After a market pump on Sunday when Trump announced a crypto reserve, all gains are now erased after less than 48 hours.
The XRP price pumped to $2.94 this weekend and is now trading just around $2.30. It’s worrying to see how quickly gains were erased from the market.
However, Ali Martinez and Captain Faibik posted positive things about the XRP price today.
What you'll learn 👉
Whales Are Loading Up on XRP
Ali Martinez shared some interesting data about XRP whales. From February 20 to 28, big holders were selling their XRP. You could see their holdings drop day by day. But then something changed.
After February 28, these same whales started buying again – and buying big. They bought nearly 1 billion XRP in just 24 hours. Their total holdings now sit above 10.2 billion XRP.
Whales bought nearly 1 billion $XRP in the last 24 hours! pic.twitter.com/5KTdhjb0jg
— Ali (@ali_charts) March 3, 2025
The XRP price followed this whale activity closely. When whales were selling, the price went down. When they started buying again, the price shot back up, especially on March 2-3.
This kind of whale buying often means good things for the price. Big investors usually buy when they think prices will go up soon. If they hold onto their coins instead of selling quickly, the XRP price could find solid support going forward.
Also, this level of accumulation provides a buffer against selling pressure and demonstrates strong confidence from the largest XRP investors. The timing of this accumulation – immediately preceding the weekend price spike – suggests these whales may have anticipated the broader market movement.
Read also: XRP Price Prediction – Could This $0.003 Altcoin With a $7 Million Presale Be the Smarter Bet?
XRP Price Forecast: Chart Shows Promise
Captain Faibik’s chart analysis shows XRP forming what traders call a “bullish pennant.” This pattern looks like a flag on a pole. First, there’s a big price jump (the pole), then the price moves sideways between two lines that get closer together (the pennant).
For the past few months, XRP has been making lower highs and higher lows inside this pattern. This usually means a breakout is coming, likely in the same direction as the initial move up.
$XRP Bullish Pennant formation on the Daily timeframe..!!
— Captain Faibik 🐺 (@CryptoFaibik) March 4, 2025
Looks Promising for another +80-100% Bullish Rally in the Midterm..📈#Crypto #XRP #XRPUSDT #XRPArmy pic.twitter.com/AYaqC5Nibs
Faibik thinks XRP could hit around $5 if it breaks out. That would be more than double the current price of $2.34.
The bottom line of the pattern has been strong support. Every time XRP drops to this line, buyers step in. The top line around $2.80-$3.00 has been tough resistance though. XRP has tried to break through several times but hasn’t managed it yet.
If XRP finally pushes through $3.00 with heavy trading volume, we could see that move toward $4-5 in the coming months. If it fails, XRP might fall back to test $2.00 before trying again. Keep an eye out for a daily close above $2.80-$3.00 with strong volume – that would be the signal that the big move is starting.
In his XRP chart, Faibik specifically outlined both bullish and bearish scenarios. While the main projection shows a potential 80-100% rally, he shows that failure to break out could lead to a retest of the lower trendline around $2.00. This balanced view provides a complete picture of the critical support and resistance levels that traders should monitor in the coming weeks as XRP tests the upper boundary of this long-term pattern.
Read also: Pro-Ripple Lawyer Explains Why Adding XRP to Crypto Reserve Is a Smart Move
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