XRP Eyes $4 Rally on Triangle Breakout and Whale Buying
The XRP price has rebounded 6.8% from its $2.70 low, trading within a symmetrical triangle on daily charts. A decisive break above the $3.00 triangle resistance could trigger a 42% rally to $4.08, with further hurdles at $3.40 and the eight-year high of $3.66. Analyst CasiTrades highlights a double-bottom pattern near $2.70 and Fibonacci extension targets at $4.00 and $4.40, further supporting the XRP price outlook. CryptoBull forecasts a move toward $5.00 if an October bull flag breakout occurs. Onchain data shows whales added 30 million XRP in two days, raising their holdings to 11% of the circulating supply. Rising net holder positions since late August underscore growing bullish sentiment. Traders should watch the $2.70–$3.00 accumulation zone and monitor a close above $3.40 for accelerated upside.
Bullish
The combined analysis of technical and onchain data points to bullish momentum for XRP. The symmetrical triangle pattern suggests a potential breakout above $3.00 that could drive price toward $4.08, with further resistance at $3.40 and $3.66. The double-bottom formation and Fibonacci extension targets reinforce upside potential. Whale accumulation of 30 million tokens indicates strong institutional support, while net holder growth underlines trader confidence. These factors suggest a favourable environment for both short-term gains and sustained upward movement if key resistance levels are breached.