• XRP could see major long-term gains toward $27 if it breaks key resistance levels.
• A recent 10 million token purchase from Coinbase suggests significant market accumulation by large investors.
• Short-term price fluctuations persist, but momentum indicators suggest cautious optimism and stable market conditions.

XRP has seen notable activity recently, with a large purchase sparking speculation of significant accumulation. While short-term fluctuations continue, analysts suggest the token could have considerable upside potential if it breaks key levels, drawing market attention to potentially large moves ahead.

At the time of writing, XRP is trading at $2.78 with a 24-hour trading volume of $9.13 billion and a market capitalization of $167.21 billion. The token decreased by -1.09% over the last 24 hours.

XRP Rally Likely After 10 Million Tokens Purchased

Renowned crypto analyst Captain Redbeard highlighted that 10,000,000 XRP was purchased from Coinbase, sparking rumors of significant market accumulation. Aggressive buying of such magnitude is usually witnessed when major investors are preparing to move.

XRP Eyes Major Long-Term Gains

Meanwhile, another analyst, EGRAG CRYPTO, pointed out that short-term price fluctuations shouldn’t be overinterpreted. According to the analyst, “It’s just temporary noise unless key levels are broken. The real story begins if the token starts climbing toward major targets.

There is rising optimism regarding the token, with some expecting a potential leap from $2.70 to $27 in the long term. They stress that the token holds significant upside if momentum is sustained.

Also Read | XRP Weekly Outlook: Support Strong at $2.67, Breakout Levels in Focus

XRP Shows Signs of Cautious Strength

XRP weekly RSI is at 54.38, just below its signal line at 57.49, indicating a steady yet conservative market tone. The indicator shows the token is neither overbought nor oversold, and momentum is easing after recent peaks. This is a neutral position, suggesting a consolidating market where investors await clearer signals. A break above 60 could signal renewed bullish strength.

Meanwhile, the MACD shows the blue line at 0.23812, near the orange signal line at 0.23941, and the histogram at -0.00129. This slight difference suggests a time of indecision where bullish and bearish energies are at odds. Flattening momentum suggests slowing momentum and potential sideways action in the very short term. An upward MACD crossover signals bullish continuation.

Also Read | XRP Whale Activity Signals Potential Break Above $3.20 Resistance