XRP may be on the verge of a significant breakout, as on-chain activity and technical indicators converge to paint a bullish picture. A recent $1.7 million outflow of XRP from Binance hot wallets suggests that long-term holders are pulling tokens off exchanges—often a sign of growing investor confidence and reduced short-term sell pressure.
Higher Lows Point to Changing Market Sentiment
Analysts note that XRP’s chart is forming a classic “higher low” structure. In simple terms, buyers are stepping in earlier and defending higher prices—a strong indication of shifting momentum. Market analyst Lingrid points out that a decisive move above $2.30 could unlock the next leg toward $2.60 and beyond, as price compresses within a symmetrical triangle and falling wedge—both traditionally bullish patterns.
If XRP continues this pattern of higher lows and breaks above the key resistance zone between $2.30 and $2.36, it could ignite a rally toward the $3–$5 range. That potential upside isn’t just speculative; it reflects whale accumulation and institutional interest building quietly behind the scenes.
On-Chain and Derivatives Signals Align
Recent data reveals whales (holders of 1M–10M XRP) now control nearly 10% of the total supply—up 65% since late 2024. Meanwhile, XRP derivatives show rising open interest, despite lackluster spot volume. This divergence often precedes explosive moves, as traders position themselves ahead of key breakouts.
XRP is also seeing surging adoption in South Korea, with Upbit alone handling over $95 million in daily XRP volume. The growing global interest, combined with a tightening liquid supply, sets the stage for increased volatility and trend formation.
Breakout Window and Key Levels to Watch
Technical compression—visible in narrowing Bollinger Bands and a multi-month symmetrical triangle—suggests a breakout could occur between early July and mid-September. A close above $2.30 would be the confirmation signal many bulls are waiting for.
Levels to watch:
- Breakout target zone: $2.60 to $2.72
- Mid-term rally range: $3.00 to $3.40
- Long-shot momentum zone: $5 and above
- Support to maintain trend: $2.03 to $2.10
If XRP fails to hold support and slips under $2.00, a correction toward $1.70–$1.90 becomes more likely.
Final Thought
With accumulation underway and key technical structures tightening, XRP may soon decide its next major move. Whether you’re trading short-term volatility or positioning for long-term gains, keep a close eye on the $2.30 zone—this could be the pivot point that defines XRP’s 2025 trajectory.
This article is for informational purposes only and does not constitute investment advice.
