XRP News Today: XRP Price Surges 1.6% Amid Bullish Indicators

Over $1.7 million worth of XRP has exited Binance, signaling a potential bullish trend for the cryptocurrency. This movement is often interpreted as a bullish indicator because it suggests that investors are transferring their tokens to cold storage for long-term holding, thereby reducing sell pressure and setting the stage for a potential price increase due to decreased supply and increased confidence.

Market analyst Lingrid noted that the price of XRP is compressing within a narrowing structure, which hints at a potential bullish squeeze back into the $2.30–$2.35 target zone. This pattern is supported by multiple triangle breakouts in the past, indicating a behavior of breakout-continuation. A strong reclaim above $2.20 would confirm that the next leg up is underway. At the time of this writing, XRP was up by 1.6% to trade at $2.21, and it will need to hold the critical support zone of $2.20 to boost its chances of experiencing a notable leg up.

Lingrid also pointed out that XRP is forming a higher low above the support band following a volatile consolidation period after the descending triangle breakdown. This higher low formation reflects a shift in market psychology, with buyers defending higher prices, whales accumulating, and institutions injecting capital. If XRP breaks and stays above the critical $2.30–$2.36 range, it could embark on a strong upward trend toward the $3–$5 zone, marking a bullish chapter in its 2025 trajectory. In technical analysis, a higher low shows that buyers are stepping in earlier than before, indicating heightened demand or confidence. Therefore, if XRP forms a series of higher lows and higher highs, an uptrend will be in the offing.

XRP has spent the past several months locked in a tight price and volume compression, a classic precursor to a major breakout. XRP has formed a well-defined symmetrical triangle extending about 334 days, squeezing price between ~$2.00 and ~$2.40. Concurrently, a falling wedge has emerged near the same range, a bullish configuration when paired with compression. Typically, such patterns resolve within 75–95% of their duration—placing the breakout window between early July and mid-September 2025.

Daily Bollinger Bands have narrowed sharply, reflecting compressed volatility. When volume withers and bands tighten, the ensuing breakout is often sharp—either upward or downward—depending on directional bias. Despite lower trading volume, swaps like XRP derivatives and options are showing increased open interest, signaling traders building positions for a move. Spot data reveals whales accumulating; nearly 9.9% of total supply is now held in 1M–10M XRP addresses—a 65% increase since late 2024. Importantly, XRP outflows from exchanges have spiked, often a bullish harbinger.

Key levels to watch at breakout points include resistance at $2.30–$2.40. A decisive daily close above $2.30 would exit both triangle and wedge patterns, unlocking the rally zone. Initial upside targets post-breakout are $2.60–$2.72, followed by $3.00–$3.40, capped by the January multi-year high. If momentum accelerates, models suggest moves from $5–$17—even $27. Support at $2.03–$2.10 holds pattern validity; a drop below risks a pullback toward $1.70–$1.90.

XRP’s price and volume compression is not random; it’s a textbook setup for a major breakout. With technicals aligning, whales stacking, and catalysts brewing, the next few weeks could mark the beginning of a powerful trend. Should XRP decisively close and hold above $2.30–$2.40, then a bull run will be imminent for the cryptocurrency with a holding trend already gaining steam.