XRP price prediction: Breakout rally eyes $4 as bulls take control
XRP breaks above $3 resistance with rising volume and open interest, targeting $3.8–$4.0 next
XRP surged to $3.49 on Friday, reclaiming its status as one of the market’s most dominant cryptocurrencies after a confirmed breakout from a long-standing symmetrical triangle formation. The bullish structure, in development since December 2024, resolved upward with a powerful move above both the descending trendline and key resistance between $2.60 and $2.90, establishing a new higher-high.
Highlights
- XRP breaks out of multi-month triangle pattern to trade at $3.49, gaining 34% on the week
- Futures volume rises 120% to $48.20B, with $100M in liquidations amid short squeeze
- XRP overtakes USDT by market cap amid ETF optimism and whale accumulation
With strong volume backing the move, XRP is now testing its former peak at $3.66, with upside targets extending to $3.8–$4.0 if current momentum persists. The triangle breakout follows an extended accumulation phase, supported by a rising trendline from mid-March. This structure break invalidates XRP’s previous lower-high regime and has shifted the broader market structure firmly in favor of the bulls. Derivatives data supports this narrative: open interest jumped 18.16% to $10.97 billion, while volume surged 120.35% to $48.20 billion, indicating large capital inflows. Options data showed similar enthusiasm, with volume climbing 134.68% to $18.82 million.
XRPUSD price dynamics (Source: TradingView)
Sentiment among whales and professional traders also confirms the shift. Binance’s top trader long/short ratio hit 3.14, with retail positioning also leaning heavily long. Meanwhile, more than $100 million in liquidations were recorded in the past 24 hours, $73 million of which came from shorts, suggesting a classic short squeeze scenario. As late shorts were flushed out, price action accelerated, reinforcing the bullish trend.
ETF optimism and whale inflows fuel rally
Beyond technicals, XRP’s breakout is partly driven by fundamental optimism, including rising whale inflows and anticipation surrounding a potential XRP futures ETF. As a result, XRP has now overtaken USDT to become the third-largest cryptocurrency by market cap, reflecting strong investor interest. With a 34% gain over the past week, the rally underscores a decisive reversal from earlier consolidation.
Earlier this week, we noted XRP’s price was preparing for a breakout above its triangle pattern, with volume and structure both aligning. That move has now completed, with the neckline breakout above $2.9 firmly in place. The path toward $3.8–$4.0 remains open so long as price holds above the $3 retest zone, supported by rising open interest and short-side liquidations.
