What to Know:
- XRP has broken out of a multi-year symmetrical triangle, suggesting a potential long-term price increase.
- On-chain data reveals whale accumulation of XRP, contrasting with retail investors selling at a loss.
- Technical analysis points to potential Fibonacci extension targets of $8, $13, and $27 for XRP.
XRP is showing signs of a significant shift in its long-term price structure, capturing the attention of traders and investors alike. The cryptocurrency has broken out of a multi-year pattern, signaling a potential bullish trend. This movement is supported by both technical analysis and on-chain data, suggesting a possible surge in value.
Chart analysis indicates that XRP has broken out of a multi-year symmetrical triangle and is holding the 3-month 10 EMA as support. Price is currently positioned at the upper boundary of the Gaussian Channel, a level often associated with trend confirmation. Fibonacci extension levels place potential price targets at $8, $13, and $27.
$XRP is going to melt faces..
Symmetrical Triangle Breakout ✅
3-Month 10 EMA Retest ✅
Gaussian Channel Upper Regression ✅
Stop, Entry, Target Formation ✅
FIB Extension Replication ✅FIB Targets = $8 > $13 > $27 🎯 #NFA pic.twitter.com/lACppv9ivk
— 📊 ChartNerd 📈 (@ChartNerdTA) October 21, 2025
Despite the positive outlook, short-term volatility remains a factor, with Bitcoin’s movements potentially influencing XRP’s price. On-chain data shows a divergence between retail and whale activity, with smaller holders selling at a loss while larger wallets accumulate XRP. This could indicate a strategic positioning by larger players in anticipation of future gains.
In conclusion, XRP’s recent breakout and whale accumulation suggest a potentially bullish future, though short-term volatility should still be considered. Investors and traders should monitor key support levels and Bitcoin’s movements to gauge potential entry and exit points. As the market evolves, XRP’s performance will likely be influenced by broader crypto trends, regulatory developments, and the adoption of Ripple’s technologies.
Source: Original article
