Whale Buying Fuels XRP Price Surge: Breakout Hopes Rise

XRP price has been gaining momentum as analysts point to a potential long-term breakout supported by strengthening technical signals and continued whale accumulation.

The XRP price structure, despite a 2.65% loss over the last 24 hours, remains bullish, according to data from CoinMarketCap, with a trading volume of $1.09 million and a market capitalization of $1.09 billion at the time of writing.

Crypto analyst EGRAG CRYPTO highlighted a technical roadmap that could signal the beginning of a long-term breakout, requiring the XRP price to hold above the 111-period Simple Moving Average, reclaim the 33-period Exponential Moving Average, and decisively break through the key resistance zone between $1.60 and $2.00.

This setup would trigger a macro-measured move, allowing for higher price targets to be reached, with milestones at $17 and $35, and a full measured move taking the XRP price to $42.