XRP breaks out above $2.30 after multi-month downtrend, eyes $2.36 and $2.50 next.
Bull flag breakout and whale accumulation support targets near $10 and $11.09.
Long-term Fibonacci projections suggest a possible move toward $23 if momentum holds.
XRP is showing strong technical structure while trading at $2.32. The token recently broke out from a multi-month downtrend and is now consolidating near $2.31–$2.33. Analysts are pointing to historical price behavior, whale activity, and Fibonacci targets to support projections of a move toward $23 if current momentum holds.
XRP Breaks Out from Bull Flag as Whale Activity Rises
According to analysis prepared by BitGuru on X, XRP broke above key resistance levels at $2.2266 and $2.2988 and is now consolidating just above $2.30. BitGuru also mentioned a breakout from a downtrend following a bounce at $2.06. The next targets include $2.36 and possibly $2.50 if buying volume continues.
A longer-term technical pattern is also being monitored. A bull flag structure formed after a 586% rally between November 2024 and January 2025, pushing XRP from $0.491 to $3.37. The flag portion was a consolidation phase, and XRP’s current move suggests a breakout from this pattern. The theoretical target for this setup is $10, and the 161.8% Fibonacci extension level aligns closely at $11.09.
https://twitter.com/moonshilla/status/1932593327750123598
Santiment data shows that whales have been accumulating heavily. Wallets holding 1M–10M XRP added 2.45 billion tokens since November 2024, now holding 6.29 billion. Larger wallets with 10M–100M XRP added 890 million coins in the past four months. This behavior often precedes major upward price movements.
Analysts Project Long-Term Targets Up to $23 Based on Market Cycles
In a recent post on X, EGRAG CRYPTO shared a long-term view suggesting XRP could reach $7.60 in the short-to-mid term based on historical trend replication. He further estimated a market cap projection of $1.5 trillion under extreme conditions, which could push the token to around $23.
EGRAG’s forecast relies on a Fibonacci-based model using previous cycle highs and lows. He noted that during some stages, every $1 invested can reflect 15–30x in market capitalization. While near-term resistance sits around $2.65 and $3.00, the broader price structure still favors a move higher as long as XRP holds above $2.25.
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