Key Takeaways
- •XRP price climbed nearly 7% from the $2.70 floor after Monday’s dip.
- •Whales scooped up 30 million XRP, signaling conviction in higher prices.
- •Analysts are watching bullish structures that hint at a $4–$5 breakout range.
Market Rebound Sets the Tone
The rebound from $2.70 has steadied XRP near $2.84, turning attention back toward resistance zones around $3. Traders note that holding above $2.70 could pave the way for further gains, potentially clearing the path to $4.
Technical Outlook Turns Bullish
Chart watchers highlight multiple bullish formations, including a symmetrical triangle consolidation and a potential bull flag. A break above $3 could trigger a measured rally toward $4.08.
Trader CasiTrades emphasized a double-bottom near $2.70, describing it as a solid Wave 2 pattern. Meanwhile, CryptoBull suggested that if the bull flag confirms, XRP could even target $5 by October. Key hurdles remain at $3.40 and $3.66 before a larger breakout can unfold.
Whales Quietly Accumulate
On-chain data reveals heavy accumulation during the rebound. Santiment reported that wallets holding 1–10 million XRP absorbed 30 million tokens this week, now controlling 11% of supply.
This trend signals whale confidence, reduces selling pressure, and may encourage retail investors to join in, amplifying momentum. Glassnode data further supports the shift, showing net holder positions turning positive in late August.
Growing Holder Sentiment
Confidence is returning across the community. Long-time supporter Harry Harald predicts a march toward $4, reigniting enthusiasm after XRP’s recent 25% correction from $3.66 highs.
Analyst Ali Martinez flagged a TD Sequential buy signal on the four-hour chart, historically reliable at ending downtrends. Legal expert Bill Morgan added that three of the last four such signals since 2022 preceded strong rallies, adding weight to the bullish setup.
ETF Speculation Adds Fuel
Whispers of an XRP ETF are giving bulls another reason to cheer. Reports suggest the SEC could review an application next month. Approval could unlock institutional inflows, boosting liquidity and long-term stability.
Still, prediction markets remain cautious: Polymarket traders now give XRP only a 30% chance of hitting $4 this year, down from 53% the week before. Kalshi traders estimate a 34% chance of a breakout above $4 and just 17% odds of reaching $5.
Q4 Outlook
Heading into the final quarter, the roadmap is clear. Holding $2.70 support and breaking $3 could set up a run to $4–$4.40. A failure to maintain $2.70, however, risks a retrace toward $2.58.
Traders will be watching the $3 level closely—it could decide whether XRP ends the year with another major rally or slips back into consolidation.