Analyst Predicts XRP Price Surge to $44 as Whale Activity Rises

Highlights:

• XRP, with a price of $2.35, continues to drop after a recent $2.9 surge.
• A coffee cup pattern indicates an upward move toward $36 with a higher target of $44.22.
• Growing transactions of whale volumes serve as a bullish signal that may bolster XRP prices in the future.

XRP has displayed a remarkable rally, hitting the $3.3 mark in mid-January following the broad market rally. However, the recent market setback has caused the altcoin to shed off most of its recent gains. 

XRP has been trading in a descending channel since losing the $3 mark, dropping to touch the $2.0 mark at the end of February. Recently, when Trump announced the U.S. Strategic Reserve and added XRP to the list, it surged sharply and reclaimed the $2.9 mark before facing another pullback to the current levels.

At press time, XRP is trading at $2.35, down 5.93% in the past 24 hours. Despite the monthly decline of 4%, XRP is up 8% on the weekly chart. Furthermore, its market cap and trading volume stand at $136 billion and $7.02 billion, respectively. 

XRP Price Signals Bullish Breakout with Coffee Cup Pattern

The XRP price chart analysis reveals a bullish breakout sign supported by a coffee cup pattern. The U-shaped formation indicates that there is a long-term reversal. Since 2023, analysts at Dark Defender have monitored this structure, and XRP has traded close to $0.50. In the current case, the pattern indicates a surge, supporting bullish momentum.  

Hi all. We were sharing a lot of $XRP Coffee Cup patterns during 2023.

What is a Coffe-Cup Pattern?

⭐️A coffee cup pattern in markets is a U-shaped formation on a price chart. It indicates a potential bullish trend reversal after a downtrend, typically taking weeks to months… pic.twitter.com/gQW3dldc2U

— Dark Defender (@DefendDark) March 8, 2025

The chart shows the price breaking above $1.96. Wave 3 is expected to push up between $5.85 and $18.22. Based on Elliott Wave principles, XRP price action provides a structured rally. If this is the case, it could, therefore, reach $36 in Wave 5, supporting investors’ optimism.

However, the coffee cup’s depth also results in a higher target of $44.22. The XRP price has already tested the key resistance, confirming the cup’s surface level. These conditions are a strong indication of future growth and positioning for a more potentially favorable market.

XRP Sees Increased Whale Activity

In addition to Dark Defender’s bullish analysis, crypto analyst Ali Martinez stated that XRP whale transactions have experienced a notable increase. According to the Santiment data, large-scale transactions have increased within the XRP network for the last three weeks. This increase may indicate that more investors are interested in the token, pointing to a bullish trend in XRP’s market.

Whale activity on the $XRP network has been consistently rising over the past three weeks! pic.twitter.com/Nwljn77hhB

— Ali (@ali_charts) March 7, 2025

Furthermore, the instability in the XRP market has not limited new investors from investing in it. The continuous increase in whale activity might be a major sign of XRP’s rising dominance.

Technical Analysis: Will XRP Reverse the Downtrend?

Looking at the technical indicators on the 4-hour chart, the XRP price looks poised for a bullish reversal as green candlesticks start forming. The support level at $2.20 has proved strong as the price recently bounced back from it.

Should the current trend hold, XRP could challenge the immediate resistance at the $2.41 and $2.65 regions. If successfully breaking past these levels, XRP could be ready to head for the next key resistance at $3.

At 41 indexes, the Relative Strength Index (RSI) indicator is in the neutral region, suggesting weak bullish momentum. Therefore, should the buying pressure increase, the RSI could push towards the overbought area, propelling the XRP price upwards.