Is XRP Price Gearing Up for a Major Rally?

The post Is XRP Price Gearing Up for a Major Rally? appeared first on Coinpedia Fintech News

XRP is holding steady around $2.19, showing resilience despite a minor 0.3% weekly dip. This stability might be the calm before a major price surge. On lower timeframes, XRP continues to form bullish price structures with higher highs and higher lows, keeping traders on alert. While a decisive breakout hasn’t occurred yet, several key signals suggest growing upside momentum.

Technical Levels to Watch

Crypto analyst Fabio Zuccara has identified a symmetrical triangle pattern on the XRP chart—often a precursor to sharp price moves. The token currently trades just above its 20-day Simple Moving Average (SMA) at $2.167, while facing resistance at the 50-day Exponential Moving Average (EMA) near $2.208.

A breakout above the EMA resistance could push XRP toward $2.27, $2.33, and possibly beyond $2.50. However, failure to break out might lead to a retest of support at $2.068 or even $1.993.

Whale Accumulation Suggests Confidence

On-chain data indicates strong institutional interest. Over 200 million XRP were added last week to wallets holding between 10 million and 100 million tokens. A notable whale transaction involved 29.5 million XRP (worth over $64 million) moved to Coinbase.

Sasha Varela, senior analyst at ChainWave Metrics, stated,

“This volume is not retail-driven. It reflects informed buyers anticipating a significant price movement.”

XRP ETF Speculation Fuels Market Optimism

Speculation around a potential ProShares XRP spot ETF is intensifying. Analysts currently estimate an 80% probability of approval. 

Linda Moh, ETF strategist at WaveX Funds said : 

“ETF anticipation alone can drive FOMO-led rallies,” especially when combined with technical strength and whale accumulation.

An ETF approval would mark a significant regulatory milestone for Ripple and the broader altcoin market.

Also Read :   XRP News: Ripple Blamed for XRP Price Stagnation, but Legal Expert Calls It a Myth   ,

Long-Term XRP Price Prediction

Source: Dark Defender X Post

Crypto analyst Dark Defender believes XRP is in the final phase of a fifth wave Elliott structure, expecting a move toward $3, followed by potential targets at $4.40 and $6.30, as long as XRP stays above $2.00. Immediate key support lies at $1.88.With bullish technical patterns, rising institutional interest, and ETF optimism aligning, all eyes are now on whether XRP can break above the $2.208 resistance. The next move could define XRP’s momentum for the weeks ahead.