- XRP trades near $2.31 inside a compressing triangle, with RSI neutral and volume soft ahead of a potential July breakout.
- A confirmed breakout above $1.3756 projects XRP to $11.10, with price holding firm above short-term Fib support at $1.76.45
- Whale wallets hit 2,708, and daily addresses surge to 295K, reinforcing strong network conviction behind XRP’s current structure.
XRP has entered a tightening technical structure on the weekly chart while on-chain data signals growing investor conviction. As XRP trades near $2.31, both price compression and historic whale wallet activity indicate that the asset is preparing for a decisive move. This blend of price structure and network strength is setting the tone for XRP’s next phase.
Technical Triangle Tightens Below Resistance
XRP currently coils inside a narrowing symmetrical triangle on the weekly chart, defined by rising support and descending resistance. Price action shows higher lows since March and lower highs since February, forming a clear convergence pattern. XRP trades at $2.3150 this week, with a 6.95% gain and weekly volume recorded at 2.61 million.
The five-week moving average stands at $2.2394, and the ten-week average sits at $2.2455, both acting as support. However, the 30-week moving average of $2.3728 continues above the price as an indication of longer-term resistance. RSI of 54.57 remains neutral, leaving room for expansion without signaling immediate exhaustion. This structure continues compressing, with the triangle apex aligned with early July—an increasingly critical timeframe.
Market structure since November 2024 has favored bulls, with XRP rallying from sub-$0.50 to $3.30 by February. The current triangle consolidation reflects orderly digestion, not breakdown, as support near $2.00 continues holding. A move above $2.70 could signal resumption of the larger trend, while a breakdown may challenge the $1.50 region.
Bullish Flag Breakout Targets $11.00
On the daily chart, XRP confirms a bullish flag breakout above $1.3756 after six months of structured consolidation. This flag formed between January and June, following a vertical rally that began near $0.40 and peaked at $1.73. XRP respected both upper and lower bounds of the flag channel, validating its structural integrity.
The breakdown occurred in mid-June, setting a continuation target near the 1.618 Fibonacci extension at $11.0976. Although near-term price action is close to $2.31, the measured move from the flagpole prefers long-term upside. Short-term support rests at the 0.618 Fib level near $1.7631, where bulls defended the breakout base.
XRP’s structure mirrors classical continuation setups. Price remains above the breakout point, with no major invalidation signs. A clean move above local resistance near $2.70 would reinforce the flag projection and shift focus to the $3.30 and $11.00 regions. Volume confirmation will be key in verifying bullish intent as the pattern matures.
Whale Wallets and Daily Activity Hit Historic Levels
XRP’s on-chain metrics reveal a parallel narrative to the technical outlook—strength, growth, and deepening commitment. As of June 15, there are now 2,708 wallets holding over one million XRP, a record high in the token’s 12-year history. These addresses represent $ 2.25 M+ in holdings and emphasize increasing large-scale accumulation.
Daily interacting addresses have soared to an average of 295,000 over the last week, a massive jump from the 35–40K range seen over the past three months. This nearly 7x increase in engagement signals rising adoption and consistent usage across the XRP Ledger. Activity spikes align closely with XRP price gains, reinforcing confidence in its recent move.
Historically, whale wallet growth and address activity have preceded major XRP rallies. With structure compressing and participation expanding, XRP stands at a multi-directional pivot. The combination of technical coiling and on-chain growth forms a high-stakes setup that could drive XRP’s next macro push.
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