Can XRP Price Hit $4 in Q3 as Whale Wallets Reach Historic Highs?

Ripple (XRP) price showed bullish momentum but traded within a narrow range. After rebounding from the $2.07 support, XRP tested resistance near $2.30. The price gained 7% over the past week, reflecting increased investor interest.

Meanwhile, the broader crypto market held steady. Bitcoin (BTC) hovered near $107,000, while Ethereum (ETH) traded around $2,400. Other major altcoins, including XRP, followed with mild upward movement, suggesting cautious optimism across markets.

XRP Price Gears Up for $4 Breakout

Crypto analyst Captain Faibik has issued a bullish forecast for XRP, suggesting the asset is nearing a major breakout. According to his recent technical analysis, XRP is consolidating within a symmetrical triangle, a pattern often linked to sharp price movements.

Analyst noted that he is accumulating XRP at current levels and expects the third quarter to bring a significant rally. He emphasized that the setup appears primed for a parabolic move, which could trigger a strong upward trend in the coming weeks.

The expert has set a midterm target of $4.60 for XRP, a notable jump from its present trading range. His shared chart shows tightening price action, which typically signals a buildup of momentum before a breakout.

XRP Activity Surges Amid Whale Accumulation

The price of XRP today is gaining new attention as the network usage on the XRP Ledger is reaching new records. The amount of daily active addresses has increased seven times since the recent average to exceed 295,000.

This steep increase in user activity suggests more people are interested in the XRP and bodes well with the reinvigoration of blockchain.

The large XRP owners witnessed this boom as the participating users have reached a milestone as well. Over 2,700 wallets are loaded with the minimum of 1 million XRP, and the price of 1 million XRP is equal to approximately 525,000 dollars and more.

It is the first event in the history of XRP Ledger when there are that many large valued wallets so many in one place, which means the increasing interest of institutions or whales in the token.

The combination of large wallet accumulation and surging address activity suggests strong confidence in XRP’s long-term potential.

XRP Price Today Eyes Breakout Amid Renewed Bullish Momentum

As of the reporting time, the XRP price today stands at $2.19, reflecting a modest gain of 0.26% within the last 4-hour candle.

The XRP price has proved to be strong as it has recovered on a recent support level of $2.00. Sellers appear to have re-positioned close to this psychological level, resulting in moderate bullish movement. On the following 4-hour chart, it can be observed that there is some consolidation between the levels of $2.00 and $2.20 and that a breakout opportunity might open.

On the MACD indicator, the crossover is a bit bullish as the MACD line points higher than the signal line. The bars of histogram now have turned green, which means there is positive momentum developing. The momentum, though, is kept shy and a more heavy break out would need more of volume and conviction.

The Relative Strength Index stands at 59. This range equates to low bullishness but not an overbought position.

Immediate resistance is observed at $2.50, which could act as a near-term target if bullish momentum continues. If the price manages to clear this level, further resistance lies at $2.70, followed by a higher ceiling at $2.80.

Conversely, the support at $2.00 remains critical. If price fails to maintain above this floor, bearish pressure could send it toward lower levels, potentially invalidating the short-term bullish outlook.