XRP is showing strong breakout signals with a rare chart pattern, whale accumulation, and ETF momentum fueling a potential 60% rally.
XRP has exploded nearly 25-26% in the week ending July 13, the strongest weekly move since last November. The rally is likely fuelled by powerful whale accumulation and a rare technical base.
Veteran chartist Peter Brandt has flagged a “compound fulcrum” setup, forecasting a possible 60% rally to ~$4.47.
Let’s dig into why this XRP might be the best crypto to buy today.
Chart Breakout: Rare Base Paves the Way Up
On the XRP/USDT weekly chart, Brandt notes a “highly rare continuation compound fulcrum”, a complex base made of successive failed breakdowns and consolidations. That structure often precedes sharp upward moves when support holds.
Here, a drop below ~$1.80 would shake confidence, but a sustained breakout points toward a move to the $4.40–$4.47 zone – roughly a 60% upside. Technical targets align with some analysts expecting $4.35–$4.40 by month‑end.
Whale Surge & On‑Chain Strength
On‑chain data reveals wallets holding over 1 million XRP have surged to record highs, controlling roughly 47.3 billion coins, up ~2.2 billion since early July. That kind of accumulation by large investors often sets the stage for mega‑moves.
The Net Unrealized Profit‑Loss (NUPL) shows XRP is in a “belief–denial” phase – holding firm without panic selling – suggesting a healthier rally ahead.
ETF Buzz & Macro Tailwinds
The upcoming ProShares XRP futures ETF (launching July 18) and speculation around a spot ETF has sparked optimism. Some market analysts even put the odds of approval by year-end at ~98%.
Meanwhile, Bitcoin staying above $110K–$120K is driving capital into altcoins, supporting XRP’s momentum.
Conclusion
XRP’s rare technical base, whale accumulation, ETF momentum, and broader altcoin season signals create a compelling case. If support holds above ~$2.80–3.20, the path to $4–5 could be clear – a ~60% rally from current ~$2.95 levels.
Just note: a drop below ~$1.80 would invalidate this bullish setup. For investors exploring the best crypto to buy today, XRP’s current convergence of chart, chain, and macro factors makes it a top contender.
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