XRP Price Needs Just A 7% Push To Rally — Two Metrics Hint It’s Close

XRP has recently gained nearly 6% over the past week, maintaining a significant over 400% year-on-year increase despite recent weakness. The analysis suggests that a modest 7% price increase could trigger the next rally, supported by two key indicators. First, large XRP holders (whales) are actively accumulating, with wallets holding over 1 billion and 10-100 million XRP adding substantial amounts recently. Second, the short-term 4-hour chart shows improving momentum, as the 20-period EMA is crossing above the 50-period EMA and approaching the 100-period EMA, signaling growing buying strength.

On-chain data from the cost-basis heatmap identifies the primary resistance zone between $2.78 and $2.80, where a large supply cluster is located. Breaking this zone is crucial as it aligns with the upper boundary of a daily falling wedge pattern, which typically signals a bullish reversal. A daily close above $2.81 would confirm the breakout, potentially leading to price targets at $3.37 and $3.66. Conversely, failure to break $2.81 and a drop below $2.59 could delay the upward move.

(Source：BeInCrypto)