XRP traded in a relatively narrow range on Friday, stabilizing after a turbulent week in which the broader cryptocurrency market came under renewed pressure.
Amid recent market volatility, the token has remained about 2% higher over the past seven days, showing resilience even as several major digital assets struggled to recover from sharp pullbacks.
Meanwhile, analyst Javon Marks argued that XRP has broken above a significant long-term resistance trend, a signal he considers a potential trigger for a much larger upward move.
According to his analysis, the breakout could pave the way for a rally of more than 211%, with price targets extending toward and beyond the $3.50 area, bringing XRP closer to revisiting its historical highs.
Further supporting the bullish outlook, recent blockchain activity suggests growing confidence among large XRP holders.
 
Analyst Xaif Crypto highlighted a notable shift in Binance outflows, noting that wallets transferring more than 1 million XRP now account for a growing share of large withdrawals from the exchange.
Notably, on-chain data shows XRP balances on exchanges have continued to decline, reducing the amount of tokens readily available for sale. Large withdrawals are often seen as a sign that investors are choosing to hold rather than sell.
The reported drop in the exchange supply ratio to around 0.03 suggests that available liquidity on exchanges has become relatively tight. While this does not guarantee higher prices, reduced exchange balances can boost upward moves if demand increases, because fewer tokens are immediately available for sale.
While the recent accumulation trend has bolstered bullish sentiment, some analysts are still monitoring key technical levels that could shape XRP’s next move.
Popular analyst Ali Martinez emphasized that XRP remains in a critical support zone and that the market structure still hinges on whether key levels hold.
According to the analyst, the $1.06 level could determine the next major move. Holding above that support could keep bullish targets around $1.35 and $1.64 in play, while a breakdown below it could expose XRP to declines toward $0.80 and potentially $0.62.
At press time, XRP was trading at $1.02, reflecting a 2.31% loss over the past 24 hours.
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