XRP News Today: XRP Nears Breakout Amid Accumulation and Triangle Formation

XRP has spent over eight months in a sideways consolidation phase, but growing signs suggest the asset is approaching a potential breakout. Traders and analysts are closely monitoring the market, with key indicators pointing toward renewed momentum. Recent price action showed sharp intraday volatility, with XRP dropping to $3.04 before recovering to approximately $3.08 [1]. This fluctuation occurred amid broader market selloffs, which led to over $1 billion in liquidations across the crypto sector. Trading volume for XRP surged to $11.1 billion in the morning session, before falling to $7.56 billion later in the day, with a peak hourly volume of 436.98 million XRP recorded during the steepest part of the decline [1].

Large wallet accumulation has also fueled speculation about an impending rally. On-chain data revealed that major holders purchased approximately 320 million XRP in the past three days, valued at around $1 billion at current prices [1]. Analysts suggest such inflows can reduce short-term selling pressure and influence broader market behavior. Crypto King, a prominent analyst, stated that XRP has moved beyond earlier accumulation phases and is now entering an expansion stage, with a price target of $7.00 for this cycle [1].

Technically, XRP is forming a symmetrical triangle on the 4-hour chart, a pattern often associated with breakouts. The structure has been reinforced by a retest of a former resistance level now acting as support [1]. CryptoBull, a crypto analyst, noted that this development supports the case for a bullish breakout. The pattern’s integrity has not been invalidated, and traders are watching closely for a decisive move above $3.33, a critical resistance level. If successful, the price could surge toward $4.39 or even $5.85 [4].

Despite positive technical and on-chain signals, derivatives data show a decline in speculative demand. XRP futures trading volume dropped by 48.87% to $8.57 billion, and open interest fell slightly to $7.88 billion [1]. Options trading saw an even sharper decline, with volume falling by over 81% and open interest dropping by nearly 90% [1]. While these figures suggest reduced speculative fervor, top traders on Binance hold more than three times as many long positions as short ones, indicating continued bullish positioning [1].

However, not all forecasts are optimistic. Analyst Tony Severino, known for his Bitcoin expertise, has warned that XRP’s price action mirrors historical peaks seen in 2017 and 2021, raising concerns about an impending correction [1]. EGRAG, another analyst, outlined two possible outcomes if XRP reaches a peak: one predicting a surge to $27 followed by a 97% drop to $0.80, and another forecasting a more moderate high of $9 before an 85% decline to $1.30 [1]. These projections underscore the uncertainty and potential volatility in the near-term outlook.

The broader market sentiment among veteran traders is growing cautious. Some analysts, like Patrick Riley, remain bullish and project XRP reaching $22 in the current cycle [5], while others emphasize the need for disciplined risk management. Market participants are now focused on the coming weeks to determine whether the consolidation phase will give way to a sustained rally or a sharp reversal. At press time, XRP remained near its key support zone, and investors are advised to monitor the next price movement for confirmation of the anticipated breakout [1].

Sources:

[1] Times, [https://timestabloid.com/veteran-trader-to-xrp-holders-the-end-is-near/](https://timestabloid.com/veteran-trader-to-xrp-holders-the-end-is-near/)

[4] CoinEdition, [https://cryptorank.io/news/feed/477e9-xrp-price-analysis-3-33-resistance-breakout](https://cryptorank.io/news/feed/477e9-xrp-price-analysis-3-33-resistance-breakout)

[5] Cryptonews, [https://cryptonews.com/news/xrp-price-prediction-veteran-analyst-declares-xrp-a-must-buy-charts-point-to-explosive-upside/](https://cryptonews.com/news/xrp-price-prediction-veteran-analyst-declares-xrp-a-must-buy-charts-point-to-explosive-upside/)