• Whale activity with over 1.1 billion XRP demonstrates strong confidence in long-term XRP growth.

  • A historical price pattern and the current trend bring a rise of XRP to $4 closer, despite short-term corrections.

Following key patterns identified by crypto experts in a previous CNF update, the XRP price could potentially reach $4. This prediction is particularly noteworthy as XRP whales have significantly increased their holdings despite the recent market downturn.

According to on-chain data from Santiment, whales holding 1 to 10 million XRP added 100 million tokens during a price drop of 27.2% and invested up to $200 million to increase their total holdings from 4.71 billion to 4.8 billion XRP.

In the last month, these whales have accumulated an additional 1.1 billion tokens, reflecting a broader trend of consolidation, even as the XRP price fluctuated between $0.50 and $2.87. This strategic accumulation underscores the strong confidence of large investors in XRP's long-term potential.

Price pattern indicates a $4 target

Technical patterns indicate a bullish outlook for XRP. A new bullish flag formation has emerged, signaling the possibility of a rally above $4 after a short correction. In his tweet, analyst Ali Martinez, who recently referred to the TD Sequential indicator, also predicts a short-term pullback before a strong breakout occurs.

Historical trends support this view, with similar patterns previously driving XRP from $0.69 to $2.87 after consecutive consolidations. If the current trend continues, XRP could potentially reach $4.40 in the next recovery phase.

Short-term volatility spike before the run

Ripple (XRP) is currently trading at $2.41, after the price has decreased by 0.36% in the last few days and by 3.15% in the last week. This slight setback corresponds to the expected correction highlighted by Martinez.

However, whale activity and strong technical indicators suggest that XRP is poised for a significant upswing, with the next phase likely driving the price toward $4 or higher. Further insights into the market can be found in the XRP price chart below.