- Ripple’s bullish pennant breakout and rising options interest reflect growing XRP momentum toward the $2.60 resistance zone.
- XRP whale flows stay neutral, while liquidation data hints at a possible short squeeze if Ripple breaks above $2.40.
Ripple [XRP] sentiment has shifted into cautiously bullish territory, with crowd and smart money indicators showing mild optimism at 0.15 and 0.20, respectively.
This synchronized sentiment between retail and institutional players reflects increasing market confidence.
Additionally, options Open Interest jumped by 24.40%, signaling a sharp rise in speculative positioning. At press time, XRP traded at $2.06—down 0.88% in 24 hours.
Therefore, the confluence of strengthening sentiment and derivatives engagement is setting the stage for a potential breakout.
XRP eyes $2.60 as next frontier
XRP has successfully broken out from a bullish pennant pattern after weeks of consolidation within narrowing trendlines.
The structure formed after a strong rally and resolved upward near the $1.7980 support level, indicating trend continuation.
Currently, XRP hovered just below resistance at $2.1665 while forming higher lows—a sign of bullish continuation.
If this breakout holds, the next upside target rests at $2.6010—a zone where previous rallies faced rejection.
However, failure to reclaim this level convincingly could trigger a temporary pullback. Still, the pattern remains structurally intact, favoring bulls in the near term.
Source: TradingView
Whales reposition as exchange flows edge higher
Whale-to-Exchange Flows recorded a marginal uptick of 0.51%, totaling 2.88K XRP.
While the increase appears subtle, it points to strategic repositioning by large holders rather than panic-driven selling. Therefore, this flow likely signals caution and preparation for a directional move.
Additionally, the lack of aggressive offloading suggests confidence in the market’s stability.
As sentiment and options data align with this measured activity, it becomes clear that whales are closely monitoring price levels before making large-scale moves.
Source: CryptoQuant
NVT ratio spike raises short-term caution flags
The NVT ratio for XRP skyrocketed by 136.83%, reaching a value of 838.17.
This sharp rise indicates that the market cap has grown significantly faster than on-chain transaction volume. Therefore, while price momentum remains strong, underlying utility appears to lag behind.
Still, if network activity doesn’t catch up soon, valuation may begin to overheat, warranting caution.
Source: CryptoQuant
Short liquidation zone near $2.60 could trigger breakout
Meanwhile, Binance Liquidation data showed a dense band of short liquidations between $2.03 and $2.10. With XRP priced at $2.067, a move above this pocket could cascade into short covers and upward pressure.
Additionally, cumulative short liquidation leverage continues building beyond $2.16, suggesting even stronger pressure if bulls reclaim that level.
However, long liquidations start to appear just above $2.16, showing that buyers are entering the market with high leverage.
This overlapping zone between short risk and long exposure makes $2.10–$2.20 a critical inflection area.
Source: CoinGlass
Can Ripple reclaim $2.60 and push higher?
All considered, XRP’s technical breakout, climbing sentiment, and surging options interest suggest a bullish continuation.
Whale flows support this narrative with careful accumulation, while liquidation dynamics may offer an explosive trigger.
However, the elevated NVT ratio reminds traders that the price must be backed by stronger on-chain performance.
If XRP can clear $2.1665 and sustain momentum past $2.60, it will likely confirm a broader trend shift and solidify its breakout narrative.
