The post XRP Market Anticipates Rally as Price Consolidation Phase Nears Close appeared on BitcoinEthereumNews.com.

XRP nears breakout after eight months of consolidation, with large wallet buying and bullish technical patterns fueling optimism.   XRP traders are closely monitoring the market after XRP spent more than eight months in a sideways range. The extended consolidation has drawn attention from analysts, who suggest the next major price movement could be approaching. XRP Price Action and Trading Volume Trends XRP recently experienced sharp intraday volatility, dropping to $3.04 before recovering to about $3.08. The decline occurred during a broad selloff across digital assets, which was tied to more than $1 billion in market-wide liquidations. According to market data, trading volume reached $11.1 billion in the morning session before falling to $7.56 billion later in the day. During the steepest part of the price drop, hourly volume spiked to 436.98 million XRP, marking the highest single-hour activity of the quarter. Analysts state that this increase was linked to aggressive selling followed by renewed buying. The rebound from the intraday low was supported by larger traders who entered the market at lower prices. Large Wallet Accumulation and Market Structure Data from on-chain tracking platforms indicated that large holders purchased about 320 million XRP over the past three days. At current prices, this buying activity is valued at around $1 billion. Such inflows can reduce immediate selling pressure and may influence broader market behavior. Analyst Crypto King stated that XRP had moved beyond earlier accumulation and manipulation stages, with the current chart structure suggesting the start of an expansion phase. “The chart and fundamentals are lining up for something massive. My target this cycle is $7.00,” the analyst said. This perspective aligns with previous breakouts, such as the mid-July move that pushed prices up by more than 66% before entering the current consolidation range. Technical Patterns and Trader Sentiment Moreover,…

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Filed under: News - @ August 16, 2025 5:28 am