XRP Consolidates after $2B LTH Profit-Taking, Eyes Q4 Breakout
XRP price has been consolidating following a July pullback driven by long-term holders realizing about $2 billion in gains, including a single-day spike of $375 million. On-chain metrics show realized gains peaked around the $3.55 cost basis before dipping, while a validated bounce at $3.00 indicates a support flip. Historically, Q4 support flips—such as last year’s $2 turnaround—preceded rallies (60%+ gain to $3.35). If market risk appetite returns, XRP could target approximately $5.40, implying an 80% upside. Key technical levels to watch are immediate support at $3.00 and near resistance at $3.55. Traders should monitor realized gains, on-chain data, order-book liquidity and market sentiment to confirm momentum and gauge timing for a potential breakout.
Bullish
The article’s focus on $2 billion in long-term holder realized gains and a successful support flip at $3.00 parallels past Q4 setups that led to significant rallies. On-chain metrics add weight to the bullish thesis by highlighting concentration of supply absorption at support. A validated bounce and historical pattern suggest high conviction for an 80% upside to $5.40 if risk-on sentiment returns. Traders witnessing similar profit-taking and support flips in other cycles (e.g., late 2024 XRP and Bitcoin patterns) have seen swift follow-through breakouts. Short-term price stability around $3.00, combined with low sell-pressure, may attract renewed buying, while long-term holders remain key to sustaining momentum.