XRP is once again in the light as traders prepare for what could be the token’s biggest breakout in years. Hovering just below the $3.00, XRP is approaching a crucial technical level that analysts say could send prices soaring toward $4-$6, if momentum and liquidity conditions align.
After the weeks of consolidation, the altcoin appears ready for a rotation phase, and XRP is leading that narrative. It is supported by growing derivatives activity and renewed institutional interest.
Technical analysts across trading platforms are calling XRPs’ latest structure a Phase 4 pattern, a term which is used to describe the pre-breakout stage in a long-term accumulation cycles.
According to 99Bitcoins’ market desk, XRP’s on-chain volume and liquidity depth have expanded steadily since mid-September.
The consolidation between $2.80 and $3.10 has been textbook acccmulation, “said analysts Arijit Mukherjee. “If it breaks and holds more than $3.40, we are searching at a run toward $4.20 with solid retail and institutional backing.”
The data confirms rising open interest across the main exchanges, specifically Binance futures and Bybit, recommending traders are positioning for volatility.
Large wallet addresses – or “whales” — have increased ownership interests by almost 90 million XRP in the last two weeks, according to Santiment and Whalestat’s tracking data.
At the same time, spot exchanges have affected their highest level since April, typically a bullish signal indicating that symbols switch to long -term storage.
Increased whale accumulation is speculation that smart money expects a breakout event.
“This looks like XRP behavior from 2017-style-quiet before the storm,” a Tokyo-based trader noted.
The resurgence of XRP occurs in the midst of a generally optimistic encryption scenario. Bitcoin (BTC) is about $ 124,000, while Ethereum (ETH) is traded close to $ 4,560.
ETF entrances continue to rise, and altcoins like BNB and Mantle (MNT) are posting fresh notes of all time, indicating renewed confidence of the cross market.
Analysts believe that XRP could benefit from this “wave of liquidity” as capital rotates from main assets for undervalued altcoins.
Retail traders are hungry for lagging plays, said analyst Fatima G.The XRP is one of the few great capitalization tokens that has not yet broken its historic-assish is a configuration institution loves the front.
XRP remains the most prominently discussed asset this week, and technical conditions suggest it’s entering a decisive phase. If bulls push through the $3.40-$3.60 resistance zone, analysts expect a short squeeze could propel XRP into the $4-$6 range.
Still, traders caution that volatility will remain elevated, with macro risks, including U.S. fiscal uncertainty and global liquidity shifts. This is potentially influencing short-term sentiment.
For now, XRP is the market’s sleeper giant, and all eyes are on whether it can finally join Bitcoin and BNB in rewriting the record books this Uptober.
