- XRP whales have accumulated 110M tokens, signaling confidence in a possible price breakout.
- Key resistance levels at $2.61 and $2.65 could trigger a rally if broken with strong volume.
- XRP’s current setup mirrors the 2017 breakout pattern, hinting at a potential surge past $3.
XRP is entering a consolidation phase with growing attention from market participants. The token is trading near $2.36 and showing signs of a possible breakout. The momentum is there, and the key upward targets remain $2.61 and $2.65. These levels are crucial resistance points—breaking above them could pave the way for a new rally.
Whale Activity and Technical Structure Support Bullish Outlook
XRP has seen a rise in whale accumulation as large holders have increased their positions significantly in recent days. According to data tracked by Santiment and shared by BitGuru via X, over 110 million XRP tokens were acquired by wallets holding between 10 million and 100 million tokens in the last five days.
This steady buying supports the view that whales expect a price rebound. The price structure on the 4-hour chart shows XRP moving within a tightening range, with Bollinger Bands beginning to narrow.
This price compression often precedes a breakout. The current resistance stands at $2.4302, while support holds near $2.3052. XRP is stabilizing just above support levels previously tested as resistance, indicating potential strength.
RSI, MACD and Historical Patterns Signal a Potential Move
The Relative Strength Index (RSI) currently stands near 47.2, showing a balanced market with slight bullish pressure. The MACD indicator is signaling a possible bullish crossover as the MACD line begins to move above the signal line, although the momentum remains weak.
According to an observation by Galaxy BTC, XRP is closely following its 2017 breakout pattern, which occurred after a similar consolidation phase. They noted, “$XRP almost perfectly follows the breakout pattern of 2017 after 6 years of consolidation.”
Historical data also supports the possibility of a surge toward $3 or beyond if the resistance levels at $2.61 and $2.65 are cleared. Traders are advised to watch for strong volume and price action above these zones before confirming a trend shift.
