XRP Price Prediction: Whale Moves and Dormant Wallets Shake Up XRP Outlook Toward $6.90

While technical data signals short-term bearish pressure, some analysts remain unfazed as XRP follows a carefully charted path toward new highs.

The XRP price today hovers near $3.15, gaining over 2.8% within 24 hours recorded on July 26. Despite the earlier surge, recent activity across the XRP Ledger (XRPL) reveals signs of fatigue. Notably, the number of active addresses has declined sharply—down 44% from its peak of over 50,000 to around 28,000—according to CryptoQuant.

XRP was trading at around $3.148, up 2.82% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin

This drop in on-chain engagement suggests a retreat of speculative demand. In essence, fewer users are interacting with the network, which often signals weakening market conviction. As a result, the XRP price faces increased headwinds, with traders seemingly adopting a risk-off stance.

The story is similar in the derivatives space. Open Interest (OI) in XRP futures has fallen from $10.94 billion earlier in the week to around $9 billion. This decline indicates traders are scaling back their positions, either due to profit-taking or a shift toward a more cautious outlook.

The ongoing decline in open interest reflects weakening trader confidence as investors shift toward a risk-off approach amid evolving market conditions. Source: CoinGlass

Adding to the bearish tone, funding rates in XRP derivatives have dropped. Fewer traders are opening long positions, and some are even beginning to favor shorts. This growing imbalance reflects a general lack of confidence, even though certain traders still believe in XRP’s long-term potential.

The weighted funding rate metric from CoinGlass shows an increase in bearish sentiment, though analysts point out this could also present a fresh buying opportunity—especially for those watching for a new entry point as volatility stabilizes.

Technically, XRP is at a key support level around $3.00. Nonetheless, the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators are indicating a decelerating momentum.

XRP technical analysis in multi-timeframe charts indicates strength above the $3 support. Source: EbonyFalcon on TradingView

The RSI continues to drop from overbought, and at 55, it indicates diminishing buying strength. The MACD line also just crossed beneath its signal line on the daily chart, a sign generally taken as a sell sign. If the price of XRP falls below the $3.00 support, further losses to the 50-day EMA at $2.66 or even the 100-day EMA at $2.48 are likely to ensue.

While short-term signals are flashing red, someone else is still keeping the larger picture in mind. Popular crypto trader DonAlt and his plain but effective charts are still a headline in XRP news around his long-time call for a break to $6.90.

Earlier in late 2024, when XRP traded for about $0.70, DonAlt had drawn three major price levels for it: $1.20, $2.90, and $6.90. As of late July 2025, XRP achieved the first two of those milestones.

DonAlt’s chart accurately traces XRP’s rise from $0.70 to nearly $3, aligning with 2025’s market rally and whale-driven momentum highlighted in CoinCentral’s July analysis. Source: DonAlt via X

In the late 2024 time frame, when XRP was valued at about $0.70, DonAlt set three significant price targets: $1.20, $2.90, and $6.90. To date, in late July 2025, XRP has managed to hit the first two hurdles. With the token now ranging between the second target and more, everyone is waiting for the third and final leg to be achieved.

DonAlt’s approach is not only correct but also consistent. He hasn’t adjusted his chart or his targets, even as market dynamics have shifted. This consistent vision is an interesting counter to the sometimes-reactive nature of the crypto world.

For XRP to reach DonAlt’s ambitious $6.90 target, the asset would need to rally another 135% from its current levels. That figure becomes even more impressive when framed against its starting point of $0.70—representing an 880% climb if the forecast proves accurate.

XRP has formed a new high and is expected to pull back to the 50% retracement level before potentially advancing toward the 7.1642 Fibonacci target near $6.90. Source: TheCryptoGoon on TradingView

Despite recent weakness, some market participants argue that XRP’s price prediction remains intact. They point to historical patterns, accumulation by long-term holders, and the possibility of renewed retail interest as potential fuel for the next leg upward.

The XRP crypto market currently faces conflicting signals. On one hand, shrinking network activity and bearish technicals suggest that short-term weakness may persist. On the other hand, the steady climb toward DonAlt’s projected $6.90 target shows that long-term conviction among seasoned traders remains strong.

Whether XRP will rise in the immediate future may depend on broader market sentiment, but its long-term trajectory still appears bullish to many. As investors assess the current pullback, the next few weeks could determine whether XRP can hold the line—or leap toward uncharted highs.

Stay tuned for more XRP news today and updates on the evolving Ripple vs SEC court case, which continues to cast a long shadow over XRP predictions for 2025 and beyond.