XRP Price Prediction: Triangle Setup Signals Potential 17% Rally as Whales Scoop 1.5B Coins

Ripple (XRP) price is trading within an ascending triangle pattern that could trigger a 17% move to $1.45 if the resistance at $1.23 breaks. XRP has tested this resistance twice, but it has failed to break out due to retail traders booking profits after the recent gain from $1.05 on June 6 to $1.29 on June 15.

Still, whales and smart money are increasing their bullish bets that the XRP price will make an upside move. This is because whales have bought 1.5 billion coins in six months, while XRP ETFs have seen $10 million in inflows in the last three trading days since June 12.

Whale Buying Could Determine XRP’s Long-Term Outlook

On-chain data from Santiment shows that the wallets that hold at least one million XRP have bought an additional 1.53 billion coins in the six months leading up to June 2026.

The data further shows that these whale wallets collectively hold 74.1% of the entire supply of XRP, and such aggressive buying could be the reason why XRP reserves on exchanges have dropped to 2.69 billion.

The buying behaviour of this cohort exposes XRP price to limited downside risk because the majority of the supply is now held by strong hands that are not quick to sell because of panic.

XRP has also seen a return of institutional buying as SoSoValue data shows that spot XRP ETFs have recorded three straight days of inflows since June 12.

On June 16, inflows to spot XRP ETFs reached a one-week high of $5.30 million, bringing the total inflows recorded within three days to $10 million.

The $5.30 million inflow came from the Franklin Templeton ETF, with that number being the highest seen by the Wall Street giant since May 22.

These whales and institutions are setting up XRP for a bullish long-term outlook as long as they keep buying. The recent XRPL upgrade and institutional partnership could fuel more buying by these cohorts.

XRP Forms Ascending Triangle as Price Consolidates Near $1.23 Resistance

XRP has formed an ascending triangle pattern after making a gradual rise from $1.05 with a series of higher lows before meeting resistance at $1.23.

For the last two trading days, the value of XRP has consolidated near this resistance, with a lack of enough buying pressure from retail traders preventing the price from breaking out.

An ascending triangle is a bullish pattern that usually signals that bulls are about to have the upper hand, but it will only play out if the price can make three straight closes above the resistance level of $1.23.

Making these three closes above $1.23 could trigger a 17% rally to $1.45.

Currently, the MACD histogram bars that are green and on the positive side suggest that the momentum is bullish.

However, the RSI reading of 45 suggests that this momentum remains weak, and XRP needs more buying support for the price to move higher.

If retail buyers remain hesitant and XRP price prints a lower low below $1.12, it will invalidate the bullish triangle setup.

Rising Leverage Ratio Signals Conviction Around XRP’s Short-Term Trend

Data from CryptoQuant shows that XRP’s Estimated Leverage Ratio has climbed to the highest level since January 2026. This suggests that traders are convinced that the short-term uptrend that pushed the price from $1.05 to $1.23 might continue.

The rising leverage ratio could be coming from long buyers because the weighted funding rate has reached the highest level in two weeks at 0.0068% per Coinglass data.

However, this rising ratio can also cause XRP’s volatility to increase if liquidations occur. Long liquidations might push the price down because of forced selling, while short liquidations will force short sellers to buy to close their positions.