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XRP continued to trade sideways on Friday following a turbulent week marked by a broader crypto market downturn.
Notably, over the past week, the cryptocurrency increased in value by nearly 6% amid broad weakness in the cryptocurrency market.
Meanwhile, according to data from the analytics platform Santiment Intelligence, wallets holding at least 10 million XRP have significantly increased their exposure, signaling growing accumulation by large holders.
According to the platform, these whale addresses collectively control roughly 45.83 billion XRP tokens, worth $68.5 billion at current prices. Almost 68.5% of the total XRP supply is held by these large wallets, the highest concentration among large holders in recent years.
Additionally, analyst MikybullCrypto noted that XRP appears to be breaking out of a long-standing trendline of resistance that has limited its upside in recent months. The shift from consolidation to expansion can be indicated by follow-through momentum, which is why traders pay close attention to such developments.
 
Meanwhile, the broader chart structure suggests that XRP has been compressing within a tightening range, a pattern that often precedes heightened volatility. While a breakout has not yet been fully established, the combination of whale accumulation and improving technical posture is contributing to a more constructive medium-term outlook.
Furthermore, popular analyst Ali Charts has identified the $1.49 level as a crucial level for traders. According to the analyst, a possible shift towards the $1.80 range could occur if activity resumes above this resistance.
According to him, this zone is being closely monitored, as it could signal a breakout of the existing trading channel. However, failure to reclaim and hold above this level could result in continued consolidation or a return to lower support areas.
Moreover, analyst Crypto Patel outlined a scenario in which XRP could continue building through staged accumulation zones before potentially targeting much higher valuations over time. These projections typically emphasize phased buying ranges and the continuation of long-term trends rather than immediate price action.
Meanwhile, while such forecasts are highly speculative, they reflect a broader sentiment among a portion of the XRP community that the asset may still be in a longer-term accumulation phase rather than a fully matured uptrend.
At press time, XRP was trading at $1.365, reflecting a 0.24% gain in the past 24 hours.