XRP Primed for Breakout as Whale Flows and Chart Signals Converge

XRP Primed for Breakout as Whale Flows and Chart Signals Converge

Ripple’s XRP is flashing bullish signals once again, with on-chain whale activity and a technical pattern pointing toward a potential 75% surge.

XRP Gains 6.5% Amid Legal Resolution

XRP climbed to $2.20 on June 28, up 6.5% in 24 hours, after Ripple Labs announced it would drop its cross-appeal against the U.S. Securities and Exchange Commission (SEC), sparking renewed investor optimism.

The move appears to mark the end of a protracted legal chapter, giving traders room to focus on price momentum and technical signals.

Symmetrical Triangle Signals 75% Upside Potential

A textbook symmetrical triangle pattern has formed on the daily chart since XRP peaked near $3.40 in February. This formation, defined by narrowing trendlines, is typically a continuation pattern.

XRP is now testing the triangle’s upper boundary around $2.20, with the 50-day exponential moving average also acting as resistance.

A breakout above this level could propel XRP to around $3.81, representing a 75% upside from current levels—possibly by July, if the pattern plays out.

Whale Inflows Return, Echoing 2024’s 420% Surge

Data from CryptoQuant shows XRP’s 90-day moving average whale flows turned positive in May, ending a multi-month distribution cycle.

This shift mirrors accumulation seen in August 2024, which preceded a 420% rally in the fourth quarter. Notably, current inflows exceed those of last year, suggesting whales are positioning for another significant move.

If history repeats, XRP could reach new highs by late 2025.

$2.34–$2.40 Range Emerges as Critical Battle Zone

A Binance liquidation heatmap reveals a concentration of over $525 million in potential liquidations within the $2.34–$2.40 price range.

This area is now a key resistance level. XRP neared $2.34 in June before facing rejection. A strong breakout could trigger a short squeeze, forcing liquidations and propelling the price higher.