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\n\t\t\t\t\t\t\t\t\tXRP nears key breakout level as analysts track Wave 5 potential; whale wallets offload 2.2B XRP while technicals point toward $5.85.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
XRP is showing signs of a possible new wave in its market structure. Technical indicators and chart formations are aligning with a potential upside move.<\/p>\n
Analysts are watching for confirmation as price action approaches critical resistance levels.<\/p>\n
Analyst Dark Defender noted that XRP has completed its monthly Wave 4 correction based on Elliott Wave Theory. The last move in the ABC correction ended near $1.88, aligning with the 161.8% Fibonacci extension. This level often marks the end of corrective phases.<\/p>\n
The asset is now approaching a descending resistance line. A confirmed breakout above this trend, combined with a move past $2.22, could mark the beginning of Wave 5. According to Dark Defender,<\/p>\n
\nXRP has completed the Monthly Wave 4 Structure.<\/p>\n
Now we see the signs of Wave 5 as initial steps.<\/p>\n
After breaking the yellow trend resistance, things will quickly escalate above $3.01.<\/p>\n
Have an excellent weekend. pic.twitter.com\/ProZaYz6z8<\/a><\/p>\n
\u2014 Dark Defender (@DefendDark) November 28, 2025<\/a><\/p>\n<\/blockquote>\n
This level corresponds to the 70.2% Fibonacci retracement. A further breakout could bring long-term targets near $5.85 into focus, based on the 261.8% Fibonacci extension.<\/p>\n
Bullish Patterns on Shorter Timeframes<\/h2>\n
XRP has also shown strength on the 4-hour chart. Analyst CryptosBatman shared that the asset recently broke out of a bullish pennant formation. The move followed a recovery of the $2.15 support zone, which had previously acted as resistance. The breakout suggests increased buying activity. If this holds, near-term targets between $2.30 and $2.60 are in view<\/a>.<\/p>\n
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Another analyst, ChartNerd, pointed out<\/a> that XRP is forming a rectangular bull flag. This pattern shows the price consolidating within a horizontal range after a sharp move up. A breakout above the resistance zone would project a target near $24 based on the flagpole\u2019s height.<\/p>\n
On-Chain Data Shows Whale Distribution<\/h2>\n
On-chain data from Santiment reveals large selling activity by whale wallets. Addresses holding between 1 million and 10 million XRP offloaded over 2.2 billion tokens in the past month. According to Steph Is Crypto, this was the largest drop since March 2023. Recent updates<\/a> also show that 460 million XRP were sold in just four days. Whales moved nearly 1.5 billion XRP throughout the month, including 180 million earlier this week.<\/p>\n
Despite these movements, the token has seen a mild rebound in recent days. However, whale holdings remain near their lowest levels. Binance reserves have also dropped to 2.7 billion XRP, the lowest in over a year. Around 300 million XRP have left<\/a> the platform since October. These shifts reflect large-scale distribution and possible caution among major holders.<\/p>\n
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