XRP repeats a historical pattern that previously triggered a 400% rally. Traders eye the $12 mark as the next target amid recent whale activities.
Historical Pattern Repetition
XRP has broken out of a key triangle formation, mirroring its past 400% rally. Chart data shows this pattern formed after a previous rally that drove XRP from under $1 to over $3.
Whale Activity
On-chain data reveals that whales dumped over 710 million XRP in 24 hours. This activity followed XRP hitting a local peak near $3.50, leading to price declines and possible profit-taking.
Current Situation and Forecast
Despite the pullback to $3.0148, XRP remains above its breakout level. The structure suggests a bullish trend continues unless price falls back into the consolidation range. Traders are watching the $3.00 zone for support, signaling potential continuation.
XRP maintains growth potential despite internal corrections and whale sell-offs. Traders are closely monitoring the $3 level to confirm further upward movement.
