XRP price is showing signs of a potential bullish reversal as its long-term structure improves. Whale accumulation and renewed institutional interest are strengthening market attention, while traders monitor resistance and support levels. A sustained breakout could reinforce bullish momentum, although confirmation remains important before expecting further upside.
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XRP Price Reclaims Long-Term Structure
XRP is showing signs of renewed strength after recovering from a prolonged decline, with crypto analyst Crypto Patel highlighting a potential long-term breakout setup.
His two-week chart analysis places XRP above a major accumulation zone after a roughly 74% drawdown from its current all-time high, suggesting the broader structure has stabilized.
Source: Crypto Patel’s X Post
As indicated by Patel, the price of XRP is experiencing significant resistance at $1.70 and $3, while support is concentrated at $1 and $0.60.
Moving decisively above the level of $1.70 will solidify the bullish trend structure and potentially allow for an advance towards much higher prices. His macro target range is from $10 to $18.
Also Read: XRP Price Eyes a Breakout Toward $1.60 as ETF Inflows Boost Bullish Outlook
XRP Price Consolidates Below Key Resistance
TradingView chart analysis indicates that XRP is shifting from months-long bearishness to a high level of volatility and consolidation.
Having dropped to below the $1 mark in August, the coin went through an impressive price surge that pushed it almost to $1.70. The price of XRP then found stability in the range of $1.30 to $1.50.
Source: TradingView
During the period under discussion, the price level for XRP is about $1.374, dropping slightly on a daily basis.
At that moment, the price of the currency is placed not far from the mid-level of the Bollinger Bands at $1.373, where the upper and lower bands are located at $1.465 and $1.282, respectively.
XRP Price Holds Above Key Support at $1.28
The technical chart also illustrates that there is a collection of various exponential moving averages ranging from about $1.263 to $1.357, forming an important support area below the prevailing price level.
Staying above such a cluster of moving averages may contribute towards maintaining the existing recovery pattern, while weakness below it may bring in a larger pullback move.
The $1.28 area is thus crucial in terms of short-term price structure, as a break below that region may undermine the prevailing bullish technical setup and make traders focus on lower support areas.
Meanwhile, a consolidation period above the moving averages will keep the focus on breaking the $1.70 resistance noted by Crypto Patel.
XRP Whale Accumulation Raises Market Interest
Additionally, crypto market analyst Ali Charts pointed out a noticeable rise in the XRP whales’ movements over the last 96 hours.
Based on the figures provided in the below-mentioned chart, it is estimated that big investors have bought about 1.54 billion XRP tokens, which is worth $2.2 billion in total.
Source: Ali Charts’ X Post
The accumulation of such tokens can grab the attention of the market as a result of large-holder positioning affecting the supply and liquidity of the market.
However, large holder buys do not automatically ensure a price breakout in the market, but rather the impact will be dependent on whether the accumulation will turn into distribution.
XRP ETF Adds Another Catalyst
The data pointed out by BankXRP also proved that the launch of the 3x XRP ETF is delayed until October 18 due to the Volatility Shares’ efforts.
According to reports, the filing was made on September 18; therefore, this is just a development delay but not the launch itself.
Source: BankXRP’s X Post
The ETF development is another consideration for the trader following the institutional story behind the XRP coin.
This will help increase awareness about the XRP derivatives market exposure if the product moves forward. However, the launch of this product should not be considered as a certainty until certain conditions are met.
What Comes Next for the XRP Price?
XRP’s technical outlook is still based on the $1.70 resistance and the $1.28 support level. The ability to break above resistance can help in validating the technical pattern for recovery, while a break below support is likely to invalidate the bullish view. The $10-$18+ prediction made by Crypto Patel is a broad view and not a price confirmation.
Also Read: XRP Price Targets $2 as Evernorth Secures $30 Million XRP Funding
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
