XRP is showing renewed strength after successfully retesting the upper boundary of its falling wedge pattern—a formation often linked to bullish reversals. With whale accumulation rising and investor sentiment improving, analysts now anticipate a climb toward the $4.50 resistance zone.

Breakout Confirmation and Technical Strength

The breakout occurred on the 3-day chart, with XRP pushing past both the 0.618 Fibonacci retracement and the $2.65 resistance level. Trading volume surged by 135% to reach $10.7 billion, highlighting growing market interest. Indicators are flashing bullish signals: RSI is at 67, just below overbought territory, and the MACD has crossed above its signal line.

Analysts now suggest a technical pathway toward $4.50, with intermediary zones around $3.50 and $4 offering potential pauses. The wedge pattern, historically reliable in identifying trend shifts, is serving as the foundation for these projections.

On-Chain Signals and ETF Optimism Boost Outlook

Investor confidence is also reflected on-chain. XRP futures open interest climbed 31%, and more than 13 million XRP exited centralized exchanges in 24 hours—implying steady accumulation. This movement supports the bullish structure developing post-breakout.

In parallel, market watchers are keeping a close eye on ETF speculation. Polymarket data shows rising odds for an XRP spot ETF approval, injecting additional optimism into the price narrative. As long as XRP holds above the breakout zone and demand continues building, the $4.50 target remains in sight.

Related Post: Elon Musk and Ripple Partnership Rumors Fuel XRP Hype