Whale interaction with the XRP Ledger experienced a sudden spike, as larege entities moved XRP in levels never seen this year.
XRP continues to trade steadily near $2, but its on-chain metrics tell a different story. Despite the recent price stability, underlying data indicates that market conditions may be far less settled than they appear.
Specifically, CryptoQuant identified in a recent report that XRP velocity has reached a record high, surpassing earlier spikes this year. This happened on December 2 as the XRP Ledger velocity metric soared to a yearly high of 0.0324.
Activity Spike on the Ledger
According to the analysis, the metric measures the intensity of XRP’s circulation on the Ledger, identifying periods of a sharp rise or decline in economic activities and on-chain transactions in a given period. Higher velocity indicates increased user engagement on the network, while lower velocity indicates the opposite.
Specifically, on Tuesday, the XRP Ledger recorded its most intense XRP circulation yet for the year. Instead of holders keeping their assets in cold wallets, they shifted them at rapid rates to new destinations.
The report also suggested that this velocity surge indicates strong whale activities, usually marked by significantly high liquidity. However, it is unclear which direction this increased interaction with the XRP Ledger was headed.
Were whales accumulating XRP or were they selling? Regardless of the outcome, CryptoQuant noted that the network is seeing massive user engagement and one of its most active periods this year.
Remarkably, such high on-chain activity precedes a notable price shift. The subsequent days would expose what whales were doing on-chain and determine how XRP would react.
XRP Could Target $2.75 Next
While analysts monitor how XRP would react to the spike, top chartist Ali Martinez has offered technical insight into the asset’s possible price trajectory. He shared in a parallel post that XRP would target a breakout to $2.75.
If $XRP can break past $2.28, a breakout toward $2.75 opens up. pic.twitter.com/dhw3DMfItY
— Ali (@ali_charts) December 4, 2025
He spotted XRP’s trend within a descending channel on the 4-hour chart. A recent price uptrend saw the coin bounce from the structure’s lower support at $1.87, trading close to its upper resistance.
Meanwhile, he predicted that XRP could rally if it breaks above the $2.28 price level, which lies somewhere above the wedge’s resistance neckline. An increase to this 0.618 Fibonacci level would confirm a breakout, potentially targeting the 0.236 Fib. point at $2.747.
XRP could also rally to $3.09, aligning with a price high within the descending channel. A surge to this level represents a 48% growth from the current price of $2.08.
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