XRP demonstrates resilient growth as it retests the $2 range, buoyed by strong buyer defense. Analysts suggest that a sharp rise of 16% could be on the horizon, fueled by a sudden surge in trading volume and renewed interest from institutional players. The technical outlook indicates that the contracting price range may lead to a significant breakout.
Whale Accumulation and ETF Inflows Ease Price Pressure
After retracting to the $2 support line, XRP rebounded above $2.08, signaling a recovery. This upward movement corresponded with a 77.5% increase in daily trading volume. Unlike major cryptocurrencies like Bitcoin, Ethereum, and Solana, whose volumes dipped, XRP’s contrary movement indicates heightened interest from institutional investors. Analysts suggest that this situation often reflects a quiet accumulation phase by “whales,” or large investors.
The US-based Bitnomial’s CFTC approval to offer an XRP/USD spot contract has enhanced XRP’s appeal in regulated markets. Additionally, inflows into spot XRP ETFs nearly reached $900 million, showcasing steady demand growth. After Ripple moved 250 million XRP to an undisclosed wallet, exchange balances dropped by 2.51%, underlining a supply decline as investors opt for accumulation over selling.
Technical Compression Highlights $2.45 Target
Crypto analyst Ali Martinez observes that XRP is trading within a symmetrical triangle pattern, with volatility narrowing. Over the past week, the price range has tightened between $2.03 and $2.18, suggesting a potential sharp directional shift. According to Martinez, if the price breaks above the triangle’s upper boundary, it could rise to the $2.40–$2.45 range.
Besides technical indicators, investor behavior also supports an upward breakout. The combination of ETF inflows, decreasing exchange supply, and whale accumulation signals that XRP might regain strength in the market. However, analysts caution that if the price dips below $2.02, it could fall back to the $1.85–$1.90 range.