- Whale wallets added 900M XRP in 48 hours, signaling strong bullish conviction
- Bull flag breakout near $3.20 could propel XRP toward the $4.50 target zone
- Long-term resistance flip to support hints at potential retest of $3.80 levels
XRP whales are on another massive buying spree. On-chain data shared by analyst Ali Martinez shows that wallets holding between 100 million and 1 billion XRP have scooped up an additional 900 million tokens in just the last 48 hours.
This aggressive accumulation comes as the XRP price has stabilized near $3.19. This kind of buying during a period of consolidation is often seen as a sign of strong conviction from large investors, potentially setting the stage for the next major move higher.
Technical Setup Suggests Bull Flag Breakout
According to analyst Maxi, XRP is now retesting the upper boundary of a bull flag pattern as new support. This trendline, near the $3.20–$3.25 area, was recently broken to the upside. If buyers continue to defend this zone, the pattern’s measured move could propel the price toward $4.50.
The key level. All this buying is pushing XRP toward one critical number. Here’s our detailed news analysis on XRP’s $3.33 resistance level.
Once the 3.33 resistance is breached, the next resistance is seen around $3.50, with its support staying at the now $3.20 level. Sustained momentum above this breakout point would validate the bullish continuation scenario.
XRP’s Long-Term Chart Looks Even Stronger
Analyst Thecryptomist to an even bigger picture, a decisive breakout above a long-term descending resistance line that was around the $2.60–$2.70 level.
Following this breakout, XRP reached $3.80 before retracing to hold support above $3.00.
This structure has now flipped previous resistance into strong support, which historically is a bullish sign. Key levels to watch remain at $3.00 and $2.60. If these hold, resistance near $3.80 could be challenged again, paving the way for further gains.
Broader Market Sentiment and Targets
The overall market backdrop remains favorable, with XRP posting a 5.31% gain over the past week. Daily trading volumes above $6.8 billion suggest active participation from both retail and institutional players.
So how high could it go? Here’s one analyst’s case for a $7.75 XRP.
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