XRP is gaining a trend on technical charts. Whale activity increases, and analysts start seeking prices up to $24.
In the early hours of Monday morning, XRP is trading around $3.22, up more than 4.5 per cent in the last 24 hours, with a steady buying pressure that is above important levels of support.
XRP Prints Higher Lows, Eyes Breakout
Over the last several days, XRP has formed a pattern of higher lows–a traditional sign of continued bullishness. Price action is currently at the door to $3.23 Resistance, and is backed by strong volume. Based on TradingView analysts, the next step upwards could start when XRP is able to confirm a daily close over this area.
Key resistance zones and zones of support:
- Resistance: $3.23, $3.45, $4.20
- Support: $2.95, $2.65, $2.30
Analysts claim that this bullish pattern is “textbook,” and some indicators suggest that the market could be prepping for the possibility of a multiple-week breakout.
Bullish Cross Flashes: Analysts See $7, $9, and Even $24
The strongest sign of momentum comes from a positive cross appearing on XRP’s long-term technical charts. This pattern typically precedes major run-ups in previous cycles of crypto. Analysts from TradingView point to this pattern and suggest two short-term targets:
- $7.15 by the beginning of September
- $9.00 to be the next macro-target
But that’s not the end of the story. Based on AInvest along with NewsBTC, $15 and even $24 are being considered as possible upper bounds, in the event that market conditions continue to be in line with previous cycles.
“This isn’t a flashy flurry. The technicals are lining up with fundamentals, and money is piling up quickly,” one analyst noted.
Whale Wallets Trigger New Wave of Speculation
The main reason for this is reports that wallets tied to the co-founders of Ripple were able to transfer millions of XRP in July, signalling the end of a long period of dormancy. Some see this as an indication of a positive unlock that could lead to greater interest in retail and capital flows into the XRP Ledger.
Highlights from the July whale activity:
- More than 70 million XRP were transferred across Ripple-linked wallets
- The patterns of wallets indicate the need for strategic realignment, not panic selling
- Correlates with the increase in the volume of transactions
Why $3.23 Matters Right Now
The $3.23 mark isn’t an unintentional mark, but rather the erecting of a psychological hurdle as well as a technical barrier, going back to XRP’s previous 2021 highest levels. If it is broken and held above this level could open the way for the possibility of a rapid rise to $3.50 as well as $4.00 in the coming weeks.
A decisive break above:
- Confirms macro uptrend
- Validates bullish cross signal
- Opens the way for institutions to apply
What Comes Next for XRP?
With multiple bullish catalysts now converging–technical breakouts, bullish crossovers, whale movements, and rising Volume–XRP may be on the verge of its most important rally since its SEC settlement in 2023.
XRP Short-Term Outlook:
- Bullish scenario: $3.50 – $4.20 – $7.15 (early September)
- Zone of bearish pullback: $2.95 to $2.65
📊 Current Price: ~$3.22
📈 24h Change: +4.5%
💰 Market Cap: ~$177B
📦 volume (24h): $3.8B
