- XRP’s breakout from a cup and handle pattern puts $3.40 resistance in focus, with $4.00 as the next bullish target.
- Support now is at $2.80–$2.90; a breakdown risks declines toward $2.50, weakening the bullish setup.
- Binance and HTX Global dominate XRP liquidity, with reserves surging to over 3.5B and 2.5B tokens, respectively.
XRP has moved out of a prolonged consolidation, completing a technical setup that analysts identify as a cup and handle formation. According to market analyst Muro, the breakout aligns with a bullish continuation structure seen on the higher time frame.
The price action first advanced sharply in July, climbing above $3.40 before retracing into a falling wedge. That structure has since compressed into higher lows and lower highs, creating a breakout point that XRP has now surpassed.
The move places renewed attention on the $3.40 level, a barrier that previously acted as resistance during the July peak.
Key Resistance Levels and Potential Targets
The chart shows $3.40 as the key level where buyers face their next major test. This horizontal resistance matches the prior swing high from the July rally. Analysts suggest that a close above this level would validate broader upside momentum.
If achieved, the breakout could extend toward the $4.00 region in the medium term. However, immediate support now is between $2.80 and $2.90. That zone corresponds with the wedge breakout area, and holding it is important for preserving the bullish setup. A breakdown below the range would expose XRP to further declines, potentially toward $2.50.
Rising Exchange Reserves
Alongside the technical developments, exchange reserves have shifted notably in recent weeks. XRP reserves across exchanges increased by 1.2 billion tokens in one day, with Binance recording a 610 million inflow.
Binance holds the largest share of XRP liquidity, with balances fluctuating between 2.8 and 3.2 billion tokens throughout the year. In September 2025, reserves surged past 3.5 billion. HTX Global follows as the second largest holder, maintaining around 1.5 billion tokens before sharply rising to nearly 2.5 billion.
Distribution Across Major and Smaller Platforms
Other exchanges show varying trends that indicate a different distribution pattern. Kraken held over 500 million XRP earlier in the year, but its reserves have steadily decreased in 2025. Bitfinex, Bithumb, Bitstamp, KuCoin, OKX, and Gate.io all report smaller holdings, generally below 500 million tokens.
These exchanges have shown minor fluctuations without dramatic changes compared to the larger platforms. Overall, the data show that Binance and HTX Global continue to dominate liquidity for XRP.
