XRP Could Be Set for Breakout After Tight $2.79–$2.83 Range as Whales Reaccumulate Below $2.40

• XRP holding $2.79 support with repeated closes above that level — a sign of buyer strength.

• Whales reaccumulating beneath $2.40 while earlier profit-taking trimmed short-term momentum.

• RSI recovery, Bitcoin stabilization, and late-session accumulation (12M+ XRP) point to a technical setup favoring a breakout; futures open interest fell ~$150M during the selloff.

XRP trades tightly between $2.79 and $2.83 as whales reaccumulate below $2.40, signaling growing strength before a possible breakout.

What is driving XRP’s tight trading range between $2.79 and $2.83?

XRP price is compressing into a narrow range because sellers have been absorbed at the $2.79 macro support while buyers defend that level, creating coil-like price action. Short-term technicals — including an improving RSI and stable Bitcoin price action — support a rising probability of a breakout if volume returns.

How are whales and long-term holders influencing XRP’s near-term outlook?

On-chain indicators show renewed whale accumulation below $2.40 after a sharp drop. Plain-text on-chain analytics provider Glassnode recorded a 42% intraday plunge and a roughly $150 million decline in futures open interest during the selloff. Analyst CasiTrades notes that large holders who realized profits above $2 have returned to buy at lower levels, and late-session volumes exceeding 12 million XRP confirm renewed demand.

How likely is a breakout above $3.00 and what targets should traders watch?

Repeated rejections and consolidations often precede impulsive moves. If XRP price breaks and closes above $2.83 with rising volume, the immediate resistance to watch is $3.00. A confirmed breach could open a wave 3-style impulse toward $4.00 and then $4.50, per technical scenario frameworks cited by market analysts. Conversely, loss of $2.79 on higher timeframes would invalidate the bullish bias.

What technical indicators matter right now?

• Support: $2.79 macro .5 Fib level — multiple hourly closes above this level indicate buy-side control.
• Resistance: $2.83 short-range, $3.00 key psychological and technical barrier.
• Momentum: RSI recovering from oversold levels — watch for cross above 50 for further confirmation.
• Volume & OI: Rising spot volume and returning futures open interest would validate a breakout scenario.

When did major profit-taking occur and how did it impact the market?

Profit-taking waves were concentrated in December 2024 and July 2025, when early accumulators above $1 realized gains above $2, creating two significant distribution events. That selling pressure contributed to the sharp drop recorded in the most recent selloff, briefly pushing price to $1.64 before re-accumulation commenced.

Frequently Asked Questions

Is XRP likely to breakout above $3.00 soon?

Close above $2.83 on increased volume is the immediate technical trigger. With RSI recovering and Bitcoin stabilizing, a breakout above $3.00 is plausible if momentum returns; failure to hold $2.79 would negate that scenario.

How much did XRP fall during the latest selloff and what caused it?

XRP plunged as much as 42% during the selloff, driven by whale liquidations and profit-taking across exchanges; futures open interest declined by approximately $150 million during that period, amplifying volatility.

Key Takeaways

• Support Held: $2.79 has proven resilient with repeated closes above it, signaling buyer defense.
• Whale Activity: Reaccumulation under $2.40 shows institutional or large-holder interest resurfacing.
• Breakout Conditions: Volume increase and RSI continuation are needed to confirm a move past $3.00 toward $4.00–$4.50.

Conclusion

COINOTAG’s analysis shows XRP price consolidating in a tight $2.79–$2.83 range after a volatile selloff, with whales re-entering below $2.40 and technical indicators beginning to recover. Monitor volume, RSI, and closes above $2.83/$3.00 for breakout confirmation. Stay positioned for both scenarios and review risk management accordingly.

Author: COINOTAG — Published: 2025-10-11 — Updated: 2025-10-11