XRP on the Verge of Breakout: Whale Accumulation Could Push Price to $4.20

XRP is once again in the spotlight as major investors continue massive accumulation. After failing to break above $2.95, bulls are regrouping, and analysts suggest the next target could be $4.20.

Whales Show Strong Confidence While the market wavers in the short term, whales are buying every dip. On-chain data reveals that holders of 10–100 million XRP have accumulated over 120 million tokens in just three days — worth about $340 million. This group now controls more than 8% of XRP’s circulating supply, signaling strong confidence in future upside.

Key Technical Levels XRP rebounded from support at $2.70 on Monday, rallying as high as $2.92 (+8.5%) before giving back part of the gains. Technical indicators highlight: Main Support: $2.70, with the “last line of defense” at $2.55 (200-day SMA)Immediate Resistance: $2.95, where both the 50-day and 100-day SMAs convergeKey Barrier: $3.05 – a breakout above this level would confirm a bullish escape from the symmetrical triangleTarget Price: $4.20 – a 47% rally from current levels

What’s Next for XRP? If XRP consolidates in the $2.88–$2.95 zone and successfully breaks above $3.05, the market could ignite a sharp rally. Analyst Gordon emphasized: “The next phase of growth for XRP will be fast and aggressive once it breaks out of the triangle barrier.” Optimism is further fueled by the fact that XRP is heading toward its best quarterly close in history, putting it in a strong position for year-end gains — with some forecasts suggesting targets as high as $15. XRP now stands at a crossroads: either it clears the key resistances and charges toward $4.20, or it remains range-bound while whales continue to quietly accumulate.

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