XRP price today is making headlines as whale accumulation and rising retail demand set the stage for a potential breakout.
Ripple (XRP) has crossed the $3.15 level, signaling renewed bullish strength, and on-chain data suggests whales are positioning for a possible 30% rally in the coming weeks.
XRP Whales Accumulate 120M Tokens as Price Breaks $3.15
XRP whales have been actively accumulating during the latest price dip, with on-chain data showing over 120 million XRP purchased in a single move. According to analyst Ali Martinez, this buying activity mirrors past whale behavior that historically preceded 20–30% price surges in the XRP market.
Whales accumulated 120 million XRP during the recent price dip, signaling renewed bullish confidence. Source: Ali Martinez via X
This accumulation follows a period of volatility, including a 260 million XRP inflow to exchanges reported by CryptoQuant in early August. While that inflow hinted at potential sell-offs, the current buying wave appears to have countered bearish sentiment, supporting the bullish narrative around the price of XRP.
Whale accumulation often acts as a leading indicator for price rallies. A Ripple study in 2019 noted that over 70% of XRP’s historical price increases were preceded by large-holder purchases within 30 days — a pattern now being closely watched by traders.
XRP Holds $3.00 Support as Retail Demand Surges
The current XRP price remains above the $3.00 psychological support level, reflecting sustained buying interest from retail traders. Futures Open Interest (OI) climbed to $8.51 billion this week, up from $7.37 billion just days earlier, signaling a sharp increase in leveraged long positions.
XRP was trading at around $3.16, up 4.31% in the last 24 hours at press time. Source: XRP price via Brave New Coin
CoinGlass data shows that funding rates are also trending upward, averaging 0.0107% on Friday, further confirming bullish sentiment in the market. This aligns with XRP’s upward breakout from months of consolidation, as noted by TradingView analysts, who recently upgraded XRP to a “strong buy” on the weekly chart.
However, traders should remain cautious as exchange reserves have risen 23% since late August, reaching 3.66 billion coins on Binance. While this could create selling pressure if demand slows, the market has so far absorbed the increase without triggering a major correction.
Technical Outlook: Ripple Price Targets $3.66 and Beyond
The XRP chart shows the token holding above $3.15 after breaking $3.07 earlier in the session. A buy signal from the MACD indicator, active since Monday, continues to support a bullish XRP price prediction toward the next key resistance at $3.66.
XRP has consolidated for nine months, but recent upward momentum suggests a potential breakout above the range highs toward new all-time levels. Source: TraderJB via X
The Relative Strength Index (RSI) is currently near 55, suggesting neutral momentum but with room for upside if buying pressure resumes. Key support zones remain at the 50-day EMA ($2.92) and 100-day EMA ($2.79), which could serve as buffers if a pullback occurs.
If bulls maintain momentum and close above $3.15 on strong volume, XRP could quickly target a potential extension toward the July high of $3.66 — a level that would represent nearly a 30% upside from the $3 support.
Broader Market Context
The broader altcoin market is showing signs of strength, with the Altcoin Season Index reaching 78 this week, hinting at a favorable environment for large-cap tokens like XRP. Financial analysts caution, however, that global macroeconomic factors and crypto market volatility could still influence near-term price action.
Still, with Ripple XRP news today focusing on whale accumulation and technical breakout signals, sentiment remains positive heading into the next trading sessions.
Final Thoughts
XRP whales are signaling confidence with aggressive accumulation, retail demand is climbing, and technical indicators are aligned for further upside. While short-term volatility is still possible, the outlook for XRP remains constructive, and a move toward $3.66 or higher could unfold if current momentum holds.