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XRP whales buy 900M tokens, price holds above $3.19.
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Key resistance at $3.33 could trigger strong bullish momentum.
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Long-term breakout positions XRP for potential move toward $4.50
Large XRP holders have significantly increased their positions in the past two days. On-chain statistics provided by analyst Ali Martinez show that wallets holding between 100 million and 1 billion XRP have purchased 900 million tokens in the past 48 hours.
This buildup has been taking place as the price of XRP has stabilized around $3.13, which is a sign of great confidence among large investors.
In addition to the accumulation trend, market analysts are noting an essential technical setup. Analyst Maxi observed that XRP has just broken the upper level of a bull flag pattern and is currently retesting it as support.
This is a significant area of interest between $3.20 and $3.25, and a sustained hold of this area will see a measured move to the $4.50 mark.
The current buying pressure is pushing XRP closer to a significant barrier at $3.33. Once this resistance is cleared, the next target stands near $3.50, while support remains firm at $3.20. Holding above this breakout level would strengthen the bullish continuation outlook in the short term.
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Long-Term Structure Points to Further Upside
Moreover, the broader chart shows a decisive breakout above a long-term descending resistance line previously located between $2.60 and $2.70. Analyst Thecryptomist highlighted that after this breakout, XRP advanced to $3.80 before retracing to maintain support above $3.00. This development has flipped former resistance into strong support, a structure that historically favors further upward movement.
If the $3.00 and $2.60 supports remain intact, buyers could attempt to rechallenge the $3.80 resistance. A successful move beyond this level could set the stage for additional gains in the weeks ahead.
Source: Thecryptomist
Market Activity Strengthens the Bullish Case
Additionally, market sentiment is showing signs of stability. In the last 7 days, XRP has registered a 4.33 percent increase in performance and recorded over $8.6 billion in daily trading volumes. The share of such figures shows that both retail and institutional traders contribute to healthy participation and thereby contribute weight to the existing price structure.
As whales become increasingly owned and technical charts suggest a bullish opportunity, XRP is at a crossroads. A break above the $3.33 resistance could reinforce the momentum for higher targets, provided current support levels hold.
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