XRP: Amid potential breakout signs, bulls look to hit $3.40

• XRP eyes breakout from symmetrical triangle; help at $2.00-$2.11 stays vital.
• Whale wallets proceed accumulating, hinting at a bullish long-term outlook.

XRP is at a pivotal level, consolidating inside a symmetrical triangle on the day by day chart.

With value motion compressing and whale accumulation strengthening, all eyes are on whether or not XRP can get away above its descending resistance.

A profitable breakout might ignite a rally towards vital value targets, putting $3.40 again on the radar.

XRP consolidates

On the day by day timeframe, XRP traded at $2.18, resting close to the decrease certain of a well-defined symmetrical triangle sample.

This technical formation typically alerts a continuation or a reversal, relying on the breakout path. 

The sample has seen a number of value reactions at each help and resistance strains, tightening into an apex, a typical precursor to a major transfer.

Supply: TradingView

The decrease help zone round $2.00-$2.11 has traditionally held agency, bolstered by excessive quantity nodes seen on the Quantity Profile Seen Vary [VRVP].

As XRP approaches this key help with declining volatility, bulls could also be making ready for a rebound.

Worth targets on breakout affirmation

Ought to XRP break decisively above the descending resistance trendline, the subsequent instant goal lies at $2.60, adopted by $2.84, $3.00, $3.21, and ultimately $3.40. 

These ranges align with Fibonacci retracement zones and previous value motion clusters. The Relative Energy Index [RSI] additionally suggests the asset just isn’t in overbought territory, leaving room for upward motion.

If XRP fails to carry the help at $2.00, draw back dangers might emerge, with the subsequent help zones resting close to $1.77 and $1.60.

On-chain alerts level to Whale confidence

On-chain knowledge from Santiment reveals that giant holders, notably wallets holding 1,000-10,000,000 XRP, have steadily collected by way of Q1 2025.

The crimson and cyan strains on the buildup chart present a persistent upward trajectory, notably among the many 10,000-100,000 XRP and 1,000,000-10,000,000 XRP cohorts.

In the meantime, addresses with 1 billion+ XRP have additionally proven renewed curiosity, with a pointy uptick across the twenty ninth of March.

Supply: Santiment

This strategic accumulation throughout pullbacks displays rising confidence amongst high-conviction holders.

Traditionally, such habits typically precedes main value actions, particularly when aligned with technical consolidation zones.

Closing ideas

XRP’s value construction and whale habits recommend the asset is primed for a breakout; the one query is when. A clear transfer above the symmetrical triangle resistance might open the floodgates towards $3+ territory. 

Till then, XRP merchants and traders ought to intently watch the $2.00 help zone and quantity enlargement to verify directional bias.