After months of sideways trading, XRP may finally be on the verge of a breakout, according to analysts at crypto payments platform B2BINPAY. Their latest report highlights a significant accumulation by whales, with large holders adding 50 million XRP in June alone.
At the same time, centralized exchanges saw a similar amount flow out, a trend often seen as bullish. This suggests that investors are moving tokens into cold storage or long-term holdings—typical behavior when anticipating price increases.
Calm Before the Surge?
Despite the bullish indicators, XRP has remained largely quiet on the charts, trading in a tight range between $2.00 and $2.30 for nearly two months. As of now, the token hovers just below $2.20, sitting right underneath a group of key moving averages ($2.21–$2.23).
B2BINPAY analysts describe this setup as a “pressure zone,” where price movement is calm but potential energy is building. “This is a classic signal that the market could be preparing for a significant move,” they noted.
Indicators Show Room to Run
Further supporting the bullish case are neutral readings in both the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD). These indicators suggest that XRP is not in overbought territory, leaving room for upward momentum if buying pressure increases.
Macro Challenges Still Weigh on Altcoins
Like many altcoins, XRP’s performance has been affected by broader macroeconomic conditions. High interest rates and cautious investor sentiment have put downward pressure on riskier assets, including cryptocurrencies. Rate cuts are not expected in the near term, which has limited price action across the altcoin market.
However, any positive macro trigger—or new utility development—could ignite a rally. If XRP breaks and holds above the key $2.30 resistance, analysts believe the next stops could be $2.70, and possibly $3.40 in the near to mid-term.
