Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
XRP Breaks Symmetrical Triangle; Whales Loading Up

XRP Breaks Symmetrical Triangle; Whales Loading Up

DailyCoinDailyCoin2026/06/17 15:09
By:DailyCoin

The global exchange-traded funds (ETFs) based on XRP have just soared to $1.06 billion. Seems like XRP is back in the fight.

After a sharp rebound, the token pushed back into the low-$1.20s, with traders now eyeing a potential run toward $1.30 and beyond. The move has been fueled by a clean technical breakout and some seriously bullish on-chain signals.

▸ Live tracker
Follow every XRP institutional move in real time
Bank pilots, ETF flows, ODL volume & more — all in one place.

Bullish XRP Breakout Confirmed On This Range?

Popular chart analyst Ali Martinez highlighted that XRP has broken out of a symmetrical triangle — a pattern that often signals strong momentum. According to his analysis, the measured move from this breakout points to around 14% upside in the near term.

$XRP is in the middle of a bullish breakout!

Here’s the target.

— Ali Charts (@alicharts)

Traders are watching the $1.21–$1.24 zone closely as key support. Holding above it could open the door for a push toward the next resistance cluster around $1.28–$1.30.

Whales Are Buying, Supply Is Leaving Exchanges

On-chain data is backing up the bullish vibe. Multiple on-chain trackers have spotted increased crypto whale accumulation alongside notable withdrawals from major exchanges.

XRP whales have pulled over $720 million from exchanges, and risk-adjusted signals suggest a potential price surge; data also indicates that on-chain momentum may reflect institutional interest.

— Laura (@ItsLauraHere_)

When big holders pull coins off exchanges, it usually signals they’re moving them into long-term storage rather than preparing to sell.

This kind of activity often reduces near-term selling pressure and sets the stage for stronger moves when momentum returns.

Slowly, But Surely: ETF Inflows Keep Rolling In

The rebound has also brought fresh ETF talk back into focus. According to recent market data, ETF clients just bought another $5.3 million worth of XRP in a single day. This brings the total net assets held in XRP-linked ETFs to $1.06 billion.

JUST IN: ETF clients buy $5.3 million worth of $XRP, bringing total ETF-held net assets to $1.06 billion.

— Whale Insider (@WhaleInsider)

While not explosive on its own, these steady inflows show that institutional interest continues to build — even without a full spot ETF approval yet.

XRP is showing real technical strength with a clean symmetrical triangle breakout (targeting ~14% upside), while whales keep buying and ETF holdings now sit above $1.06 billion.

The combination of improving charts, on-chain accumulation, and growing institutional exposure is giving bulls fresh reasons to stay optimistic.

The next key test sits around $1.28–$1.30. If XRP can clear that zone with volume, the next leg higher could come in faster than many expect.

The dogs aren’t the only ones running — the OG altcoin is starting to move too.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!