Ripple Wave 5 Starting? Breakout Could Send XRP Above $5

XRP approaches key breakout level as analysts track wave 5 potential; Whale wallets are offloading 2.2 billion XRP while technical indicators point to $5.85.

XRP is showing signs of a possible new wave in the market structure. Technical indicators and chart formations are aligned with a potential upward movement.

Analysts await confirmation as price action approaches critical resistance levels.

Signs of new wave structure

Dark Defender analyst noted that XRP completed the monthly wave 4 correction based on Elliott Wave Theory. The latest move in the ABC retracement ended near the $1.88 level, in line with the 161.8% Fibonacci extension. This level often marks the end of corrective phases.

The asset is now approaching the descending resistance line. A confirmed break above this trend, combined with a move above $2.22, could mark the beginning of wave 5. According to Dark Defender,

XRP has completed the monthly wave 4 structure.

Now we see wave 5 signals as initial steps.

After breaking the yellow trend resistance, things will quickly escalate above $3.01.

Have an excellent weekend. pic.twitter.com/ProZaYz6z8

— Dark Defender (@DefendDark) November 28, 2025

This level corresponds to the 70.2% Fibonacci retracement level. Further breakout could bring focus to longer-term targets near $5.85, based on the 261.8% Fibonacci extension.

Bullish patterns on shorter time frames

XRP also showed strength on the 4-hour chart. CryptosBatman analyst shared that the asset recently broke out of a bullish flag formation. The move followed a rebound in the $2.15 support area, which previously served as resistance. A breakout indicates increased buying activity. If this continues, near-term targets will be between $2.30 and $2.60 view.

You may also like:

Another analyst, ChartNerd, He pointed out That XRP is forming a rectangular bull flag. This pattern shows the price consolidating within a horizontal range after a sharp move higher. A break above the resistance area would result in a target forecast near $24 based on the height of the flagpole.

The data on the series shows the distribution of whales

On-chain data from Santiment reveals significant selling activity by whale wallets. Addresses holding between 1 million and 10 million XRP offloaded more than 2.2 billion tokens in the past month. According to Steve Is Crypto, this was the biggest drop since March 2023. Recently Updates It also shows that 460 million XRP were sold in just four days. Whales transferred nearly 1.5 billion XRP over the course of the month, including 180 million earlier this week.

Despite these moves, the token has seen a slight rebound in recent days. However, whale holdings remain near record lows. Binance’s reserves also fell to 2.7 billion XRP, the lowest level in more than a year. About 300 million XRP They left The platform since October. These shifts reflect a broader distribution and potential caution among senior bondholders.