XRP is showing strong signs of an impending major price move, with technical analysis indicating the completion of a corrective phase. The cryptocurrency has been trading near the $2.65-$2.70 support zone, which aligns with the final leg of an ABCDE pattern observed on charts. Analysts highlight that a breakout above $3.333 could trigger a new upward trend, with resistance levels at $2.85, $3, and $3.10 based on Fibonacci retracements.
On-chain metrics support the bullish outlook. The Net Unrealized Profit/Loss (NUPL) for short-term holders has dipped below zero, indicating capitulation similar to past instances in late 2024 and April 2025 that preceded recoveries. Meanwhile, whale accumulation is evident, as addresses holding 1 million to 10 million XRP increased their balances to 6.77 billion tokens (11% of circulating supply) in recent days, suggesting reduced selling pressure.
Notable analysts like Dark Defender and CasiTrades project a major trend shift, with price targets reaching $4.08—a 42% rally—or even $5 if symmetrical triangle and bull flag patterns break upward. Binance exchange reserves spiked to over 3.5 billion XRP, though price stability around $2.80 hints at potential dormant supply rather than immediate selling.