XRP News Today: XRP Eyes $4 as Whale Accumulation and Technicals Signal Bullish Turnaround

XRP (XRP) has shown resilience in recent trading sessions, with analysts highlighting renewed optimism about its potential to reach $4. Whale accumulation, technical indicators, and evolving market sentiment have positioned the asset at a critical juncture. The price remains above $3, supported by large holders who have increased their stakes despite a 50 billion XRP sale by Ripple co-founder Chris Larsen earlier this month. Santiment’s data reveals that entities holding 10 million–100 million XRP now control 8.31 billion tokens, a monthly high representing 14% of the circulating supply. This accumulation suggests whales are not selling but building positions, potentially creating a price floor to attract retail investors [1].

Technical analysis underscores the importance of key support levels. XRP’s recent pullback to $2.95—coinciding with monthly volume-weighted average price (VWAP) and rolling VWAP levels—wiped out 30% of open interest (1.3 billion contracts). Analyst Dom warns that a drop below $2.80 could invalidate the bullish structure, while CasiTrades emphasizes $3 as a critical support zone. If volume surges and the price breaks $3.30 resistance (aligned with the 50-period simple moving average), XRP could see “fresh highs quickly.” The first Wave 3 target, near $3.82, is identified as a 2.618 Fibonacci extension [1].

Elliott Wave analysis adds to the bullish narrative. Pseudonymous analyst XForceGlobal argues that XRP is entering the “most profitable phase” of its cycle—Wave ③—which could drive the price toward $4. This assessment is based on correctly labeled higher-degree waves (i)-(ii) and ①-②, with the current phase resembling a classic impulsive wave pattern [1]. Meanwhile, veteran trader Peter Brandt points to a “highly rare continuation compound fulcrum” pattern that could propel XRP to $4.47. Other analysts cite whale accumulation, strong technicals, and positive sentiment as drivers for a $4+ price target [1].

Market dynamics further support the narrative. The XRP Ledger has seen a surge in new wallet creation, peaking at 11,000 on July 18 and averaging 7,500 daily since. This growth aligns with XRP’s 30% gain against Bitcoin (BTC) in the past month, indicating growing demand. Additionally, $300 million in open interest and speculation around potential ETF exposure—though currently limited to futures—have heightened XRP’s speculative appeal [1].

Despite the optimism, caution persists. CoinDesk notes that XRP’s higher lows have yet to decisively break above $3.23 resistance, a level analysts will closely monitor. Brave New Coin’s more aggressive projection of $30 hinges on sustained bullish momentum, though such outcomes depend on broader market conditions. Investors are advised to track the $3.44–$3.23 range, as a breakout here could validate the $4–$5 targets cited by analysts like Zach Rector, who forecasts a surge to $4–$5 “any day now” and $7–$15 by September 7 [1].

The convergence of whale activity, technical patterns, and ETF-related speculation has created a compelling case for XRP’s next move. However, actual execution remains contingent on holding key support levels and attracting sustained buying pressure. As the market navigates this pivotal phase, stakeholders will watch closely for signals of a broader trend confirmation.

Sources:

[1] [XRP Price to $4 Next? ‘Most Profitable Phase’ Likely Here, Says Analyst](https://cointelegraph.com/news/xrp-price-4-dollars-next-most-profitable-phase-likely-here-analyst?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)