- XRP’s bullish crossover signals mirror historic setups that preceded massive rallies
- Whale wallets added 410M XRP in two weeks, signaling growing long-term conviction
- Thin liquidity from $3.20 to $3.80 could allow rapid price spike with minimal resistance
XRP is showing signs of a powerful bullish setup as analysts highlight technical crossovers, whale activity, and thin liquidity zones. With the token as of press time trading around $3.20, XRP has gained over 2.6% in the last 24 hours, despite a 7.2% dip earlier in the week.
The stage appears set for a potential price explosion in the coming weeks, driven by a mix of historical patterns, accumulation by large holders, and favorable technical indicators. If conditions align, the next key resistance between $3.80 and $4.00 could be tested very soon.
Long-Term Bullish Indicators: 21 EMA and 55 SMA Cross
EGRAG CRYPTO, a respected market analyst, points to a recurring bullish crossover between the 21 EMA and 55 SMA on the weekly chart. In past cycles, these signals preceded major rallies. In 2017, this crossover triggered a 40,000% move. The 2020 cycle saw a more modest 750% gain. Now, after the October 2024 crossover, XRP has already surged about 560%.
Based on historical behavior, even a 10% repetition of the 2017 run could launch XRP by 4,000%. If it mirrors double the 2020 strength, it could climb by 1,500%.
These figures suggest price levels far beyond $9, with possible extensions toward $24 in a parabolic scenario. While speculative, these projections are grounded in technical patterns observed across multiple market cycles.
<embed>https://x.com/egragcrypto/status/1949024039017566569</embed>
Short-Term Surge Incoming? Eyes on the $3.80–$4.00 Zone
According to analyst xoom, XRP is consolidating above the $3.00 support level and forming a strong bullish structure on the 4-hour chart. The Volume Profile heatmap reveals low liquidity between $3.20 and $3.80. This thin order book could allow XRP to spike rapidly if buyers regain control.
Once XRP breaks above $3.35–$3.40 with volume support, a swift run toward the $3.80 resistance is likely. Bulls may only need moderate momentum to push through this range, especially if Bitcoin stays stable. A move into the $3.80–$4.00 zone could occur within two weeks, driven by technical strength and market sentiment.
Whale Accumulation Fuels Confidence
Ali Martinez reports significant whale activity over the past two weeks. Wallets holding 10 million to 100 million XRP increased their balances by 410 million coins. On July 25 alone, whales scooped up 130 million XRP during a price dip.
Source: X
This steady accumulation shows growing confidence among large holders. Their activity has helped stabilize price pullbacks and is likely to support upward pressure moving forward. If this trend continues, it could add fuel to the fire for XRP’s next breakout.
