XRP Sees Strongest Weekly Gain Since November as Whale Accumulation Suggests Possible Rally Toward $4.47

Key Points

1. Renowned chartist Peter Brandt identified a rare 'continuation compound fulcrum' pattern on the XRP/USDT weekly chart, indicating a potential 60% price surge to $4.47 if the pattern holds.

2. Whale wallet accumulation has been observed, often preceding substantial price movements, contributing to XRP's 25% weekly gain ending July 13.

3. Glassnode’s Net Unrealized Profit-Loss (NUPL) metric shows healthy investor confidence in XRP, with no signs of panic selling or capitulation, suggesting a sustainable rally.

4. A decisive break below the $1.80 support level would invalidate the bullish scenario for XRP.

5. The market outlook suggests XRP is well-positioned for further gains, supported by onchain sentiment metrics and technical analysis.