Technical Patterns and $15.8M Whale Scoop Signal Growing Momentum,Can XRP Break $3.5?

XRP trades within a descending channel, showing corrective structure and potential Wave 3 breakout toward $3.4–$3.5 resistance levels.

Weekly Stochastic RSI signals oversold conditions, aligning with historical patterns that preceded multi-week and multi-month strong XRP rallies.

Institutional ETF inflows of $15.82 million reflect a confident accumulation even with the recent price dips.

XRP is consolidating as the price move shows cautious activity, while technical signals and institutional inflows point to a possible change in market direction.

XRP Technical Analysis Reveals Corrective Pattern

XRP/USD remains within a defined descending channel marked by key support and resistance levels. Technical patterns indicate a prolonged corrective structure, with swing points labeled A–B–C–D–E–F reflecting accumulation phases

Each lower boundary touch has shown progressively higher reactions, signaling exhaustion of selling pressure.Recent chart analysis points to price revisiting the lower trendline at point F, suggesting that downward momentum may be stabilizing

A break above the mid-channel moving average could provide confirmation of bullish pressure returning. This level is marked as a potential “safe buy confirmation” zone near $3.18.

Source: DustyBC Crypto

The Elliott Wave framework projects a possible upward extension toward the $3.4–$3.5 area, representing Wave 3 potential. The wave formation indicates that if structural resistance is breached, XRP may transition from a corrective to impulsive phase.

Momentum and Oversold Conditions Suggest Market Readiness

Weekly charts reveal XRP pulling back from the $2.50–$2.70 region while Stochastic RSI signals deep oversold conditions. Historical patterns show similar momentum resets preceded multi-week or multi-month rallies.

Green vertical bands on the weekly chart indicate cyclical opportunity zones where momentum reset into oversold territory. XRP previously posted gains ranging from +53% to +591% following comparable compressions

These patterns suggest that a price stabilization could precede a stronger bullish cycle.Declining price volatility paired with fully reset momentum points to potential trend reversal preparation.

Source: StephIsCrypto

Observing the Stoch RSI curling upward may indicate the early stages of renewed upward movement. Investors often watch for stabilization before taking positions in these zones.

Institutional Flows Show Continued Confidence

Institutional buying activity in XRP continues amid recent price dips. According to a Nov 21 report by Stephiscrypto, XRP received a $15.82 million ETF inflow despite declining prices

Such inflows indicate institutions are acquiring XRP during market weakness.The same report highlights large concentrated positions in XRP, with 132 million units held, reflecting high conviction in the asset

Diversification is also observed with smaller holdings in Solana, providing exposure to alternative blockchain technology.This behavior illustrates a balance between focused potential in XRP and risk mitigation through diversified positions

Large-scale acquisitions during dips suggest that institutional participants anticipate future price stabilization and accumulation opportunities.

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