$XRP surged 20% breaking key resistance but $108M whale transfers to exchanges signal caution ahead.
XRP has been riding a massive bullish wave this week, smashing through key resistance levels and posting impressive gains that have traders buzzing. However, just as the momentum was building steam, significant whale activity has emerged that could throw a wrench into the rally. With technical indicators screaming bullish but on-chain data flashing warning signs, XRP finds itself at a critical crossroads that will determine whether the token can push toward its ambitious $3.80 target or face a reality check.
✨XRP Breakout Meets Whale Activity Challenge
XRP crushed it last week with a 20% surge to $3.25, breaking a descending trendline and forming a bullish flag. Currently trading at $3.19 with support at $3.13 and resistance at $3.33.
But here's the kicker – Whale Alert spotted two massive transfers totaling 33.4 million XRP (~$108M) hitting Coinbase. Big whale moves to exchanges usually mean profit-taking is coming.
✨XRP Technicals Point to $3.80 Target
Charts show a clean inverted head-and-shoulders pattern targeting $3.80 – a potential 15% rally. Bollinger Bands confirm bullish momentum, though XRP is near the upper band where consolidation typically happens.
RSI sits at 59, meaning bulls still have room to run. Liquidation data shows $170M in longs vs just $25M in shorts – everyone's betting up, which could create fireworks if things flip.
CryptoQuant reports rising exchange reserves, adding selling pressure concerns.
Bottom Line: XRP's $3.80 target looks solid technically, but whale transfers and rising exchange reserves demand caution. Watch $3.13 support and $3.33 resistance for the next move.
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