XRP has repeated a historical breakout pattern that triggered a 400% rally, traders are eyeing the $12 mark as the next target.
Despite a pullback to $3.01, XRP stays above its breakout zone, keeping bullish momentum alive and fueling hopes of a continued surge.
Over 710M XRP dumped by whales in 24 hours sparks caution, even as the structure hints at a powerful rally forming like before.
XRP has broken out of a key triangle pattern, mirroring its previous 400% rally setup. Despite whale sell-offs, the price holds above $3, keeping hopes alive for a potential surge toward the $12 mark.
Soon?RP Repeats a Historical Pattern With High Breakout Potential
From December 2024 to June 2025, XRP traded within a tightening triangle. It broke out again in late June 2025, leading to a price surge past $3.33. Though the current weekly candle shows a small retracement to $3.0148, the price remains above the breakout zone. The chart marks a projected move toward $12, based on the previous 400% post-breakout surge.
Whale Activity Signals Caution During Ongoing Correction
This large-scale distribution started just after XRP hit its local peak near $3.50. The price declined alongside the decrease in wallet holdings, signaling possible profit-taking. The last chart reading places XRP at $2.983, reflecting the ongoing correction from its recent high.
A separate 4-hour chart from Binance, as analyzed on August 2, shows the price dropped to $2.9078. Indicators like MACD and RSI confirm weakening momentum. RSI reads below 40, while MACD values remain negative. Volume has also decreased steadily since the July rally.
Despite the correction, XRP continues to trade above its key breakout level. The structure suggests the trend remains bullish unless price falls back into the consolidation range. Traders are now closely watching the $3.00 zone for support and signs of continuation.
