XRP (XRP-USD) just broke out of its long-term price range, climbing as high as $3.03 before pulling back slightly. While some traders booked profits at that level, on-chain data shows big investors are still loading up. That steady accumulation could set the stage for another rally, this time toward the $4 mark.
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Big XRP Buyers Are Stepping In
According to data from Santiment, the number of XRP wallets holding more than one million tokens hit a record high of 2,743 last week. That kind of whale activity often signals strong conviction, especially when paired with price gains. Large holders tend to accumulate during periods of momentum and can act as a floor during minor corrections.
In short, whales are treating the dip like a buying opportunity and not a reason to cash out.
XRP’s Chart Shows Room to Run
Technical analysts are growing more confident in XRP’s setup. Veteran trader Peter Brandt said the altcoin is showing a rare “continuation compound fulcrum” pattern. This formation, while uncommon, can precede explosive price moves.
Brandt thinks XRP could push as high as $4.47 if the setup plays out. That would be a massive move from current levels, but it’s not unrealistic given the coin’s momentum and whale support.
Support Zones to Watch
XRP is currently hovering just below $3. Analysts say the key support level to watch is $2.65. If the price bounces off that zone, it would show buyers are still in control. That could help turn $2.65 into a new base and push XRP above the $3 ceiling once again.
If that happens, the next key resistance comes in at $3.40. That’s where sellers may try to stall the rally, but if bulls push through, $4 could quickly come into view.
On the flip side, if XRP drops below the 20-day EMA around $2.49, momentum could fade. In that case, the price might drift sideways between $2 and $3 for a while before making another move.
XRP’s Momentum Is Cooling, But It’s Not Broken
Short-term indicators show a mixed picture. The four-hour chart reveals that XRP is still holding above the 20-day EMA, which is a good sign. However, the Relative Strength Index (RSI) is flashing a negative divergence, which hints at weakening momentum.
If XRP loses the EMA support, the price may test $2.65 again. But if it holds and bounces, it suggests traders are still buying dips a bullish signal for what could come next. At the time of writing, XRP is sitting at $2.9484.
