XRP Price Prediction: Whale Buying Could Trigger $3 Surge

Amid ongoing market volatility, XRP price continues to hold firm above a key trendline, signaling possible bullish momentum. Despite a recent consolidation phase, large investors — commonly referred to as whales — have intensified their XRP accumulation, which could drive the token to the $3 mark.

XRP has been confined in a narrow trading zone, fluctuating slightly above the $2 support level. This pattern has persisted for over a week, following a broader crypto market bounce. Technical analysis now suggests a potential rally, supported by steady whale activity and diminishing exchange reserves.

Whales Resume Strong XRP Buying

From April 14 onward, XRP’s price has been ranging between $2.03 and $2.13. Over this period, the daily Relative Strength Index (RSI) has hovered near 49 — a neutral territory indicating a lack of market direction. While this might suggest indecision, behind the scenes, large investors are actively buying the dip.

Significant whale accumulation was noted when XRP dipped to $1.61, as shown by on-chain data. In fact, XRP addresses holding between 10 million and 100 million coins have seen a sharp uptick since the beginning of April, per Santiment data. Meanwhile, addresses with more than 1 billion XRP have also increased, holding 39.4% of total supply — up from 37.7% in late March.

This accumulation reflects whale confidence in XRP’s long-term potential, even as macroeconomic uncertainties loom large.

Related: Coinbase Derivatives lists XRP futures

Aside from new whale positions, XRP’s exchange supply has seen a significant drop. From a high of 3.27 billion XRP in November 2024, the current reserve stands at approximately 2.7 billion. In the last 30 days alone, this metric declined by 10% — a drop that occurred even amid turbulent market conditions earlier this April.

Could XRP Break Past $3?

The price action between April 7 and April 22 has led to the formation of a potential bull flag pattern on the XRP/USD daily chart. Currently, the token is challenging the upper boundary of this pattern at around $2.10. Although the price has been rejected at this level multiple times recently, continued retests with accompanying buying pressure suggest that a breakout may be near.

If XRP secures a daily close above the flag’s resistance and strong trading volume backs the move, the projection points to a rally toward $2.93 — close to the psychological $3 level.

Several prominent crypto analysts share this optimistic outlook. For example, trader Dark Defender noted on the weekly chart that XRP is holding above a crucial resistance zone. Should this region be breached, it may pave the way for a move into Wave 5 territory — potentially aiming for $4.

“The XRP is bullish, and the crypto is more bullish than ever before.”

Key support and resistance levels to watch include $2.22 and $2.75 on the upside, and $1.80 and $1.61 on the downside. Another analyst, CasiTrades, remains cautious, suggesting that XRP may revisit areas around $1.90 or even $1.55 before launching into a full breakout.

Earlier reports from Cointelegraph also pointed to bullish technical formations such as the Wyckoff reaccumulation phase and falling wedge pattern — both of which target levels beyond $3.50.

Related: $2.3 Trillion Liquidity Shock: Franklin Templeton Says XRP Is Next in Line for Massive Inflows

Disclaimer: This article is not financial advice. All investments and trading actions involve risk. Readers should conduct their own research before making decisions.