After several days of consolidation, the XRP price is building strength near a critical resistance zone, sparking optimism among market participants. However, growing whale activity and profit-taking suggest that traders remain cautious, waiting for stronger confirmation before committing to the next leg up.
**XRP Price Holds Steady Amid Profit-Taking and Rising Volume**
As of November 11, 2025, XRP trades at $2.45, marking a modest 1.16% daily decline from $2.48. Despite the dip, trading volume surged by more than 34%, reaching $6.14 billion in the last 24 hours. This increase in volume during a pullback often signals repositioning among traders rather than panic selling, indicating potential accumulation ahead of XRP’s next move.
XRP was trading at around $2.45, down 3.15% in the past 24 hours at press time. The steady price action and high volume have pushed XRP’s total market capitalization to roughly $147.5 billion. While short-term selling persists, the broader structure remains bullish as long as prices hold above the $2.15-$2.20 demand zone.
**Analysts Spot Bullish ‘W’ Formation**
Technical analysts are closely watching a bullish “W” pattern forming on the 12-hour XRP/USDT chart—a classic double-bottom structure that signals reversal potential. According to crypto trader Steph_iscrypto, “Support around $2.00 remains firm, with a possible breakout above $2.53 that could propel XRP toward $3.25 if volume confirms the move.”
This bullish pattern, alongside Ripple’s recent regulatory progress, aligns with broader market optimism. Still, analysts caution that social media enthusiasm surrounding the “W” formation could amplify volatility as traders rush to interpret similar chart setups shared across X.
**Whale Activity Sparks Mixed Sentiment**
On-chain data adds another layer of intrigue. Analyst Ali recently noted that, “90 million XRP were sold by whales in just 72 hours,” referencing a Santiment chart that showed large holder activity earlier this month. Over 6 billion XRP moved during this period, corresponding with a price decline from $3.30 to $2.30.
This suggests renewed interest from retail investors, possibly taking advantage of lower entry points. Historically, similar whale sell-offs have coincided with short-term bottoms and recovery phases, giving bulls reason to remain optimistic.
**Technical Outlook: Resistance at $2.65-$2.70 Key for Bullish Continuation**
From a technical standpoint, the current XRP price faces strong resistance between $2.43 and $2.65, where multiple moving averages (20, 50, and 100-day EMAs) have converged. This range has capped every rebound since September, making a daily close above $2.70 the key trigger for a sustained breakout.
A breakout above $2.70 could propel the XRP price toward $2.90 and possibly $3.10. Yet, bulls have successfully defended the structural base between $1.95 and $2.15, preventing deeper corrections.
Notably, open interest in XRP futures has recently climbed to $4.11 billion, indicating increased speculative positioning. However, a combination of rising open interest and falling prices typically signals new short entries, suggesting traders are bracing for volatility near the resistance zone.
**Traders Await Confirmation Before the Next Move**
The setup for Ripple (XRP) now appears binary: a decisive breakout above $2.70 could trigger a bullish reversal toward $2.90 and eventually $3.10, while another rejection may push prices back toward the $2.15 accumulation pocket.
Overall, sentiment remains mixed but cautiously optimistic. With whale activity stabilizing, technical structures tightening, and buyers defending key levels, XRP’s next move could determine the tone for the rest of November. Traders now await confirmation—and potentially, the start of the next major XRP price rally.
https://bitcoinethereumnews.com/tech/xrp-price-today-xrp-forms-bullish-w-pattern-as-traders-eye-breakout-above-2-53/
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