XRP Price Prediction: XRP Bulls Watch $2.64 Breakout as Polymarket Bets on All-Time High Return
The post XRP Price Prediction: XRP Bulls Watch $2.64 Breakout as Polymarket Bets on All-Time High Return appeared on BitcoinEthereumNews.com.
Ripple’s native token XRP is drawing renewed investor interest as it trades above key technical levels and eyes a potential breakout to $2.64. Fueled by a broader market rally, whale accumulation, and mounting Polymarket confidence in an all-time high return, the sentiment surrounding XRP has turned cautiously optimistic, despite lingering volatility and regulatory uncertainty. Whale Accumulation and Exchange Reserve Spike Create Mixed Outlook XRP’s price continues to hover near $2.44, supported by strong technical structures. Over the past week, large holders—commonly referred to as whales—have increased their exposure. According to Santiment data, investors holding between 10 million and 100 million XRP now account for 12.1% of the token’s total supply, up from 11.58% in mid-April. This increase in whale concentration typically signals growing institutional interest and confidence in XRP value. XRP continues to trade within its channel, and a sustained move could lead to a breakout from the weekly triangle and a potential new all-time high. Source: Elenigma080 on TradingView However, a sharp increase in XRP exchange reserves, particularly on Binance, may indicate short-term risks. CryptoQuant reports a rise from 2.7 billion XRP on May 1 to 2.9 billion XRP. Rising reserves often precede selling pressure as traders move assets onto exchanges. This dynamic introduces a note of caution to otherwise bullish momentum. Technical Levels Signal Strength as Traders Target $2.64 Despite short-term choppiness, XRP has held above several critical moving averages. The 50-day EMA at $2.30, the 100-day EMA at $2.26, and the 200-day EMA at $2.06 form a solid support base. XRP’s recent low at $2.33 also aligns with an ascending trendline that traders are watching closely. A stable move above $2.46 could signal a bullish breakout of the $2.64 resistance for XRP. Source: FenzoFxBroker on TradingView If the price can break through immediate resistance at $2.48, the…
