XRP has surged approximately 25% this week, marking its most significant weekly performance since November, driven by substantial whale accumulation and the emergence of a rare technical pattern. Bullish sentiment intensified following analyst reports highlighting robust on-chain metrics and price indicators.
Renowned chartist Peter Brandt identified a ‘continuation compound fulcrum’ pattern on XRP/USDT weekly charts, historically signaling major trend continuations. This technical formation suggests potential for a 60% price surge toward $4.47 if critical support levels hold. The pattern has generated significant market attention due to its established reliability.
Concurrently, blockchain analysts report notable accumulation by large holders (whales), with transactional patterns mirroring historical precursors to major price movements. Glassnode’s Net Unrealized Profit-Loss (NUPL) metric further supports the positive outlook, indicating strong investor conviction without signs of panic selling or capitulation amidst recent gains.
Market observers emphasize that maintaining the $1.80 support level remains essential for the bullish scenario to remain valid. A decisive breach below this threshold would undermine current technical projections and potentially trigger corrective movements.
Technical analysts and on-chain researchers concur that XRP demonstrates favorable positioning for sustained upward momentum. The convergence of whale activity, constructive sentiment metrics, and rare technical pattern recognition creates a foundation for potential continuation of XRP’s current rally.