Particle.news

Download on the App Store

XRP Holds Above $3 as Traders Gauge Breakout Momentum and Near‑Term Risks

Whale accumulation offsets rising exchange reserves as the Fed decision nears.

Overview

  • The token is consolidating around $3.04–$3.17 with a market cap near $181.9 billion, returning it to the global top‑100 assets, according to market trackers.
  • Charts show a break above a recent descending trendline and a short‑term golden cross, with analysts eyeing $3.50–$3.66 if $3.00–$3.15 support holds; a drop below $3 could target $2.90–$2.70.
  • On‑chain data highlight large holder activity with roughly 120 million XRP accumulated in a single move, alongside rising open interest and funding that point to bullish positioning.
  • Risk signals persist as Binance’s XRP reserves climbed by about 43 million over the week and broader exchange balances are higher, while overbought readings raise the odds of profit‑taking.
  • Utility headlines include Rabby Wallet’s integration of the XRPL EVM chain via Peersyst, and some analysts speculate a potential U.S. XRP ETF could unlock flows and push targets into the $10–$25 range if approved.