The post XRP Whale Buying Could Send Its Price to $4.20 in the Weeks Ahead appeared on BitcoinEthereumNews.com.

Key takeaways: XRP whales continue to accumulate on dips, indicating confidence in higher prices ahead. $4.20 is likely the next bullish target, but XRP must first break $3.05 resistance. XRP (XRP) bounced off $2.70 support, rising as much as 8.5% to a high of $2.92 on Monday. XRP has since given back some of its gains, indicating profit-booking on the short rally.  However, a strong technical setup and whale activity suggest that the XRP/USD pair is primed for a trend reversal toward $4. Can whale accumulation reignite XRP? XRP whales remain confident about the prospects of a further rally, using the recent pullback to accumulate more tokens.  Related: Why XRP matters: 5 key factors driving its value beyond price Santiment’s Supply Distribution metric indicates that whales holding between 10 million and 100 million tokens acquired over 120,000,000 XRP, worth about $340 million, over the last three days. These entities now hold about 8% of the total XRP circulating supply. Supply held by addresses holding between 10M and 100M XRP. Source: Santiment When will XRP price break out? XRP’s attempt at recovery was curtailed by the overhead resistance of $2.95, which also coincides with the 50-day simple moving average (SMA). The pullback is expected to find support from the lower trending line of the symmetrical triangle at $2.80. Lower than that, a key area of interest lies between the local low at $2.69 and the 200-day SMA at $2.55, which provides the last line of defense for the bulls. XRP/USD daily chart. Source: Cointlegraph/TradingView On the upside, XRP needs to hold the $2.88-$2.95 zone to establish its footing. This is where both the 50-day and 100-day SMA currently sit, reinforcing the importance of this supply zone.  Overcoming this barrier would push the price above the upper trendline of the triangle at…

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Filed under: News - @ October 1, 2025 6:24 am