What to know:
- XRP price remains near the $1.02 support zone as bulls attempt to regain momentum.
- A breakout above $1.20 resistance could open the path toward $1.27 and potentially $1.80.
- XRP whales accumulated $4.25 million worth of tokens, signaling stronger investor confidence.
The XRP price remains compressed near support as bulls struggle to regain control, but growing whale accumulation suggests improving investor confidence. A decisive breakout above resistance could strengthen the recovery outlook, while continued weakness or a breakdown below support would risk further downside.
At the time of writing, XRP is trading at $1.02 with a 24-hour trading volume of $1.03 billion and a market capitalization of $63.9 billion. Despite the 1.95% loss over the last 24 hours, the XRP price structure and whale activity point to a bullish reversal ahead.
Source: CoinMarketCap
Also Read: XRP Price Nears Major Decision Point While ETF Rebalance Fuels Hope
XRP Compression Signals Potential Move to $1.80
According to the crypto analyst EGRAG CRYPTO, the XRP price remains trapped in a three-day compression structure near the lower boundary around $1.03–$1.05.
The XRP price is trading below its 21, 50, 100, and 200 EMAs, showing that bulls have yet to regain control. A decisive reclaim of $1.18–$1.20 would provide the first signal of strengthening momentum and potential structure confirmation.
Source: EGRAG CRYPTO’s X Post
With the XRP price breaking above the level of $1.20, the next key area to watch out for is the $1.27 range, with further upside potential targeting $1.65-$1.80 levels.
However, the inability to retest support along with a breach of $0.97 levels would make the pattern formation void, leaving XRP vulnerable to deeper losses down to $0.777.
XRP Whales Add $4.25M as Accumulation Grows
The data from BankXRP further highlighted that the behavior of whales toward XRP has been becoming bullish this week, where whales have bought almost 20 million XRP worth $20.66 million.
On the other hand, the whales have been selling 15.89 million XRP worth $16.41 million. Therefore, a total amount of 4.11 million XRP worth $4.25 million has been accumulated by whales.
Source: BankXRP’s X Post
The positive balance shows that big players are acquiring more of XRP than they sell, which might suggest that they have higher hopes for it in the short term.
The fact that whales are buying up XRP can limit selling pressures and give extra support to the XRP price, especially if there is an overall positive sentiment in the market.
Despite the bullish price predictions and whale activity, the XRP price is moving in a downward direction. This move is also backed by the general trend in the crypto market as the BTC price has started to move downward, which has impacted the overall market, including altcoins.
What Happens Next for XRP?
The next action for the XRP price will depend on whether the bulls regain the $1.18-$1.20 resistance region while holding onto the support at $1.03-$1.05.
The bullish bias could be confirmed with a breakout above $1.20 and target $1.27 and even $1.80. However, a drop below $0.97 would open room for another decline down to $0.777.
Also Read: XRP Price Prediction: ETF Inflows Could Fuel Recovery Toward $10+
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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