XRP price is gaining bullish momentum as analysts highlight a potential long-term breakout supported by strengthening technical signals. At the same time, continued whale accumulation reflects growing confidence among large investors, reinforcing positive market sentiment and raising expectations for a sustained upward trend if buying pressure remains strong.
At the time of writing, XRP is trading at $1.08 with a 24-hour trading volume of $1.09 million and a market capitalization of $1.09 billion. Despite the 2.65% loss over the last 24 hours, the XRP price structure and whale buying point to a bullish reversal ahead.
Source: CoinMarketCap
Also Read: Doppler Finance Expands XRP Ledger Ecosystem With New Governance Framework
XRP Price Eyes Breakout as Analyst Targets $42
According to the crypto analyst EGRAG CRYPTO, the XRP price chart is attracting renewed bullish attention after analysts outlined a technical roadmap that could signal the beginning of a long-term breakout.
The setup requires the XRP price to hold above the 111-period Simple Moving Average, reclaim the 33-period Exponential Moving Average, and decisively break through the key resistance zone between $1.60 and $2.00.
It is stated that moving through those technical areas would trigger a macro-measured move, which will make it possible for the XRP price to see higher price targets going forward. The milestones that can be found are at $17 and $35, while the full measured move will take the XRP to $42.
XRP Whales Buy 70M Tokens as Sentiment Grows
The data from the crypto analyst Ali Charts highlighted that the whales have acquired more than 70 million XRP in the last one week, demonstrating their belief in the digital currency even in uncertain times.
It is believed that consistent buying by whales usually indicates that they expect to see better results from the digital currency in the coming days.
Source: Ali Charts’s X Post
The recent accumulation pattern has helped build positive sentiments about the future prospects of XRP prices, with the traders keeping an eye on whether this buying pressure leads to increased momentum in the markets. Even though this is not a fool-proof strategy, it can help build up the bulls’ case.
Despite the bullish price predictions and strong whale activity over the last week, the XRP price is moving downward. This move is backed by the general trend in the crypto market, as the BTC price is moving downward, which has impacted the overall market, including altcoins.
What Happens Next?
With a test of the important support level and a successful breakout of the resistance, the positive pressure on the asset could increase, and the price will start heading higher. Failure to provide confirmation of the breakout, however, can result in temporary consolidation before the XRP price moves higher.
Also Read: XRP ETF Holdings Reach 86,744 Shares in New 13F Filing
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
