XRP Price Prediction: After a weekly rise of 20%, it encounters whale selling pressure! $108 million in chips transferred to the exchange, the technical outlook is bullish but caution is needed against pullback risks?

Ripple(XRP) has shown strong performance over the past week, with prices soaring 20%. However, recent signs suggest a weakening bullish momentum, raising discussions in the market about a pullback. On-chain data indicates unusual activity from Whales, with two transfers totaling 33.39 million XRP (worth $108 million) to Coinbase within 24 hours, while exchange reserves have simultaneously risen, possibly signaling profit-taking by long positions. The technical analysis shows conflicting signals: the daily chart has broken the descending trend line, the 4-hour chart has formed a bullish flag and is beginning to show an unconfirmed head and shoulders pattern, and the Bollinger Bands indicate strength, although prices are approaching the upper band. The key liquidation zone shows $3.134-$3.334 as the battleground for bulls and bears, with the new high target of $3.80 presenting both opportunities and short-term selling pressure risks.

[After a strong rise, XRP long positions show signs of fatigue] Ripple ( XRP ) has seen remarkable gains over the past week, with price charts indicating a 20% rise. However, XRP long positions may currently be losing momentum, sparking heated discussions in the market: is the price about to enter a cooling period, or is it gathering strength for another push?

[Whale Activity Raises Concerns, Exchange Reserves Surge] The latest on-chain data raises important questions about the sustainability of this recent rise. For example, the whale monitoring platform Whale Alert marked two large transfers within just 24 hours. These two transactions totaled 33.39 million XRP, worth up to $108 million, and all flowed into the exchange Coinbase.

This is not an isolated event. CryptoQuant data shows that as more XRP flows into centralized platforms, exchange reserves continue to rise. Such inflows usually indicate that long-term holders are taking profits, which reinforces the argument for a short-term bearish outlook on XRP, and concerns about Whale sell-offs are intensifying.

(Source: CryptoQuant)

[Technical indicators are mixed, key patterns await confirmation] As of the time of writing, the trading price of XRP is $3.25, having risen 2.5% in the past 24 hours. However, it is important to note that its trading volume has decreased by 15% compared to the previous trading day. The decline in participation may indicate that some traders are choosing to wait and see as the price approaches historical highs.

Technical analysis presents a complex situation:

(Source: TradingView)

• AMBCrypto analysis points out that XRP has broken through the descending trend line resistance on the daily chart.
• Subsequently, it broke through the bullish flag pattern on the 4-hour timeframe.
• At the time of writing, the price seems to be brewing an unconfirmed Inverted Head-and-Shoulders pattern.

If the latest breakout of the Flag and Pole pattern is valid, the price of XRP is expected to rise another 15%, challenging the historical high of $3.80. The bullish engulfing candle formed in the past week may further strengthen this optimistic outlook.

In addition to the price pattern, the Bollinger Bands indicator also highlights the overall strong bullish momentum. However, since the price is currently hovering near the upper band of the Bollinger Bands, a slight pullback before further upward movement cannot be ruled out.

Finally, the Relative Strength Index (RSI) reading of 59 indicates that XRP long positions may still have some room for upward momentum, as the market has not reached an overbought state.

[Get Liquidated Intensive Zone Reveals Key Battleground for Long and Short Positions] As of the time of writing, the key liquidation levels are located below at $3.134 and above at $3.334. Around these price areas:

• Traders have established long positions worth $170.01 million.
• In contrast, short positions are only $24.85 million.

This stark contrast in long and short positions may indicate that bullish XRP holders currently dominate the market and are willing to extend the rise. $3.134 and $3.334 thus become key price fortresses contested by both sides.

Conclusion: XRP faces a key decision after a strong weekly rally. On the one hand, the transfer of $100 million chips to the exchange and the decline in trading volume hint at the risk of short-term profit selling pressure; On the other hand, the breakout of key trend lines, potential bullish patterns and Bollinger bands, RSI indicators still support upside expectations. The range of $3.134-$3.334 will become the main battlefield for longs and bears, and if it can firmly support and attract incremental funds, the target of a new high of $3.80 can still be expected. Investors need to pay close attention to the dynamics of exchange inflows, changes in volume and energy, and the gains and losses of key technologies, and be wary of two-way risks under high volatility.