- SRSI nears 80, echoing XRP’s historic 20x surge
- Whales buy 260M XRP as breakout pressure builds
- ETF hits $40M, boosting institutional interest
XRP is trading near $2.18 as it approaches a critical two-month candle close. Market participants are closely watching the Stochastic RSI (SRSI), which is nearing the 80 level. The last time XRP crossed this threshold, it surged more than 20x within three months before undergoing a steep correction.
Technical Structure and Whale Activity Signal Price Shift
According to an observation by analyst Dark Defender, XRP appears to have completed its Wave 4 correction, bouncing from the $2.1937 level. Key resistance now sits at $2.222 and $2.40, while the $1.8815 level is marked as vital support if downward pressure resumes.
This pattern suggests that a structural shift could be underway if XRP confirms a breakout.XRP also shows bullish behavior through accumulation by large holders. Whales holding between 1 million and 100 million tokens have reportedly acquired 260 million XRP as prices climbed.
In addition, chart patterns reveal a potential inverse head and shoulders structure. Analyst Ali Martinez identified the neckline at $2.30, and a breakout above this line may set the stage for a move toward $2.70 or higher.
ETF Interest and Network Growth Back Market Confidence
Interest in XRP continues to rise with the Teucrium 2x Long Daily XRP ETF surpassing $40 million in assets under management since its early April launch. This product has become a focus of institutional attention during a period of broader market caution.
Teucrium’s CEO has publicly stated that XRP holds the most utility among digital assets, especially in payments and tokenization. Meanwhile, XRP’s network activity has increased, with retail participation also expanding ahead of Ripple futures trading.
The asset remains above its 100-hour simple moving average, signaling near-term support. Market observers are now awaiting confirmation of the SRSI cross above 80. If confirmed at month-end, this could signal a new phase of volatility and price acceleration for XRP.
