Saad Ullah
XRP is showing early signs of recovery—and traders are watching closely. After several weeks of sideways movement, Ripple's XRP appears to be setting up for a potential trend reversal, backed by renewed whale buying and growing ETF optimism rippling through the crypto market.
Technical Setup: Rebound in Progress
A recent post by Jack noted that "whales are buying the dip, exchange reserves are falling, and ETF sentiment is heating up." According to the chart, breaking decisively above $2.70 could open the door to $3.12—possibly marking XRP's next significant rally.
XRP's daily chart shows a solid recovery from support around $2.30–$2.32, where buyers defended the level. Now trading near $2.49, the price is showing short-term bullish momentum, with the MACD indicator crossing into positive territory—an early signal of upward pressure.
A descending trendline from August highs still acts as overhead resistance. A clean break and daily close above $2.70 would confirm the reversal, potentially unlocking a move toward $3.12, and then $3.65. The chart's bullish projection suggests this momentum could carry into late November if conditions hold.
On-chain data backs up the technicals. Whale wallets have been accumulating, while exchange reserves drop—pointing to reduced selling pressure. Add in the growing ETF chatter around crypto, and XRP could attract fresh speculative interest heading into year-end, especially given Ripple's legal clarity and payment partnerships.
Key Levels to Watch
- Support: $2.30–$2.32 (critical floor)
- Short-term resistance: $2.70 (breakout trigger)
- Major targets: $3.12, then $3.65
- Momentum: MACD crossover supports bullish bias
Failure to break $2.70 could see another dip back toward $2.30, so that level remains crucial.
Bottom Line
XRP is still trading below its long-term downtrend, but the mix of technical structure, whale activity, and market optimism gives bulls the upper hand heading into November. If the price closes above $2.70, momentum could quickly accelerate toward $3.12–$3.65, confirming a mid-term breakout.
Saad Ullah
