XRP price holds above key trendline — Can whale accumulation push it to $3?

Whale accumulation, reducing balance on exchanges, and bullish chart patterns are backing XRP’s potential rally to $3.00.

XRP (XRP) has been trapped within a tight range over the last eight days. The altcoin trades just above its $2.00 support after a marketwide recovery over the weekend.

Onchain and technical data now show that the XRP/USD pair is well-positioned for a breakout toward $3.00.

XRP’s price has been consolidating between $2.03 and $2.13 since April 14. The daily relative strength index (RSI) remained flat at around 49 over the same period, signaling market indecision.

Read more