XRP Breakout Incoming: Multi-Year Triangle Pattern and Whale Moves Hint Explosive Gains

Multi-year symmetrical triangle patterns and Fibonacci extensions indicate XRP could reach $8, $13, and $27 if resistance levels break.

Evernorth Holdings now holds over 388 million XRP, signaling market confidence in the token’s future.

Large whale positions totaling $1.27 million at $2.64 reinforces XRP’s potential near-term bullish trajectory.

XRP is gaining momentum as whales increase positions and technical patterns signal strong upside. Institutional accumulation and Fibonacci targets suggest potential major gains, positioning XRP for a possible breakout toward $27 in coming months.

Technical Analysis Signals Strong Upside

ChartNerd, a popular crypto enthusiast on X ,highlighted XRP’s long-term chart structure, noting a multi-year symmetrical triangle pattern. This pattern is formed by ascending support and horizontal resistance, indicating a potential breakout. Fibonacci extension levels suggest targets at $8.48, $13.78, and $27.70 once XRP surpasses resistance.

The analysis points to a 3-month EMA retest as a potential accumulation zone, giving traders an opportunity to enter positions. Historical confluence zones, including Gaussian channels and previous trendlines, provide structural support. The annotated “STOP” marker suggests managing risk below the support zone to maintain favorable risk-reward levels.

A successful breakout from the triangle could trigger XRP to reach a possible continuation phase.

Short-Term Caution Advised

Ali, a market analyst, observed that the TD Sequential indicator recently flashed a “SELL” on XRP. This 4-hour signal can indicate short-term trend exhaustion or corrective moves. Previous “9” counts historically led to price drops of 8–17%, suggesting a cautious approach is necessary.

XRP is currently testing the $2.63 resistance zone, which coincides with the latest “9” count signal. If bearish momentum increases, retracement zones may appear between $2.45 and $2.50, aligning with minor support from recent consolidation.A close above $2.65 could negate the bearish signal, potentially leading to further upward movement toward $2.70–$2.75

Market Developments and Institutional Activity

Recent developments show strong institutional interest in XRP, with Evernorth Holdings now holding over 388 million tokens, achieving 95% of its treasury goal. Ripple CEO Brad Garlinghouse added to the bullish case by stating that XRP could surpass Ethereum, and potentially become the second-largest cryptocurrency

Backing this a major whale has opened a $1.27 million long position at $2.64,overall, rising institutional participation, strategic technical setups, and growing retail interest are reflecting confidence in short-term growth.

The post XRP Breakout Incoming: Multi-Year Triangle Pattern and Whale Moves Hint Explosive Gains appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.