- XRP is gaining traction as whales accumulate near the $3 mark, signaling strong support for a potential breakout.
- Analysts predict a possible rally to $4.47 if the price holds above critical support levels like $2.65.
XRP has pushed past the $3 level and is now trading at $3.24, signaling renewed bullish strength backed by heavy accumulation from large holders. With technical patterns flashing green and whales continuing to buy the dip, analysts believe the rally could extend toward $4.47 in the coming weeks.
XRP Whales Signal Confidence as Accumulation Grows
According to Santiment data, the number of wallets holding over one million XRP has surged to a record 2,743—a strong sign of institutional interest. These large holders are not cashing out; instead, they’re treating recent dips as buying opportunities. Their activity provides a support base, cushioning short-term corrections and signaling conviction in XRP’s long-term potential.
This level of accumulation often precedes price expansions, especially when paired with bullish technical setups.
Technical Patterns Point to $4.47 Target
Veteran trader Peter Brandt has identified a rare “continuation compound fulcrum” on XRP’s chart—an unusual but powerful formation that can lead to major breakouts. If this pattern plays out, Brandt believes XRP could rally to $4.47, marking a significant leap from current levels.
Key support remains at $2.65, a level that could act as a springboard if bulls continue to defend it. A breakout above $3.40 would likely open the door to further gains, with $4 as the next psychological barrier.
Short-Term Signals Remain Mixed
While XRP holds comfortably above its 20-day EMA, a negative divergence in the RSI suggests some caution in the short term. If the price dips below $2.49, XRP might move sideways between $2 and $3 before regaining upward pressure.
Still, as long as $2.65 holds and whales continue buying, the setup favors bulls.
At the time of writing, XRP is trading at $3.24, and the countdown to a potential breakout has already begun.
ALSO READ:XRP Price Outlook: Could Bitcoin’s Rise to $130K Push XRP to $4?
DISCLAIMER:
The views and opinions expressed herein are solely those of the author and do not necessarily reflect the views of the publisher. The publisher does not endorse or guarantee the accuracy of any information presented in this article. Readers are encouraged to conduct further research and consult additional sources before making any decisions based on the content provided.
About the Author
