XRP Rally in Sight as Whales Scoop Up 250 Million XRP and $3 Barrier Looms
XRP is attracting fresh attention after on-chain data revealed that whales scooped up more than 250 million XRP in just 48 hours, signaling renewed confidence among large holders.
That accumulation comes as the token edges closer to the psychologically important $3.00 mark, where a heavy cluster of sell orders could determine whether the market breaks higher or faces rejection.
Recent price action has seen a steady climb from $2.84 to $2.98, with momentum indicators hinting that the market may be gearing up for a decisive move.
XRP Momentum Indicators Turning Constructive
The short-term moving averages reflect improving sentiment. The 9-day EMA has risen above recent closing levels, suggesting short-term buying pressure is increasing.
Daily chart for XRP/USD (Source: GeckoTerminal)
Meanwhile, the 20-day EMA remains slightly higher, which shows that the crypto is still at the edge of turning its medium-term trend bullish. The MACD has also shifted from negative territory toward a positive crossover, a development often associated with the early stages of bullish reversals.
At the same time, the RSI has climbed from mid-40s into the low 50s, signaling that momentum is building without yet entering overheated territory. This balance leaves room for XRP to extend its gains should buying activity continue.
Order Book Dynamics Highlight Pressure Points
Order book analysis reveals crucial liquidity clusters that could define the next move. On the downside, significant bid walls are stacked at $2.90, $2.9664, and $2.88. If the $2.90 wall—holding over 182,000 XRP—is absorbed, the price risks a sharp 2.68% pullback.
The $2.88 level, in particular, is critical: a break here could trigger a larger 3.36% decline and put XRP back into testing its deeper support at $2.85 and $2.76.
On the upside, XRP faces heavy ask walls between $2.99 and $3.05. The largest sits at $3.00 with more than 700,000 XRP. Clearing this would likely require strong buying momentum, but if bulls manage to absorb it, the XRP price could quickly extend toward $3.05 and eventually challenge the resistance at $3.12 and $3.29. These levels have historically acted as strong rejection points and would serve as profit-taking zones for bullish traders.
Key Levels to Watch
Immediate support lies at $2.85, which has already proven resilient in recent sessions. A failure here could drag XRP toward $2.76 or even $2.75, levels where bargain hunters may attempt fresh entries.
On the other hand, resistance at $3.12 and $3.29 mark the next upside targets once $3.00 and $3.05 are cleared. A confirmed breakout above these levels could pave the way for a sustained bullish trend.
XRP Trading Outlook
For bullish traders, potential entry points may come on dips toward $2.88–$2.90, with exits near $3.12 or $3.29 depending on risk tolerance.
Conservative traders may wait for a clean breakout above the $3.00 wall before entering. For bearish traders, short opportunities could emerge if XRP fails to hold above $2.88, with downside targets at $2.85 and $2.76.
Overall, while the technical picture is beginning to lean bullish, XRP remains in a tight zone where order book liquidity could either accelerate gains or trigger sharp reversals. Traders should closely watch how price interacts with the $3.00 level, as this will likely dictate near-term momentum.
Disclaimer: The information presented in this article is for informational and educational purposes only. It does not constitute financial advice. Ecoinimist is not responsible for any losses incurred. Readers should exercise caution before acting on this content.
