XRP is making waves again as whale accumulation and technical momentum push the price higher, sparking investor attention and raising questions about whether $4.40 is within reach.
In the past 48 hours, major holders have scooped up 250 million XRP, driving a 5.5% surge and signaling renewed institutional interest. Analysts say this activity, combined with the recent breakout from a symmetrical triangle, could set the stage for further upside if key support levels hold.
Whale Accumulation Drives XRP Momentum
Recent on-chain data indicates that whales—investors holding over 10 million XRP each—purchased roughly 250 million tokens in a 48-hour window ending October 1, 2025. According to Ali (@ali_charts), these acquisitions were worth approximately $740 million at current prices.
Whales scoop up 250 million XRP in just 48 hours, driving a sharp price surge and renewed market momentum. Source: @ali_charts via X
Institutional participation also contributed to the momentum, with Japan’s SBI Holdings expanding XRP holdings and VivoPower raising $121 million for XRP treasury allocations, fueling speculation about potential XRP ETF approvals by year-end.
Technical Analysis: Symmetrical Triangle Breakout
XRP’s technical charts reveal a breakout from a symmetrical triangle formation, a pattern often signaling a continuation of bullish momentum. JackTheRippler (@RippleXrpie) highlighted:
“XRP has just broke out from the triangle! This upward movement, coupled with whale activity, could set the stage for a significant rally.”
XRP gears up for a bullish breakout, aiming for $4.40 as it strengthens above the $3.13 resistance level. Source: @egragcrypto via X
EGRAG CRYPTO (@egragcrypto) further explained that a close above the $3.13 Fibonacci 0.5 retracement level could target a minimum price of $4.40. However, rejection at this level may push XRP toward support zones around $2.65 or even $2.40. Analysts warn that overbought conditions and reliance on Bitcoin’s stability could impact sustained gains.
Broader Market Context and XRP ETF Speculation
The recent surge in XRP price also coincides with ongoing Ripple SEC lawsuit developments, which have historically influenced market sentiment. Investors are keenly observing regulatory updates, as clarity could accelerate adoption and institutional inflows.
Additionally, rising open interest—up 12% amid the recent rally—points to heightened speculative activity. Analysts note that coordinated whale purchases combined with technical breakouts often drive sharp short-term rallies, particularly in altcoins like XRP that are sensitive to Bitcoin’s movements and broader market liquidity.
XRP Price Outlook and Forecast
On October 2, 2025, as of writing, XRP is traded at approximately $2.98, showing a steady bullish trend. Investors are eyeing $4.40 as a significant resistance level, with support ranging between $2.97 to guard against future downtrends.
XRP breaks out from a symmetrical triangle, signaling bullish momentum fueled by recent whale activity. Source: @RippleXrpie via X
In the context of previous whale activity, institutional demand, and the symmetrical triangle break out, near-term prospects for Ripple XRP remain bullish. Market experts feel that if XRP is able to breach the $3.13 retracement level, it would pave the way for further appreciations towards $4.40 and beyond, subject to no major macroeconomic shocks or corrections due to Bitcoin.
Final Thoughts
XRP’s recent price jump highlights the extent to which whale buildup, technical breakouts, and increasing institutional demand can fuel market momentum rapidly. The symmetrical triangle breakout and support held at well over $2.95 indicate bullish potential towards the $4.40 target, assuming XRP stays on its current trajectory.
XRP was trading at around $2.98, up 1.37% in the last 24 hours at press time. Source: XRP price via Brave New Coin
The traders must remain cautious for probable pullbacks in case of failed key resistance levels or if Bitcoin weakens. Clarity in regulation on Ripple’s SEC case and potential XRP ETF can act as catalysts to instill market sentiment. Based on general historical behavior of the whales and current indicators, there is a fairly optimistic perception of XRP in the next few weeks.