XRP Bulls Charge as Whale Wallets Swell—Is This the Breakout Traders Crave?
XRP’s price chart flashes a textbook bullish pattern just as blockchain sleuths spot whales gobbling up tokens. The timing? Suspiciously convenient for a crypto that’s spent years playing courtroom ping-pong with regulators.
Whale alert: On-chain data shows seven-figure XRP purchases stacking up—classic ’buy the rumor’ behavior before SEC lawsuits get downgraded to slapfights.
Technical setup: That ascending triangle formation suggests a 20% pump if resistance cracks. Of course, in crypto-land, ’if’ does more heavy lifting than a Bitcoin miner’s cooling system.
The kicker? Watch the $0.55 level. Break that, and suddenly every hedge fund intern starts pitching ’the next PayPal of blockchain’ to their boss over cold brew.
XRP whale activity | Source: Santiment
XRP price technical analysis
The daily chart shows that xrp price is wavering and has retested the 50-day Exponential Moving Average at $2.2850. It has formed an inverse head and shoulders pattern, with the neckline at $2.5812.
The coin has already completed the formation of the head and shoulders structure and only needs to MOVE above the neckline.
A move above the neckline at $2.5812 will point to more gains, potentially to the year-to-date high of $3.40, up by 45% from the current level. A drop below the psychological point at $2 will invalidate the bullish outlook.
