- XRP forms a bull flag within a descending triangle, projecting breakout targets beyond $3.60.
- XRP holds $2.75 support as whales accumulate 120M tokens, reinforcing strength for the next move.
- Resistance at $2.92 and $3.02 are key hurdles before XRP can advance toward the $4 milestone.
XRP is currently forming a classic bull flag pattern, with analysts observing that the next move could push price above $4 for the first time ever. The daily chart shows consolidation inside a descending triangle, while trading activity continues to prepare for stronger directional momentum.
Technical Setup and Breakout Projections
XRP’s chart displays a consolidation phase within a descending triangle, according to analysis prepared by Bitcoinsensus. Resistance has been repeatedly tested at the upper trendline, marked with red arrows, while green arrows confirm steady support at the lower boundary. This narrowing structure demonstrates compression that often precedes a breakout.
The inset chart further illustrates a bull flag pattern, which typically forms after strong upward rallies. XRP’s earlier surge from June to July provided the base for the current formation. Breakout projections point toward a move above $3.60, with technical analysis suggesting the price could advance beyond $4 once resistance breaks.
Market activity reflects this setup. XRP is trading at $2.86 after gaining 3.1 percent over the past 24 hours, according to data from Coingecko. The 24-hour range spanned between $2.77 and $2.90, with trading volume recorded at $3.94 billion. Market capitalization stood at $171 billion, placing XRP among the largest cryptocurrencies.
Support, Resistance, and Market Factors
Technical levels show that XRP must hold support near $2.75, which coincides with a key demand cluster identified by Glassnode. Nearly 1.58 billion XRP were acquired around this level, reinforcing its importance as a base for recovery. On the hourly chart, support near $2.80 is aligned with the 100-hourly SMA.
Resistance levels remain close. Price faces hurdles at $2.88 and $2.92, while a decisive move above these zones could open the path toward $3.02. Analysts also project the symmetrical triangle target at $3.62, which represents a 30 percent gain from current prices.
Seasonal trends show October has historically been weak for XRP, though November and December have delivered strong rallies. According to Ali Charts, whales purchased 120 million XRP in the past 72 hours, providing further confidence that accumulation is underway. Upcoming ETF decisions in mid-October and November could add institutional demand, creating potential catalysts for a breakout above $4.
