XRP Tests Support After Double Bottom, Targets Above $2.80

Key Insights:

• XRP’s double bottom near $2.70 is holding, keeping the bullish setup alive for potential breakout.
• A whale moved 17.55M XRP from Kraken, raising interest in large-scale accumulation and price direction.
• Price stability around $2.80 marks a critical level traders watch for the next upward move.

XRP was showing signs of strength as it holds above the $2.72–$2.75 area. This level has been tested more than once over the past few weeks and has attracted steady buying each time. The repeated reactions suggest this zone is being watched closely by both short-term and long-term traders.

The current market price of XRP is $2.86. It has risen 2% over the past 24 hours, though it remains slightly down over the last week. The focus now is whether XRP can stay above $2.80. If it does, the path toward higher prices may stay intact.

Chart Pattern Still Intact

Earlier this month, XRP formed a double bottom close to $2.70. That move helped lift the price briefly above $3.00, with a short rally that stopped near $3.10. The upward move slowed, and the price pulled back. But the pattern has not failed, as long as price holds above the $2.70 mark.

The market is now trading between $2.78 and $2.82. This range has seen prices flip back and forth with no clear direction yet. Traders say they are watching to see if XRP can close above $2.80. If that happens, short-term targets could include $2.90 and $3.00.

 As analyst Ali posted, 

“Support is holding! $XRP could bounce to $3 or even $3.15.” 

The next few sessions will be key in testing that view.

Whale Transaction Draws Attention

At press time, a transfer of 17.55 million XRP was made from a Kraken wallet to another address. The transaction, valued at nearly $49 million, was completed with a fee of just 0.006 XRP. The move happened at 07:44 UTC and was picked up by several blockchain trackers.

The account CryptoSenseii commented on the transaction, saying “a massive crypto whale has scooped up 17,555,420 $XRP.” Large transfers like this are often linked to either institutional activity or high-volume private accounts. What happens next depends on whether the funds stay in a wallet or move to a trading platform.

Market Waiting for Clear Direction

Right now, XRP’s price is moving in a narrow band. The level between $2.78 and $2.80 has acted as a short-term pivot. There’s no strong trend in either direction yet. Buyers are trying to hold the price above support. Sellers are watching for signs of weakness around $2.80.