XRP Price Shows Signs of Recovery After Completing ABC Corrective Pattern
XRP’s price traded around $2.44, marking a 3.36% gain over the past 24 hours and nearly 5% over the week. This upward movement comes after the completion of an ABC corrective pattern, which analysts say may signal the end of the token’s recent downtrend.
### ABC Corrective Pattern Signals Potential Rebound
Over the last month, XRP experienced an 18.4% decline from recent highs, leaving it near the midpoint of its trading range. Traders noticed the market compressing within a narrowing range for several weeks, forming a structure resembling an ABC corrective pattern. According to analyst Mikybull, the completion of the “C” leg often marks the conclusion of a downtrend. XRP reclaimed and held the $2.10 level—an important support area.
This compression phase is said to have created stored energy in the market, which could be quickly released following a confirmed breakout. Traders are closely watching the $3.25 level, identified as a critical resistance point. A daily close above $3.25 would establish a higher high, potentially kicking off a sustained uptrend characterized by higher highs and higher lows.
Mikybull also highlighted a Fibonacci extension target around $6.20 based on the current market structure. This target projects potential future gains contingent on sustained bullish momentum.
### Growing Number of Large XRP Holders
On-chain data reveals positive investor sentiment amid recent price weakness. The number of wallets holding at least 10,000 XRP tokens recently reached a record high of approximately 317,500. According to Santiment, the network saw a 1.8% increase in such wallets over the last 30 days—a trend consistent throughout 2025.
This rise in mid-sized and large holders suggests many investors are accumulating XRP rather than selling during the downturn. The growing base of committed holders may offer price support in the near term. Some analysts predict XRP could reach at least $2.80 before the end of the week if buying pressure continues.
### Institutional Developments Bolster Market Confidence
Regulatory progress and strategic business moves are also playing a role in XRP’s outlook. The U.S. Securities and Exchange Commission (SEC) delayed decisions on XRP ETF applications, pushing deadlines for CoinShares and 21Shares into late 2025. While these delays introduce uncertainty, approved ETFs could bring substantial institutional capital into the market and help counter bearish pressures.
In a major development, Ripple Labs announced the acquisition of GTreasury for $1 billion—its third-largest deal of 2025. GTreasury provides treasury management software used by over 1,000 corporate clients across approximately 160 countries. The acquisition gives Ripple immediate access to a multi-trillion-dollar corporate treasury market and bolsters its position with large enterprise clients previously outside its reach.
Reports also indicate that Ripple plans to raise $1 billion to build an XRP treasury, further strengthening the token’s utility and adoption.
### Outlook
At the time of writing, XRP traded near $2.35, showing resilience despite a challenging market environment. The combination of technical signals, growing holder interest, and strong institutional developments could pave the way for further gains in the weeks ahead. Investors and traders will closely monitor key resistance levels and regulatory updates to gauge the token’s trajectory.
https://coincentral.com/xrp-price-the-two-catalysts-pushing-xrp-toward-major-breakout/
