Ripple's XRP is exhibiting a trading structure that closely resembles the Wyckoff accumulation pattern. This pattern has historically appeared during previous market cycles and is often seen as a precursor to a significant price breakout.
At present, XRP is trading at $2.43, with a 24-hour trading volume exceeding $4.2 billion. The price has seen a minor decrease of 1% over the last 24 hours and a 4% drop over the past week.
Wyckoff Accumulation Pattern Formation
Market analyst EtherNasyonaL has shared a chart illustrating XRP's movement through two distinct accumulation zones. These periods are characterized by sideways price action, a common hallmark of the initial stages of the Wyckoff model. The observed structure also includes a potential "spring" phase, which involves a sharp price decline followed by a rapid recovery, often occurring just before a substantial upward movement.
$XRP is progressing on the Wyckoff method. The structure is still progressing in line with the Wyckoff accumulation phase. The similarity to the 2017 formation is striking, but this time the market is more mature. Although it’s still early, the picture resembles the calm… https://t.co/EjJCRgJ9BQ https://t.co/752wZQiUs5
— EᴛʜᴇʀNᴀꜱʏᴏɴᴀL 💹🧲 (@EtherNasyonaL) October 20, 2025
The projected path indicated by this pattern suggests the possibility of another price increase, potentially followed by a new cycle of accumulation and distribution. Analysts closely monitor this type of pattern to gauge long-term asset positioning based on historical market behavior.
Testing Resistance Around $2.47
Another analyst, Egrag Crypto, has highlighted the price zone around $2.47 as a critical level for XRP. The cryptocurrency recently moved above a descending trend channel and has since bounced off the support level at $2.31. XRP is currently testing a supply zone, which could potentially transform into a support area if buying pressure persists.
The next significant resistance level to watch is approximately $2.55. A decisive move above this threshold would indicate that the market has successfully converted this resistance into support. Should this occur, the subsequent price target is projected to be around $2.65. Conversely, if XRP fails to break through this level, it may retest lower price points between $2.31 and $2.14.
According to ChartNerd, XRP has already broken above a key resistance line that had been in place since 2017. A similar breakout in 2017 preceded a substantial price rally for the asset.
"The last time XRP broke and sat above a 4-year resistance, it rallied 130x," the analyst stated, indicating a potential future target of $27.
In separate analysis, XRP's short-term holder Net Unrealized Profit/Loss (NUPL) metric has fallen to -0.20. This value suggests that a majority of current holders are experiencing losses, a condition that has historically coincided with the early stages of market reversals.
Significant XRP Transfer from Co-Founder's Wallet
Blockchain data tracked by CryptoQuant has revealed a substantial transaction originating from an address associated with Ripple co-founder Chris Larsen. Approximately 50 million XRP, valued at around $120 million, was moved from this address within a one-hour period. Analyst @JA_Maartun confirmed the transfer, noting,
"He’s cashing out. You’re holding the bag."
Significant outflows from the same address were also recorded during previous price peaks in 2018 and 2021. The specific reason for this latest transaction has not been disclosed. This movement occurs amidst heightened interest in XRP's price action and has prompted some traders to scrutinize insider activity more closely.