XRP Price Eyes Strong Move To $4.40 on Whale Activity and Technical Momentum

XRP has been showing positive momentum in its price action, breaking out of its bullish pattern and seeing increased whale participation. According to Ed_NL, XRP completed five bullish sub-legs before entering an ABC correction that took it towards a vital Fibonacci retracement zone.

After bouncing off from the 0.786 Fibonacci zone and moving above its old bearish pattern, the analyst expects XRP to make another rising wave, which will likely be the third in a more extended trend.

The minimum target for this move is around $4.40 under normal trading conditions, but Ed_NL notes that if the price starts accelerating, the pace could become much faster.

Technical indicators are also favorable, with XRP's price holding above key moving averages. The 20, 50, 100, and 200 EMAs on the four-hour chart still show a positive trend, despite some retracement in momentum after becoming overbought at $1.66.