Bullish Pattern Emerges on XRP Chart Signaling Potential Surge Beyond $4 Level

XRP forms a bull flag pattern as analysts predict a breakout beyond $4, with targets between $17 and $33.

XRP is attracting strong attention from traders after forming technical patterns that suggest the token may soon surpass the $4 level. Analysts are pointing to chart signals, whale activity, and regulatory momentum as factors that could support an upward move.

XRP Technical Indicators Suggest a Breakout

According to Bitcoinsensus, XRP is currently forming a bull flag, a technical structure that often signals a breakout. The analyst noted that if the pattern plays out, XRP could reach above $4 for the first time. At the time of reporting, XRP is priced near $2.77, slightly below the $3 psychological level but holding above the $2.70 support zone.

Source: Bitcoinsensus/X

Egrag Crypto also shared analysis pointing to the 21-week exponential moving average (EMA) as a key signal. The analyst explained that in previous cycles, XRP touched the 21 EMA before large upward moves. Historical data shows that similar setups in 2017 and 2021 triggered rallies of more than 500%. Applying these patterns, Egrag Crypto set a potential target range of $17 to $33, with $27 as a calculated midpoint based on past averages.

The current price structure includes a symmetrical triangle, often seen before breakouts. A daily close above $3 could open the way toward $4.08, representing about a 42% rally from current levels. Market watchers have pointed out that consolidation phases in crypto often occur before a trend resumes, and XRP appears to be following this structure.

Whale Accumulation and Market Conditions

On-chain data indicates that large XRP holders have been adding to their positions during the recent dip. Santiment data shows that wallets holding between one million and ten million tokens increased their holdings by over 30 million XRP this week. These wallets now control more than 11% of the circulating supply, reducing selling pressure during the pullback.

Glassnode figures also confirm a positive shift in holder positions, with more inflows than outflows since late August. This suggests that long-term investors continue to view XRP as a key asset for the next cycle. Analysts note that whale accumulation often forms a price floor, making it more difficult for the token to fall below strong support areas.

However, some caution remains in the market. Ali Martinez recently pointed to a price gap between $2.73 and $2.51, suggesting that a drop below $2.73 could quickly test lower levels. While XRP is holding above this range for now, the zone is being closely monitored by traders.

Broader Market Drivers and Outlook

Beyond chart analysis, broader market drivers are also adding weight to bullish predictions. On September 26, the U.S. Securities and Exchange Commission approved new listing standards for crypto exchange-traded funds. Analysts believe this could increase institutional interest in assets like XRP and may open the door to products such as a potential XRP ETF.

Speculation continues around Ripple’s potential IPO and ongoing developments in its legal proceedings with regulators. While uncertainties remain, these factors are considered important for XRP’s long-term trajectory. The combination of technical patterns, whale support, and regulatory changes is keeping investor focus on the next key resistance levels.

Analysts agree that if XRP maintains its current support and breaks the $3–$3.40 range, the next targets could extend beyond $4. The bullish outlook from Bitcoinsensus and Egrag Crypto reflects growing market anticipation that XRP could be entering a new phase of upward movement.

 

Source: https://www.livebitcoinnews.com/bullish-pattern-emerges-on-xrp-chart-signaling-potential-surge-beyond-4-level/