A major bullish pattern is quietly emerging on the XRP chart, and traders are closely watching the $2.45 neckline.

If confirmed, this setup could trigger a strong rally toward $3.10, potentially setting the stage for one of XRP’s most notable breakout attempts in recent months.

Behind the scenes, whale accumulation, growing trading volumes, and optimistic market sentiment are adding weight to this technical signal. With price consolidating at a critical range, the next move could shape the token’s outlook heading into the last quarter of 2025.

Inverse Head and Shoulders Pattern Sets the Stage

The latest analysis on TradingView shows a clear Inverse Head and Shoulders pattern developing since early October 2025. The structure has its neckline positioned around $2.45, with an upside projection toward $3.10 once a breakout occurs. The base of the formation is anchored near recent lows of $2.20, suggesting a healthy accumulation phase underneath the surface.

XRP is forming a classic inverse head and shoulders pattern, aiming for a breakout toward the $3.10 resistance level. Source: Kamran Asghar via X

Market participants have historically viewed this pattern as a bullish reversal signal. A decisive move above the neckline often sparks renewed buying interest, which can quickly accelerate price momentum in trending markets.

XRP Price Holds Strong Amid High Volume

Despite mild intraday weakness, XRP price today remains resilient. The token recently recorded a 24-hour trading volume exceeding $5.1 billion, reflecting heightened market activity and investor engagement. XRP has swung between $2.21 and $2.64 over the past week, maintaining its position among the top-performing cryptocurrencies by market capitalization. It currently ranks #5 with a market cap of approximately $145.25 billion.

XRP was trading at around $2.40, down 0.65% in the last 24 hours at press time. Source: XRP price via Brave New Coin

The current XRP price sits just above its 50-day exponential moving average (EMA) of $2.40, while the 200-day EMA remains at $2.54. This narrow range has created a standoff between short-term traders taking profits and long-term holders positioning for a larger upside.

Whales Accumulate Over 30 Million XRP

On-chain data from Santiment provides further support for the bullish thesis. In the 24 hours ending October 22, whale wallets accumulated more than 30 million XRP, valued at around $74 million. This spike in large-holder transactions (100,000 to 10 million coins) coincides with price stabilization near $2.40, often a sign that institutional players are quietly building positions.

Whales have accumulated 30 million XRP in the past 24 hours, signaling renewed large-scale investor interest. Source: Ali Martinez via X

Market observers are speculating that this accumulation could be linked to anticipated regulatory catalysts, including potential developments around the U.S. Securities and Exchange Commission and discussions tied to a possible Grayscale XRP ETF approval window between October 18 and November 14.

Technical Indicators Suggest Imminent Move

The XRP/USD pair is trading in a tight range, with the Relative Strength Index (RSI) sitting at a neutral 46. This neither strongly favors bulls nor bears but points to a potential volatility spike ahead. Candlestick patterns such as Doji and spinning tops are emerging on the chart—a classic sign of market indecision before a major directional move.

XRP price remains range-bound, but a breakout from the upper channel could set the stage for a potential $5 target. CobraVanguard on TradingView

If the XRP price closes decisively above $2.48, analysts believe this could spark renewed momentum, with immediate targets near $2.64 and $2.70. On the flip side, a close below $2.40 would weaken the bullish outlook and expose the $2.21 support zone as the next key level to watch.

The broader XRP community remains optimistic, with several traders pointing to potential price targets well above $3 if the current pattern confirms. Many cite multi-year technical structures, regulatory progress around the XRP lawsuit, and growing institutional interest as reasons for the bullish sentiment. Still, volatility across the crypto market and retail selling pressure could shape short-term fluctuations.

Trader Takeaway: Patience Before the Breakout

For traders, this is a classic “wait-and-see” scenario. A breakout above the $2.45 neckline could open the door to a swift rally toward the XRP price target of $3.10. Conversely, a failure to defend support may trigger a corrective move back to lower levels.

The market is at a decision point, and both technical and on-chain data suggest that the next major move could come soon. Whether it’s ETF speculation, whale accumulation, or pattern confirmation, XRP seems poised for a defining moment in its price trajectory.