XRP is making a bullish breakout with the motive power coming from surging whale wallet movements and encouraging technical trends. XRP is continuing to demonstrate exceptional resilience even as it encounters resistance on the XRP/BTC pair from long-term Ichimoku Cloud positions. The cryptocurrency is protected under major key EMAs and a symmetrical triangle pattern that suggests a quick surge up to $3. This positive investor sentiment, especially from the smart money investors, further supports bullish price movement.

Technical Analysis Points to Potential Upside

XRP’s technical landscape offers an interesting combination of challenges and opportunities. The XRP/BTC pair is still under heavy resistance from long-term Ichimoku Cloud players, establishing a barrier to further short term profits. XRP finds support in a cluster of three key exponential moving averages: the 50 EMA, 100 EMA, and 200 EMA.

These EMAs come together within the price range of $2.17-$2.18, providing a vital support area. A breakout from the $2.18–$2.20 is necessary to provide a clear path to upside resistance toward $2.60–$2.86. This change could increase prices by as much as $3 in the short run. A symmetrical triangle pattern on the 4-hour chart adds more credence to this bullish pattern.

The Relative Strength Index (RSI) is currently at 34.77, indicating that XRP is approaching oversold territory. All of this might result in a potentially attractive buying opportunity for investors. The Kijun Sen level would be the scene of significant resistance over the course of the quarterly timeframe, complicating matters even further. Rejection at the 5200 sats level before June is seen by analysts as a 90% chance. They argue that a strong national catalyst is needed to push past this tipping point. If this consolidation pattern breaks out successfully, it might result in a 13% price increase.

Whale Activity and Investor Sentiment Bolster Optimism

Supplementing the bullish outlook is a growing trend of whale wallet activity. Unsurprisingly, the total number of wallets holding more than 10,000 XRP has increased to over 300,000. Despite the price of cap and trade allowances remaining between $2 and $3, this number has been consistently climbing since December 2024. This persistent buildup implies very high conviction from the smart money, the big investors, and certainly indicates expectations of significant price increases down the road.

Investor sentiment further supports this optimistic view. The smart money investor sentiment indicator is at a bullish 2.06 – a strong bullish overall, smart money sophisticated investor positioned indicator. First retail investors sentiment is currently 0.46 on Crowd sentiment metrics. Even still, on the whole trend continues to be upward in terms of overall growing investment optimism about XRP.

Long-Term Targets and Future Outlook

Short-term technical indicators, plus recent whale activity, lead us to believe a bright future looms for XRP. A few analysts have maintained expectations for a long-term target of $30. For one, attaining this ambitious target would mean clearing several technical and market-related hurdles.