XRP shows signs of a big move as whale activity rises and resistance levels approach.
- XRP may break out from a key chart pattern, targeting a 75% price increase.
- Whale accumulation supports bullish momentum since early May.
- The $2.34–$2.40 range remains a strong short-term barrier.
XRP Chart Pattern Signals Possible Surge
XRP is forming a symmetrical triangle on its price chart. This pattern often comes before big price moves. If XRP breaks above the triangle, it could climb to around $3.81. That’s a 75% increase from the current price of $2.20 on June 28.
The last time XRP surged like this was in late 2024, when it rallied more than 400%. The current setup looks similar. The 50-day EMA near $2.20 is providing resistance. If that’s broken, it could fuel stronger buying.
Whales Are Accumulating XRP Again
Whales—large investors who hold a lot of XRP—are showing renewed interest. Data from CryptoQuant shows that whale flows flipped positive in May. This ended a four-month selling phase.
When whales buy, it often signals confidence in future price gains. In August 2024, similar buying was followed by a large rally. Now, inflows are even higher, suggesting that whales expect more upside this year.
Resistance Between $2.34 and $2.40
XRP faces a key test soon. The liquidation heatmap from Binance shows heavy trading around $2.34–$2.40. Over $525 million in position liquidations are stacked in this range.
If XRP breaks through this level, it might trigger a short squeeze. That means traders betting against XRP could be forced to buy, pushing the price higher. This area may act as a gateway toward the $3.81 target from the triangle breakout.
Source: cointelegraph.com
