- A symmetrical triangle pattern in the daily chart drives the short-term sideways trend in XRP price.
- According to Santiment data, the high-networth investors accumulated over 360 since last week.
- The recently reclaimed exponential moving average (20 and 50) could bolster the buying pressure in XRP.
XRP, the native cryptocurrency of the XRP ledge shows a slight uptick of 1.29% during Tuesday’s U.S. market hours. The buying pressure can be linked to recent whale accumulation and strong support levels bolstering coin price. Despite the intraday gain, the daily candle shows notable rejection from $1.45 level as the middle east continued to hurt market sentiment. Can the XRP price overcome broader market selling for key breakout from triangle pattern in daily chart.
XRP Pullback Signals Uncertainty While Whales Bet on Reversal
Earlier today, the XRP price attempted to extend its recovery above $1.45 level. However, the price failed to sustain this level and reverted immediately with a long-wick to currently trade at $1.43.
The selling pressure followed escalating instability between the ceasefire between the U.S. and Iran. Just yesterday, U.S. Navy intercepted and seized an Iranian-flagged cargo ship near the Strait of Hormuz. Recent comments by President Donald Trump, emphasizes America’s strong control over the strait of Hormuz. He also stressed no extension of ceasefire between the two countries without a comprehensive deal.
As a result, the Bitcoin price faces selling pressure at the $77,000 mark, which also limits growth potential of the altcoin market. As XRP price closely reflects the uncertainty of the broader market, the retail investors may hesitate to jump in.
However, the recent on-chain data shows large investors are positioning for a potential shift in XRP price. In a recent tweet, market analyst Ali Martinez highlighted that XRP whales have accumulated over 360 million XRP over the past week alone.
Historically, whales often accumulate in anticipation of major upcoming events or price reversal that retail investors might be overlooking. If the trend continued, the XRP price could witness a surge in buying pressure that could uplift its market sentiment.
This Breakout Could Drive the Next Leap in XRP
Following a sharp correction in early 2026, the XRP price shifted to a sideways trend at the $1.4 level. A deeper analysis of the daily chart showed this consolidation resonating strictly within two converging trendlines of a symmetrical triangle pattern.
This chart setup offers a dynamic resistance and support to price, as it gradually builds its prevailing momentum in a narrow range waiting for breakout. If geopolitical tension eases, the XRP-2.15% could rebound 4.2% from current trading value of $1.42, and challenge the triangle resistance at $1.48.
A 100-day exponential moving average wavering near this barrier has created an extra line resistance against. Therefore, a potential breakout from this resistance holds a high significance to bolster a recovery trend in this asset.
A potential breakout from triangle resistance will accelerate the buying pressure and bolster a surge of 14.2% to hit $1.67, followed by a leap to $1.8.
On the contrary, if the sellers force a breakdown below the triangle support, the bearish momentum would accelerate and drive an extended drop to $1.15.
