This article was first published by The Bit Journal.
Following months of selling pressure, the fourth-largest cryptocurrency by market value has begun to consolidate and is now forming a bullish Morning Star candlestick pattern.
On-chain data indicates that there was 1.8 billion XRP accumulated around $1.75, forming a base that some analysts believe could usher in the next leg of an uptrend.
At the same time, exchange outflows are rising fast, showing that longer-term holders, not short-term speculators, are positioning for a recovery.
Key Support Areas: Why $1.75-$1.85 Is Important
Data indicates that 1.8 billion XRP was purchased at roughly $1.75, which means it is an important support area. Traders are closely watching this level. If the level holds, it could signal a reversal in the recent downtrend.
A recovery coinciding with the Morning Star formation, could strengthen bullish commitments. The robustness of this support zone is technical and also behavioral as many investors elected to accumulate there.
On-Chain Whales Scooping Up: Large Off Exchange Moves
Almost 300 million XRP left Binance in October, according to new on-chain data from CryptoQuant.
That makes one of the biggest single outflows in recent months, taking Binance’s reserves to about 2.74 billion, a level last seen in mid-2024.
This indicates that long-term holders or whales are moving $XRP from exchange storage, a commonly seen confidence indication than a direct sell pressure.
Further emphasizing this gathering trend, a previously reported 149 million XRP ($336M) suddenly vanished from exchanges in a single day, signifying big off-exchange moving.
Together, these movements suggest traders may be moving from short-term trading to long-term holding.
Technical Signal: Morning Star and Momentum Metrics
Looking at the chart, $XRP has produced a bullish Morning Star, a reversal candlestick pattern right above the support around $1.85 level. This aligns with on-chain accumulation.
Momentum indicators send mixed signals though on the positive side. While ADX is said to be over 34, suggesting strong directional movement, CMF lingers in bearish territory, still showing that selling interest persists.
This convergence of strong support, bullish price structure and signs of accumulation sets up a favorable technical picture.
If buyers can make something out of this, the next leg higher could be standing on firm legs.
Latest Expert Price Outlook
| Analyst / Firm | Time Horizon | Price Target |
| Blockchainreporter / KuCoin | Short-term (weeks to months) | $3.00+ if $1.75 holds and accumulation continues |
| 36Crypto (on-chain flow analyst) | Medium-term | Historically strong November; potential year-end rally |
| Standard Chartered (2025 Outlook) | Long-term (2028) | $5.50 in 2025, up to $12.50 by 2028 (based on institutional adoption) |
Bull Case, Base Case, and Bear Case for $XRP
In the Bull Scenario, $XRP recaptures $1.85 support, rallies taking a lead from strong accumulation. If off-exchange outflow continues, supply tightens, a rally into $3.00+ is possible especially with seasonal tailwinds and renewed investor confidence.
In the Base Case, $XRP moves sideways in a channel between $1.75 and $2.50, consolidating under substantial accumulation by long term holders.
As the supply drain stabilizes here, wider market volatility limit strong break higher in the near term.
In the Bear Case, support at 1.75 gives way. Even if $XRP enjoys accumulation now, institutional or whale dumping could resume, dragging $XRP lower. All these along with low on chain inflows have the potential to ignite the bearish repulse, retouching areas of support beneath.
Conclusion
The recent action on $XRP could also foretell a potential reversal.
Strong support is there around $1.75–$1.85 with 1.8 billion XRP under accumulation and large exchange outflows signify that $XRP long term holders are building a base for more.
The bullish case is further reinforced by the Morning Star formation. While risks remain over the near term, the combination of on-chain conviction and technical structure gives bulls something tangible to work with and the next leg up may not be far behind.
Glossary
Morning Star: A bullish candlestick pattern, which suggests a potential trend reversal following a downward trend.
On-chain data: Metrics that originate from the blockchain, such as exchange flows, wallet balances and token transfers.
Exchange reserves: The quantity of a cryptocurrency that exchanges hold, which investors sometimes use as an approximation for selling pressure.
ADX (Average Directional Index): A technical indicator used to measure a trend’s strength.
CMF (Chaikin Money Flow): Indicator used to measure money flow volume over a specific period of time.
Seasonal performance: A pattern, based on history, in which an asset performs better at a certain time of year.
Frequently Asked Questions About XRP Price Outlook
What it is about $1.75, which has acted as such a solid support level for $XRP?
On-chain data suggests that 1.8 billion XRP was bought around the $1.75 level forming a massive buy wall.
Does $XRP being sent off exchanges always equal a price increase?
Not universally but big outflows often do infer accumulation from some long-term holders or institutions, lowering selling pressures in short term. In $XRP’s situation, almost 300 million XRP exited Binance during the month of October indicating this kind of behavior.
What does the Morning Star pattern mean for $XRP?
On candlestick charts, a Morning Star pattern is a bullish reversal signal indicating that sellers could be losing their grip and buyers could soon take over.
Could $XRP rally soon?
Yes, if it holds support, sees continued accumulation and on-chain out flows, it is certainly possible to get a sizable rally back to $3.00+, depending on what the market looks like.
Are these signals certain to drive up the price of XRP?
No guarantee. Although the data has provided good news, macro factors, market sentiment and other reasons could prevent a breakout. Investors need to pay attention to how $XRP trades at $1.75-$1.85 and the flow in terms of exchanges.
References
The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.
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