XRP whale wallets hit 332,230 ATH as analysts predict final retest before 5,660% surge to $202

The broader cryptocurrency market maintains a steadfast bullish trajectory, with particular momentum concentrating on high-potential altcoin assets including Ethereum (ETH), Cardano (ADA), and Ripple's XRP. While Bitcoin (BTC) established new all-time highs over the preceding two years, the anticipated altcoin season delivered mixed results; only a select few assets matched Bitcoin's performance, leaving many experts to conclude that the peak phase remains pending. Despite these delays, macro price charts continue to signal robust multi-year bullish setups, reinforcing trader conviction through persistent accumulation patterns even amidst market volatility.

On-chain metrics reveal a critical shift in holder behavior, specifically regarding large-scale accumulation. Data compiled by Woofun AI shows that the XRP Ledger has reached a historic milestone with 332,230 wallets now holding at least 10,000 XRP. This figure represents a significant all-time high for whale activity. The growth trajectory of these large holders has been steady since June 2024, indicating a strategic accumulation phase that persists regardless of broader market fluctuations. Analysts interpret this surge in mid-to-large wallet activity as a definitive long-term bullish signal.

Market participants appear increasingly willing to accumulate XRP during fear-driven conditions, a strategy that has allowed wallet growth to fully recover from the February crypto market crash. This resilience suggests a divergence from typical retail panic selling. Some experts draw a direct parallel between current XRP dynamics and Amazon's historical performance, positing that the asset is positioned for a massive repricing event similar to the one Amazon experienced starting in 2009. The structural similarities in long-term chart formations support this comparative analysis.

Technical analysis highlights a specific pattern where XRP has spent years respecting a rising support trendline while repeatedly failing to breach a major resistance ceiling. This configuration mirrors Amazon's market structure between 1998 and 2009, a period characterized by consolidation before a decade-long resistance level was finally shattered. Woofun AI notes that XRP may undergo one final retest of this support level before initiating a larger breakout attempt, potentially materializing in 2026. This final consolidation phase is viewed as a necessary precursor to a parabolic surge.

The potential magnitude of this breakout is substantial if historical analogies hold true. Should XRP replicate the exact scale of growth observed in the Amazon comparison, the asset could rally 5,660% from the 8-year resistance zone near $3.50. Such a move would propel the price of XRP to approximately $202 per coin. This projection relies on the asset breaking through the established resistance ceiling after the anticipated final retest, setting the stage for new all-time high targets over the coming months. The convergence of whale accumulation and technical symmetry suggests a high-probability setup for significant upside.