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Ripple’s XRP Flashes Bullish Signal—But $3 Hinges on This Make-or-Break Factor

Ripple’s XRP Flashes Bullish Signal—But $3 Hinges on This Make-or-Break Factor

Author:
Ambcrypto
Published:
2025-04-24 16:00:32
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XRP charts are painting a classic bullish pattern, sparking trader optimism. Yet the road to $3 isn’t just about technicals—it’s a high-stakes game of regulatory chess and market sentiment.

Key hurdles? Liquidity gaps, whale movements, and the SEC’s lingering shadow. Because in crypto, even the prettiest chart can get wrecked by a single tweet from a guy who probably owns a pet rock NFT.

XRP technical structure retest keeps bulls in control

XRP recently completed an inverse head-and-shoulders pattern, briefly breaking above the $2.2395 neckline, a strong reversal signal.

At press time, XRP was trading at $2.14, reflecting a 5.06% intraday decline.

This drop appears to be a healthy retest, not a failed breakout, as the pattern remains intact. The presence of consistent bullish candles during the breakout indicates underlying strength.

If buyers regain momentum and push the price above $2.2395, the next targets could be $2.6272 and potentially $3.00—a key psychological level likely to attract additional demand.

XRP price action

Source: TradingView

Whale flows and exchange reserves show controlled supply pressure

Whale-to-exchange flows recorded a mild increase of 1.07%, reaching 3.445K XRP, hinting at modest profit-taking after recent gains. However, this short-term move does not negate the broader trend. 

Exchange reserves fell by 2.13%, dropping to $6.1 billion, which often signals reduced sell pressure from large holders.

When whales move assets off exchanges, it generally reflects a strategy to hold rather than sell. 

Source: CryptoQuant

Therefore, the net impact points to accumulation rather than liquidation.

This dynamic offers the bulls a cushion, as the reduced supply on exchanges limits immediate downside risk while supporting any upward momentum that follows.

On-chain utility and derivatives align with bullish expectations

User engagement on the XRP Ledger continues to grow, as the DEX buy/sell ratio has risen by 0.71% to 1.71. This indicates that more XRP is being used to acquire other assets on the XRPL.

The shift highlights confidence in XRP’s utility beyond mere speculation, driving network demand and strengthening its value proposition.

Such activity fosters a healthier environment for the asset’s sustained growth over time.

Source: CryptoQuant

 Additionally, the derivatives market is signaling further conviction, with the OI-weighted funding rate flipping positive to 0.0095%.

A positive rate indicates that traders are willing to pay to maintain long positions, further supporting the broader bullish outlook.

Can XRP reclaim $2.2395 and push toward $3.00?

All major indicators—sentiment, technical patterns, whale activity, and trader positioning—are aligned in favor of continuation.

The price may currently sit below the neckline, but structural and behavioral signals suggest this is a controlled retest rather than trend failure. 

Therefore, XRP is expected to reclaim $2.2395 and push higher toward $2.6272. If momentum holds, a breakout to $3.00 is not only possible but increasingly probable.

 

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