XRP breaks all-time high and enters Phase 4 with a bullish chart structure and rising momentum.
Whale wallets now hold 47.32B XRP as large holders increase accumulation near record levels.
XRP volume jumps 15.94% to $4.74B as price holds above $2.40, signaling strong market participation.
XRP has moved above its previous all-time high, signaling the start of what could be a broader bullish phase. Supported by technical strength, increasing volume, and strong market activity, XRP’s current position shows a breakout from a long-term pattern. At the time of writing, XRP was trading at $2.44.
Technical Structure Signals New Phase of Growth
According to analysis prepared by CW8900, XRP has entered Phase 4 in its multi-year price structure. This follows a breakout from a long consolidation pattern. In 2017, XRP rose sharply from a triangle formation and reached its all-time high. Between 2018 and 2020, the price moved through a long correction with declining momentum.
https://twitter.com/CW8900/status/1943182086028050463
From 2021 to 2023, XRP formed a broadening wedge structure with higher lows. This accumulation phase led to the current breakout above the previous resistance zone. Now in Phase 4, XRP is showing a higher-range trading pattern. Two price targets are noted: the previous all-time high and the 6.618 Fibonacci extension at $21.5.
XRP moved from $2.277 to $2.44 over the last 24 hours, with a 2.88% increase. Volume rose by 15.94% to $4.74 billion. The price stayed above $2.40 throughout the session, suggesting strong buying interest.
Whale Accumulation and Market Participation Grow
Currently, 47.32 billion XRP tokens are held in wallets with over 1 million XRP. These holdings are near all-time highs, showing growing interest from large investors. The total supply stands at 99.98 billion, with 59.06 billion in circulation.
Whale activity increased following the transfer of 200 million XRP, valued at $477 million, from Ripple to an unknown wallet. The volume-to-market cap ratio is 3.3%, reflecting high participation. XRP’s fully diluted valuation reached $244.19 billion.
According to an observation by JackTheRippler, XRP recently broke out of a triangle pattern, confirming strong momentum. If volume continues to rise, XRP may continue its upward movement toward the next resistance level.
The post XRP Breaks All-Time High and Enters Phase 4, Here’s What the Chart Structure Reveals Next appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
