XRP News Today: XRP Rallies 20% as On-Chain Activity and Technical Signs Point to Potential $3.80 Breakout

XRP has surged by approximately 20% over the past week, drawing attention from traders as it approaches its historical high. On-chain data reveals significant movements, with two major transactions totaling 33.396 million XRP tokens—valued at around $108 million—transferred to Coinbase within 24 hours, according to Whale Alert [1]. This activity has sparked speculation over whether the inflows represent profit-taking by large holders or a strategic buildup ahead of a larger price move. Meanwhile, CryptoQuant’s data showed a rise in XRP deposits on centralized exchanges, reinforcing the idea that more tokens are entering trading platforms [1].

At the time of writing, XRP was trading at $3.25, reflecting a 2.5% increase over the past 24 hours, despite a 15% drop in trading volume compared to the previous session [1]. Technical analysis from AMBCrypto highlighted a breakout above a descending trendline on the daily chart and a bullish flag pattern on the 4-hour timeframe. The coin also appears to be forming an inverted head-and-shoulders pattern, although confirmation remains pending. If the pattern holds, a 15% price increase could push XRP to a new high of $3.80 [1].

Further bullish signals emerged from Bollinger Bands and the Relative Strength Index (RSI). XRP’s current position near the upper Bollinger Band suggests strong upward momentum, with a potential minor pullback expected before another upward leg. The RSI reading of 59 indicates that bulls still have room to drive prices higher [1]. CoinGlass data identified key liquidation levels at $3.134 and $3.334, with $170.01 million in long positions compared to $24.85 million in short positions [1]. This imbalance suggests that XRP bulls are currently dominating market sentiment and could extend the rally.

Despite the bullish signs, traders remain cautious as the rally nears a critical juncture. The $3.80 level is seen as a major target, but a cooldown or consolidation phase is also being considered. While analysts have not provided direct price forecasts in this context, the combination of on-chain activity, technical patterns, and order-book dynamics indicates a high-stakes battle is forming in the $3.25–$3.35 range. Traders are advised to closely monitor these key levels as the market moves toward the next phase of the XRP rally [1].

Source:

[1] XRP bulls eye $3.80 breakout after 20% rally – Traders, watch THESE levels! (https://ambcrypto.com/xrp-bulls-eye-3-80-breakout-after-20-rally-traders-watch-these-levels/)