XRP Drops 2.13% Amid Bullish Breakout Anticipation

XRP's latest price was $2.12, down 2.13% in the last 24 hours. The cryptocurrency is currently in a critical phase, with its price action coiling tightly around a specific level, indicating compressed volatility. Analysts are closely monitoring XRP's potential breakout, which could push its price toward $3.30 or higher. This high-pressure zone is formed by a combination of trend lines, moving averages, and chart structures, creating a decision point where buyers and sellers are vying for control.

XRP's price activity has been compressing near the Fibonacci 61.80% retracement level, intersecting with a resistance trendline. This setup leads into a cup-shaped pattern, a technical formation often linked to bullish continuation. According to Dark Defender, XRP is showing a well-developed cup structure curving up from the $2.07 low and now nearing the neckline at $2.26. The exponential moving averages are now converging within a narrow band, with the 50, 100, and 200 EMAs all clustered between $2.20 and $2.25. This clustering of EMAs is typically seen when markets prepare for an explosive move. The analyst also pointed out that the Ichimoku Cloud is adding pressure from above, with XRP attempting to push through the cloud’s resistance.

Moreover, the intersection of these layers — the Fibonacci zone, resistance trendline, and cup structure — creates what Dark Defender has labeled a “tension zone.” The projection points toward $3.30 if volume spikes align with a confirmed breakout. XRP is now holding above a former downtrend, with recent structure changes indicating possible mid-term upside continuation. The recent bullish pattern breakout has increased traders’ interest, especially with price activity stabilizing near prior accumulation levels.

Solberg Invest has presented a comparative analysis of XRP’s trend structure post-breakout. He stated that XRP broke a persistent descending trendline from February highs and is now consolidating around $2.15. Solberg Invest emphasized the importance of the $1.85–$2.00 support range, which has absorbed multiple sell attempts. The analyst also pointed to a developing W-pattern with a second low that formed a higher base. This suggests strengthening demand and fading bearish pressure. XRP’s short-term path targets $2.80, with further resistance near $3.20 and a mid-term trajectory leading to $4.50.

Analysts on X are leaning bullish, citing multiple confluences that reinforce current price optimism. Many are calling this a technical coil that could erupt if volume confirms the structure. The projected targets range from $2.80 to $4.50, contingent on XRP maintaining support. Solberg Invest believes XRP will remain in an upward channel if it stays above $2.00. Meanwhile, Dark Defender has forecasted a move toward $3.61 and possibly $4.50 in the short term. XRP, now trading near $2.25, is in focus for traders watching for decisive market action.

Positive approval outlooks for these assets may affect their valuation, potentially leading to increased trading activity and institutional allocations. Historical patterns suggest that this prediction might stimulate market growth, similar to previous ETF approval speculations. While specific financial data remains sparse, analyst endorsements suggest a pivot toward increased institutional interest. Broader adoption of these cryptocurrencies is anticipated, driven by regulatory expectations and potential market entry through ETFs. Such forecasts have previously resulted in substantial financial markets shifts. They create opportunities for diversification of institutional portfolios. Increased approval likelihood for XRP and other major assets may lead to a significant rise in global crypto investment strategies.

On-chain analyst Xaif has sparked renewed attention within the XRP community following the detection of a massive internal transfer on Coinbase. A total of 26,671,734 XRP was moved from Coinbase’s cold wallet to its institutional wallet, signaling a major shift in liquidity preparation. This move, far from being routine, suggests that Coinbase is preparing for a surge in institutional trading activity—an insight that has the XRP Army watching closely. Unlike typical outflows to exchanges that often precede sell-offs, this transfer occurred internally within Coinbase’s ecosystem. The XRP was moved from a cold storage address to wallet DT:1, which is widely associated with Coinbase Institutional—an arm that services high-net-worth clients, OTC desks, and institutional funds. These wallets are not used for day-to-day retail transactions but for facilitating large-scale settlements and trades. The nature and direction of this move imply one thing: Coinbase is gearing up for significant trading volume, potentially from large institutional clients. It also reflects growing confidence in XRP as a viable liquidity asset, especially as more institutional actors enter the digital asset space. This isn’t just a move — it’s Coinbase gearing up for surging trading demand.