XRP Price Prediction: Ripple Token Surges 3.5% Amid Massive Whale Buys

The XRP price surged 3.5% in the past 24 hours to trade at $2.87 as of 5:43 a.m. EST on trading volume that jumped 38% to $3.8 billion.

This comes as a whale bought 17,555,420 XRP valued at approximately $48.9 million via the Kraken exchange.

Another whale accumulated roughly 120 million XRP in just 72 hours, according to Ali Martinez on X.

The massive purchases come at a time when XRP’s price has been choppy, bouncing around without clear direction since late August.

Meanwhile, XRP futures are gaining seemingly unstoppable institutional traction as CME Group smashes volume records and prepares to unleash new options on Solana and XRP, signaling strong demand for regulated exposure.

Can the current momentum for the price of XRP continue?

XRP Price Consolidates In Ascending Triangle: Breakout On The Horizon?

The XRP price has been trading within an ascending triangle pattern, with price action compressing between a rising trendline and overhead resistance.

The Ripple token price has repeatedly tested the upper supply zone near the $3.50–$3.66 range but has so far been unable to secure a decisive breakout.

This resistance area remains a major barrier that bulls will need to overcome in order to drive XRP toward higher price levels. On the downside, the ascending trendline has provided consistent support, and as long as XRP respects this structure, the broader bullish bias remains intact.

Looking at the major indicators, the 50-day Simple Moving Average (SMA) currently sits around $2.68, closely aligned with XRP’s present price, offering dynamic support to the market. Meanwhile, the 200-day SMA lies much lower at $1.58, underscoring the strength of the long-term uptrend.

The Relative Strength Index (RSI) on the 14-day close is at 49.52, which places XRP in neutral territory, neither overbought nor oversold. This suggests consolidation rather than exhaustion and provides room for volatility to unfold once the price approaches the apex of the triangle.

The ascending triangle formation typically leans bullish, especially when occurring after a strong uptrend.

XRP/USD Chart Analysis: TradingView

If the price of XRP breaks above the $3.66 resistance level with convincing volume, it could trigger a rally toward the psychological $4.00 mark and potentially beyond.

However, if the ascending support trendline fails to hold, a pullback toward the 200-day SMA around $1.58 becomes a plausible scenario.