XRP Price: Hit Its Target, Pulled Back, and Now the Bulls Need to Step Back In

TLDR

XRP hit a ~14% breakout target from a symmetrical triangle pattern, reaching near $1.30 before pulling back Price is now struggling to hold above $1.21 support, with bearish momentum building on the 4-hour chart Analyst Ali Martinez identified the triangle setup; the pattern played out but failed to sustain gains Over $1.8 billion in OTC whale accumulation has been spotted, suggesting institutional interest Long-term triangle analysis projects potential macro targets of $6.50, $13, and $60, though these are scenario-based, not guaranteed

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XRP is trading at around $1.21 after briefly touching $1.29 last weekend. The recent bounce failed to hold, and short-term charts are now showing bearish signals.

XRP Price

Crypto analyst Ali Martinez flagged a symmetrical triangle formation on the XRP chart. The pattern came with a projected 14% breakout target, which was nearly reached when XRP approached $1.30. However, the price pulled back before confirming a sustained move.

The 4-hour chart shows XRP was rejected at the 78.6% retracement level at $1.298. A drop below $1.208 would add further short-term bearish pressure.

Daily trading volume has dropped by 44% in the past 24 hours. Low volume during a price stall is often a sign that buyers are not stepping in with conviction.

Bearish Pressure Builds From Technical Levels

XRP’s 7-day moving average of exchange net position change has been increasingly negative over the past three weeks. This means XRP has been flowing out of exchanges — a pattern often associated with accumulation by longer-term holders.

Source: Glassnode

But accumulation alone does not drive price higher. In February, heavy accumulation followed a major sell-off, yet XRP did not enter a new uptrend. Instead, it ranged and then fell further.

The bounce from $1.14 to $1.29 managed to reach only around the 50% retracement level before pulling back. For swing traders, the risk-to-reward is not favorable on the buy side. Analysts suggest using any bounce toward $1.35–$1.44 as a potential sell opportunity, with a target below $1.05.

Spot XRP ETF flows have been mostly positive this month, which adds a mild bullish counterpoint to the technical picture. Demand was concentrated on South Korean exchange Upbit though, and was not reflected evenly across other platforms.

Whale Accumulation and Long-Term Triangle

Analyst Celal Kucuker shared a post noting that the XRP chart “looks absolutely beautiful,” citing price targets of $3, $8, and $17 as achievable based on the current structure. His view reflects growing optimism among a segment of analysts despite short-term weakness.

The $XRP chart looks absolutely beautiful.
$3
$8
$17
The numbers look so achievable. pic.twitter.com/ErnLIA6RXm

— Celal Kucuker (@CelalKucuker) June 17, 2026

On the macro side, analyst EGRAG CRYPTO has been tracking a long-term “big yellow triangle” structure. This framing sees XRP’s current price action as multi-cycle compression, similar to patterns seen before previous large moves. Past cycles from this structure included gains of roughly 8,000% and 1,900%.

#XRP – The Big Yellow Triangle & The Probability Map ( $6.5, $13 and $60)

This chart is not about daily noise.

It is about the big yellow triangle, the historical pumps from the lower end of the structure, and what probability says about the next projected cycle top.

We… pic.twitter.com/UCRJSmMZG6

— EGRAG CRYPTO (@egragcrypto) June 17, 2026

Based on this framework, scenario-based targets include $6.50, $13, and $60. These are not price predictions — they are projections tied to specific liquidity and sentiment conditions.

Analyst Hailey LUNC XRP reported that whales have accumulated over $1.8 billion in XRP through over-the-counter trades. OTC transactions are conducted off exchanges to avoid moving the spot price, and are often used by institutional buyers.

At the time of writing, XRP trades at $1.20, with a 24-hour volume of $1.62 billion and a market cap of $74.64 billion.

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