XRP traded sideways on Tuesday after a turbulent week in which the broader crypto market struggled to maintain momentum.
Notably, over the past seven days, the cryptocurrency decreased by nearly 8%, reflecting mounting selling pressure across the market amid renewed volatility in major digital assets.
However, despite the pullback, analysts say whale accumulation and bullish technical signals could be setting the stage for a major breakout.
According to data from the popular analytics platform Santiment, as reported by analyst Ali Charts, whale wallets have been steadily increasing their holdings over the past week.
“190 million XRP have been accumulated by whales over the past week,” the analyst wrote on X.
 
Adding to the bullish sentiment, veteran analyst Javon Marks pointed to a major technical breakout developing in XRP’s trading pair against Bitcoin. According to the analyst, a similar setup in the past preceded a dramatic rally.
“One of the last times we spotted an XRP breakout against Bitcoin, we projected an over 243% increase and XRP followed through, going on to climb over 500% from the $0.50s to $3.30+,” he noted.
The pundit added that the current technical structure appears even larger than the previous one. According to his analysis, the setup could potentially lead to an increase exceeding 635% if historical patterns repeat.
“Today, we see XRP broken out of an even larger setup against Bitcoin, and we’re projecting an over 635% increase. XRP rising that amount sends it over $10,” he added.
Furthermore, according to analyst Dom, a single entity appeared to purchase more than $35 million worth of XRP in less than an hour.
The purchases were executed in a highly structured manner, with 156 identical buy orders of 10,000 XRP each being placed roughly every 18.5 seconds over a 48-minute window.
The activity was primarily recorded on Coinbase, though similar transactions were also observed on Bitstamp and Kraken. He noted that Coinbase alone accounted for approximately $23.4 million of the total accumulation.
Meanwhile, analyst ChartNerd believes long-term price patterns may also support the bullish narrative. The analyst highlighted a recurring fractal structure forming on XRP’s multi-year chart.
According to him, XRP appears to be forming a symmetrical triangle pattern similar to the one that preceded the explosive rally in 2017.
He pointed out that the previous cycle saw XRP surge dramatically shortly after retesting its breakout level. A comparable setup, he suggested, may now be emerging in the current market cycle.
“XRP fractal patterns are crystal clear. These multi-year symmetrical triangles often resolve with explosive moves once trend lines converge,” he stated.
At press time, XRP was trading at $1.30, reflecting a 3.06% decline in the past 24 hours.
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