Whales Buy into Pullback
XRP has once again caught the attention of large investors. The token bounced from $2.70 support and climbed as high as $2.92 on Monday, marking an 8.5% rise before easing back due to profit booking. Despite this short-lived rally, whale activity and technical patterns suggest a bullish breakout may be on the horizon.
According to Santiment data, holders with between 10 million and 100 million tokens added more than 120 million XRP in just three days. This purchase, valued at around $340 million, brings their collective holdings to roughly 8 percent of the circulating supply. Such moves indicate confidence among whales that XRP can extend its gains in the weeks ahead.
Technical Barriers in Focus
XRP bulls attempted to retake $2.95, which aligns with the 50-day simple moving average, yet faced rejection at that level. The token now looks to find support around $2.80, the lower trendline of a symmetrical triangle. Below that, an important demand area sits between $2.69 and the 200-day simple moving average at $2.55. Analysts note that this zone serves as the final stronghold for bulls should selling pressure increase.
To ignite a recovery, XRP must hold above the $2.88 to $2.95 region. Both the 50-day and 100-day simple moving averages cluster in this range, reinforcing its importance as a supply zone. A decisive break above $3.05, the upper boundary of the triangle, would confirm a bullish breakout from consolidation.
Path Toward $4.20
If buyers overcome $3.05 resistance, the breakout could set XRP on course toward $4.20. This would represent a 47 percent rise from current levels. Analysts suggest the next leg higher will be “fast and aggressive” once the symmetrical triangle resolves. The bullish setup comes at a time when XRP is preparing for its strongest quarterly close on record, which adds weight to expectations of further gains in the fourth quarter.
Market Sentiment Remains Strong
The accumulation trend by large investors has kept sentiment resilient despite recent pullbacks. Their activity reflects a conviction that XRP’s trajectory remains upward. The wider crypto market has also supported the view that altcoins could outperform in the final quarter of the year, strengthening hopes for XRP’s rally.
Some analysts have gone further, noting that XRP could climb as high as $15 if momentum persists into the next cycle. While such projections remain speculative, the convergence of whale accumulation, bullish technical indicators and strong quarterly performance underscores XRP’s potential for significant price appreciation.
