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Key takeaways<\/strong>:<\/p>\n XRP’s strongest spot premium phase suggests real buying demand, not just speculative futures trading. <\/p>\n<\/li>\n The number of XRP addresses holding ≥10,000 tokens has steadily climbed, even during recent price pullbacks. <\/p>\n<\/li>\n A falling wedge pattern points to a possible breakout toward $3 to $3.78, with up to 70% upside if confirmed.<\/p>\n<\/li>\n<\/ul>\n XRP (XRP<\/a>) is experiencing its strongest sustained phase of spot premium in history, a period where the spot market has been consistently trading at stronger levels compared to perpetual futures.<\/p>\n Since 2020, most major XRP price peaks happened when the perpetual futures market was leading, noted market analyst Dom<\/a> in his May 2 post on X. <\/p>\n XRP’s futures prices being higher than spot signaled excessive speculation and led to sharp price drops.<\/p>\n As of 2025, a spot premium suggests that demand from actual XRP buyers is driving the rally, pointing to a more stable price rise compared to past runs powered by leveraged bets.<\/p>\n Further reinforcing the case for real demand, Glassnode data shows<\/a> a consistent rise in the number of XRP addresses holding at least 10,000 XRP (the green wave in the chart below) since late November 2024. <\/p>\n XRP’s price has rallied<\/a> by approximately 350% since then.<\/p>\n XRP’s whale count has risen even during its 35% price pullback between January and April. It suggests that larger holders—often viewed as more patient or strategic investors—are steadily accumulating positions in anticipation of further gains.<\/p>\n Optimism has been fueled by improving odds<\/a> of spot XRP ETF approval in the US. The US Securities and Exchange Commission’s (SEC) decision to drop its lawsuit against Ripple<\/a> has further boosted the market’s upside sentiment.<\/p>\n Related: <\/strong><\/em>SEC punts decisions on XRP, DOGE ETFs<\/strong><\/em><\/a><\/p>\n\n
XRP’s 350% rally is backed by real demand <\/h2>\n
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Falling wedge hints at 70% XRP price rally <\/h2>\n
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