Ripple’s native cryptocurrency, XRP, has been on a tear recently, surpassing a major milestone by reaching $3.39, a price not seen since January 2018. This surge follows a significant breakout from a symmetrical triangle pattern, fueling optimism among investors and analysts alike. With robust on-chain metrics, increasing whale activity, and rising transaction volumes, XRP’s upward momentum suggests that the $15 price mark may soon be within reach.

XRP’s Strong Breakout and Price Movement

XRP’s climb to $3.39 marked a critical breakout, surpassing the $3.00 level, which has now turned into a solid support base. Earlier predictions, including a technical analysis from AMBCrypto, pointed to this breakout as a sign of bullish momentum. The token has successfully retested support levels, including $2.00, and surged above them, establishing a clear bullish trend.

The symmetrical triangle breakout was a key signal for this rally, indicating that XRP had built up enough momentum to push through resistance. With significant volume backing the price surge, XRP is now targeting the $4.00 resistance level. As the token continues to power past key milestones, market participants are increasingly confident that this rally is far from over.

Whale Activity and Increased Transactions

One of the primary factors behind XRP’s recent surge is the growing whale activity. Over the past 24 hours, XRP witnessed 2,365 whale transactions, each exceeding $100K. This marked the highest level of whale transactions since December, signaling strong accumulation by large investors. Additionally, over 511,000 new non-empty wallets have been added to the XRP network in the last two months, further emphasizing the growing interest in the token.

On-chain data also points to a surge in active addresses and total transactions on the XRP Ledger. In the past 24 hours, the number of active addresses increased by 1.14%, and the total transaction count rose by 0.97%, reflecting heightened network engagement. This increase in on-chain activity suggests that XRP is gaining traction as a preferred asset for long-term investors.

Strong Bullish Momentum

The bullish sentiment surrounding XRP is also supported by key market indicators. The taker buy-sell ratio currently stands at 0.967, reflecting a slight edge toward sell-side pressure. However, this is still outweighed by the overall bullish momentum that continues to dominate the market. Despite some selling activity, buyers are still in control, maintaining XRP’s upward trend.

Whale-to-exchange transactions have also risen by 0.87% over the last 24 hours, with 11,126K XRP moving to exchanges. While some of this movement may be related to profit-taking, the overall market response indicates resilience, with strong buying interest continuing to offset selling pressure.

What’s Next for XRP?

XRP’s breakout from the symmetrical triangle and its strong on-chain metrics clearly suggest that the altcoin is on a bullish trajectory. Given the robust support levels, rising whale activity, and increasing investor engagement, the next key resistance level for XRP is set at $4.00. However, if the momentum continues and key support levels hold, a price target of $15 appears increasingly achievable.

In conclusion, XRP’s recent surge, fueled by technical patterns and growing market confidence, positions the asset for further gains. With whale activity, rising on-chain engagement, and strong bullish sentiment, XRP’s potential to reach $15 is now more realistic than ever before. Investors will be watching closely to see if the current momentum can be sustained and whether XRP can continue to break through key resistance levels in the coming days.