upward momentum.

For now, $1.20 remains the most important level to watch. A decisive breakout above this resistance could open the path toward $1.24–$1.28, while a move above $1.29 would significantly strengthen the long-term bullish outlook. Until that confirmation arrives, XRP remains in a recovery phase where both buyers and sellers continue battling for control of the next major trend.

Georgi Minev publication: "XRP Price Prediction: Can Bulls Break $1.20 as Whale Accumulation and Spot Buying Drive Momentum?" was written for 24crypto.news