The post XRP Price Eyes $1.60 Breakout as Whales Hit Record Accumulation — What’s Next? appeared first on Coinpedia Fintech News
Despite the recent market volatility, the XRP price has continued to trade within a bullish range while approaching a decisive resistance zone. The token is consolidating between $1.43 and $1.47, hinting at the possibility of a breakout toward higher levels. Meanwhile, on-chain data reveals a sharp rise in whale accumulation, reflecting growing confidence among large holders despite the uncertainty across the markets.
This raises a key question: Will the rising whale activity trigger a breakout above the current consolidation range, or will XRP continue to trade below the major resistance barrier?
XRP Whale Wallets Reach Record High Amid Market Uncertainty
The latest on-chain data from Santiment suggests the larger XRP holders are not reacting to short-term market fear but instead continue to accumulate through uncertainty. XRP Ledger wallets holding at least 10,000 XRP have now surged to a new all-time high of 332,230, extending a steady growth trend that has remained intact since mid-2024. Moreover, the price traded well below its previous highs for most of 2026, indicating that the large investors still view the current price range as an accumulation zone.
The chart also highlights a temporary decline of more than 4,500 whale wallets between February 6 and 8. However, the drop appears to align with the broader crypto market crash and liquidation event witnessed during that period rather than any XRP-specific weakness. More importantly, the number of large wallets has since recovered and pushed toward fresh highs, suggesting the broader accumulation trend remains firmly intact.
XRP Price Approaches Key Breakout Zone
The XRP price continues to trade within a tight consolidation range while gradually building bullish momentum beneath a major resistance zone. As seen in the daily chart, the token is attempting to reclaim the descending trendline resistance near the $1.45 to $1.50 range, which has consistently capped the bullish rallies over the past few months.
The Gaussian Channel also appears to be flattening after an extended downtrend, suggesting the bearish momentum is beginning to weaken. Meanwhile, XRP has continued to defend the lower support range near $1.32 to $1.35, forming a series of higher lows that indicate growing buying pressure.
Another bullish signal comes from the RSI, which is holding above the mid-range near 50. This suggests the momentum is gradually shifting in favor of the bulls without entering overbought territory yet, leaving room for further upside expansion.
Currently, the key breakout zone remains around $1.48 to $1.52. A successful daily close above this range could validate a bullish breakout and potentially open the doors for a move toward the next major resistance near $1.60. However, failure to break above the descending resistance may keep XRP trapped within the ongoing consolidation phase for a longer period.
What’s Next for the XRP Price Rally?
Overall, XRP price continues to consolidate below a crucial resistance zone between $1.48 and $1.52 while holding strong above the $1.35 support range. The current price structure suggests that the bulls are attempting to build momentum for a larger breakout.
If XRP breaks and closes above $1.52, the price could rally toward $1.60, with the next upside targets around $1.72 and $1.85. However, failure to clear the resistance zone may prolong the ongoing consolidation, while a drop below $1.35 could shift momentum back in favour of the bears.
