- XRP is up over 8% in a week, now testing the key $3.33 resistance level.
- Whales bought 320 million XRP in just 72 hours, as per Ali Martinez.
- Price is holding above $3.20 support, with short-term targets at $3.55–$3.70.
XRP has been on a steady rise over the past week, gaining more than 8% to trade around $3.24. The move comes after the token broke out of a consolidation wedge pattern, rejecting its channel support and pushing higher.
Traders are now watching closely as XRP tests the $3.33 resistance level, a key price point that could decide its next big move.
Strong Support Levels in Play
On the daily chart, XRP is holding firm above the 20-day EMA at $3.14, with the 50-day EMA at $2.93 providing an additional cushion if prices dip.
As long as the price stays above $3.20, the bullish outlook remains in place. This stability gives buyers confidence to target higher price zones, with short-term goals in the $3.55–$3.70 range.
Related: XRP (XRP) Price Prediction for August 14
Market analyst Dark Defender has expressed strong optimism, saying on X (formerly Twitter), “It is time to break $3.33 and rise through $4.44 levels. Upcoming targets: $4.44, $5.85. RSI, bullish than ever. Chin-up XRP Army, your time is here.”
Whale Activity Signals Confidence
Adding fuel to the bullish case, on-chain data shared by analyst Ali Martinez shows that whales have bought a massive 320 million XRP in the last 72 hours.
Such large-scale buying from big investors usually signals strong confidence in the asset’s future price action. This type of accumulation also reduces the available supply on exchanges, which can help support upward momentum.
XRP Price Analysis: What to Watch Next?
If XRP can break and hold above the $3.33 resistance, the next upside targets sit at $3.55 and $3.70 in the short term, with $4.44 being a major medium-term milestone.
On the other hand, if sellers manage to push the price back below $3.20, traders will be watching the $3.14 and $2.93 levels as key supports.
The recent breakout, whale accumulation, and strong market sentiment all work in XRP’s favor for now. However, as with all cryptocurrencies, sudden volatility in Bitcoin or the wider market could quickly shift the trend.
Related: XRP (XRP) Price Prediction for August 15
For the moment, the bulls are in control and if they can clear $3.33, XRP could be on its way to testing multi-year highs.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
