TLDR:
- XRP price trades at $2.86 with $3.9B in daily volume as traders brace for a potential drop before a rally.
- Whales accumulated 120M XRP in 72 hours, signaling confidence ahead of a possible market shift.
- Analysts eye a fair value gap near $2.35 as a strong support zone before any major price recovery.
- XRP may dip to $2.65 or lower before building a base for the next major upward leg.
XRP is holding above $2.80 as traders watch for the next big move. Analysts say a final dip could come before any sustained rally. Some expect this retrace to create a stronger base for the next leg up. Others point to whale accumulation as a bullish signal.
The market is tense, and price action over the next few weeks could set the tone for Q4.
Per data from CoinGecko, XRP trades at $2.86 with a daily gain of 2.95%. Weekly gains stand at 1.48%, showing steady momentum despite recent volatility. The 24-hour trading volume crossed $3.9 billion, reflecting active participation across exchanges.
Whale Buying and Fair Value Gap Targets
Ali, a crypto analyst on X, reported that whales have purchased 120 million XRP in the past 72 hours. This level of accumulation often signals confidence in future price action. Analysts say large holders could be positioning ahead of a potential market move.
EGRAG CRYPTO shared that his long-term view on XRP remains bullish but warned of a possible flush before the next rally.
He expects the price to revisit the $2.35 to $2.40 range, which aligns with a key fair value gap. This level, he said, could act as strong support and set up a healthier move upward.
The analyst referred to previous price behavior, saying it once took 129 days for a gap to fill on the 3-day chart. Based on similar patterns, he sees the current gap potentially filling by mid-November. However, he stressed that timing may vary and that price levels are the main focus.
If XRP drops to $2.65 and holds, EGRAG sees that as a possible bottoming structure. But he favors a deeper retrace toward $2.30 to $2.40 before the next leg up. That dip, he said, would build a stronger base for a sustained rally.
Market Outlook as XRP Price Consolidates
Traders are watching to see whether the price tests support near $2.65 in the coming sessions. A hold above that zone could trigger renewed momentum toward $3.00. But a sweep of the fair value gap near $2.35 may still be on the table.
Analysts say such a move would not necessarily be bearish. Instead, it could reset overbought conditions and attract fresh buying interest. Whale buying adds weight to the case for accumulation at lower levels. The market will be watching whether volume spikes if XRP dips into that range.
For now, XRP remains in consolidation with strong liquidity. The coming weeks will likely confirm whether this is a pause before continuation or a setup for one last shakeout.
