XRP Accumulation Rivals February; Market Shifts Could Propel Rally Toward $3.4

• Exchange outflows show accumulation at levels comparable to February.

• Fed comments and macro risk-on lifted crypto markets, helping XRP regain momentum.

• Technical indicators (TD Sequential, CMF, moving averages) support a near-term bullish bias with $3.4 as the next key target.

Meta description: XRP price outlook: accumulation rivals February levels and XRP has reclaimed $3; on-chain and technical signals point to a potential move toward $3.4 — read analysis.

What is the current XRP price outlook?

XRP price outlook is cautiously bullish: XRP rebounded from the $2.7–$2.8 support zone and climbed back above $3 after market-wide gains. On-chain exchange net position change and technical buy signals suggest accumulation and a likely challenge of the $3.4 resistance if $2.95 demand holds.

How strong is XRP accumulation and what data supports it?

Exchange net position change turned deeply negative in late August, a sign of reduced supply on exchanges and increased holder accumulation. Glassnode on-chain metrics show outflow magnitudes comparable to February, indicating meaningful conviction from long-term holders.

Macro drivers amplified the move: Fed Chair Jerome Powell’s remarks at Jackson Hole increased market odds of a rate cut, and the Fed Watch Tool implied elevated probability for September easing. Equities rallied—Dow gains coincided with Bitcoin and Ethereum strength—which helped lift altcoins including XRP.

Technical confirmations arrived as crypto analyst Ali Martinez flagged a TD Sequential buy that identified a local bottom before the rally. XRP cleared the lower high at $2.98 and moved above the 20- and 50-period moving averages on the 4-hour chart. The Chaikin Money Flow (CMF) climbed above +0.05, signaling sizeable capital inflow.

Below are the original on-page images and captions retained for reference:

Source: Ali on X (analysis posted on X)

Price action summary: Ripple [XRP] rebounded from $2.7–$2.8 support for the second time in August. Bitcoin moved up from $111.6k to $116.3k (+4.2%) and Ethereum rose to $4,833 (+14.87%), reflecting the broader risk-on move that supported altcoin strength.

Why could XRP reach $3.4?

XRP could reach $3.4 because on-chain accumulation, reduced exchange supply, and technical momentum align in favor of bulls. If bulls defend $2.95, the measured move targets the $3.4 range high, while a decisive break above $3.4 would open higher resistance levels.

What are the short-term risks?

Short-term risks include a failure to hold the $2.95 demand zone, profit-taking after rapid moves, or renewed macro volatility that reverses risk sentiment. Traders should monitor exchange flows, CMF, and the 4-hour moving averages for trend confirmation.

Preserved on-chain chart for reference:

Source: Glassnode (on-chain exchange net position change)

Source: XRP/USDT on TradingView

Frequently Asked Questions

What signals indicate XRP accumulation?

Negative exchange net position change, rising long-term holder balances, and on-chain outflows from exchange wallets are primary accumulation signals. Combined with technical breakout confirmations, these suggest holders are building positions rather than selling.

How quickly could XRP test $3.4?

With momentum and supportive macro conditions, XRP could test $3.4 within days to weeks, provided $2.95 demand remains intact and capital inflows continue. Market conditions remain decisive for timing.

Key Takeaways

• Accumulation Intensity: Exchange net position change shows deep outflows, matching February levels and signaling holder conviction.
• Technical Momentum: TD Sequential buy, CMF > +0.05, and moving averages turning supportive point to a bullish near-term outlook.
• Macro Support: Fed rate-cut odds and broader equity strength boosted risk appetite, aiding XRP’s rebound above $3.

Conclusion

In summary, the XRP price outlook combines on-chain accumulation, technical buy signals, and favorable macro momentum. If bulls sustain the $2.95 demand zone, a move to $3.4 is likely; traders should watch exchange flows and short-term moving averages for confirmation. For continued coverage and updates follow COINOTAG reporting.