XRP is currently at a crucial point as it consolidates within a symmetrical triangle on the daily chart. The price action is compressing, and whale accumulation is strengthening, indicating a potential bullish outlook. If XRP manages to break out above its descending resistance, it could spark a rally towards significant price targets, with $3.40 being a key level to watch.
The lower support zone for XRP is around $2.00-$2.11, which has historically been a strong level of support. As the cryptocurrency approaches this key level with declining volatility, bulls may be gearing up for a potential rebound. In terms of price targets, if XRP can break decisively above the descending resistance trendline, the next immediate targets are at $2.60, $2.84, $3.00, $3.21, and eventually $3.40. These levels align with Fibonacci retracement zones and past price action clusters.
On-chain data from Santiment indicates that large holders of XRP, particularly wallets holding 1,000-10,000,000 XRP, have been steadily accumulating their holdings throughout Q1 2025. This strategic accumulation during pullbacks suggests growing confidence among high-conviction holders, which historically precedes major price movements. Whale behavior is a key indicator to watch for potential price movements in XRP.
Overall, XRP’s price structure and whale behavior suggest that the cryptocurrency is poised for a breakout. Traders and investors should closely monitor the $2.00 support zone and volume expansion to confirm the directional bias. A clean break above the symmetrical triangle resistance could lead to a significant rally towards $3+ territory. Keep an eye on XRP as it navigates this pivotal point in its price action.
