What to know:
- The XRP price surged 17.72% to $1.19, signaling renewed bullish momentum after breaking above a long-term downtrend.
- XRP whales accumulated more than 300 million tokens in 96 hours, highlighting growing confidence among large investors.
- XRP price could target $1.29, $1.83, and $2.77 if the breakout remains intact and buying pressure continues.
XRP price is showing bullish signs after breaking its long-term downtrend, while strong whale accumulation signals growing investor confidence. If buying momentum persists, the token could extend its recovery and challenge key resistance zones, although renewed selling pressure could weaken the bullish setup.
At the time of writing, XRP is trading at $1.19 with a 24-hour trading volume of $4.88 billion and a market capitalization of $74.65 billion. Following the 17.72% gain over the last 24 hours, the XRP price structure and whale accumulation point to a bullish reversal ahead.
Source: CoinMarketCap
Also Read: XRP Price Prediction: Bottom Signal and ETF Growth Point to $3.65 Rally
XRP Price Eyes $2.77 After Breaking Downtrend
According to the crypto analyst Bitcoin Meraklisi, the XRP price is showing signs of a potential trend reversal after breaking above a long-standing downtrend that had kept the cryptocurrency under persistent selling pressure.
The move suggests buyers are regaining control and could signal the beginning of a broader recovery phase. Maintaining momentum above the broken trendline would strengthen the bullish structure and improve market sentiment further.
Source: Bitcoin Mearklisi’s X Post
If the uptrend holds steady, it is important to watch out for multiple resistance levels in the event of a rise in the XRP price. The first resistance level lies around $1.29, then comes $1.83 and $2.77.
Breaking past these levels could fuel bull momentum and allow for additional upward movement. But in case of selling activity, the breakout could turn invalid.
XRP Whales Accumulate 300 Million Tokens in 4 Days
The data from Ali Charts further highlighted that a remarkable rise in whale accumulation is being experienced by XRP, with investors buying well over 300 million XRP in just four days.
This kind of buying spree may imply that the whales are preparing to take advantage of any possible price rebound. Accumulation in such a way may build up positive market sentiment and reduce the supply available.
Source: Ali Charts’ X Post
This development shows increased confidence from XRP’s major market players as investors watch out for a breakout move in the crypto.
With continued buying interest and increased volumes, XRP is likely to continue advancing in the coming days. But increased accumulations do not necessarily mean that the coin will advance as market sentiments still matter.
Following the bullish price predictions and strong whale accumulation, the XRP price is moving in an upward direction. This move is also backed by the improving momentum in the crypto market as Bitcoin has started to move upward.
What Comes Next for XRP?
The XRP price’s next step will depend on the ability of buyers to maintain the break above its prolonged downtrend. Recapturing $1.29 will provide a solid boost for bulls and will redirect focus towards the resistance areas of $1.83 and $2.77.
Increased whale buying interest will help fuel the uptrend, while selling interest might reverse the situation.
Also Read: XRP Price Prediction: $0.92 Pullback Could Set Up Rally Toward $12 Target
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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