XRP Price Consolidates Above $3: Is a Breakout on the Horizon?

XRP is once again under the spotlight as retail traders fear, uncertainty, and doubt (FUD) surges to its highest level in 6 months. According to Santiment, a market intelligence platform, social media chatter has turned mostly bearish for two of the past three days, a pattern that, historically, has signaled prime buying opportunities for XRP.

Does it mean XRP is ready for a major breakout?

XRP Market Sentiment Turns Bearish

Over the past few days, XRP has seen more negative comments than positive ones on social platforms. Data from Santiment shows the bullish-to-bearish ratio fell to 0.86 on October 6 and even lower to 0.74 on October 4 — showing strong fear among traders.

In the past, such fear has often come before price jumps. The last time this happened, during Trump’s tariff news six months ago, XRP rallied 17% in just one day.

This is a big change from mid-September, when traders were overly confident and XRP soon dropped. Now, with fear taking over again, the setup looks more balanced and could favor a recovery.

XRP Whale Activity At Its Peak

Despite the gloomy talk, whales are quietly accumulating XRP in huge numbers, reflecting a growing interest in the coin. Santiment data shows that over the past week, addresses holding 10M–100M XRP have added nearly 120M tokens ($340M in value), bringing their control to 8% of the total supply. 

Simultaneously, short-term investor accumulation has reached all-time highs, with the 1–3 month holding cohort growing from 10% to 13.8% in early October.

Such large-scale moves often suggest repositioning ahead of a bigger shift.

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XRP Price Eyeing $3.60

XRP has been trading between $2.97 and $3.05 over the past 24 hours, holding steady above the important $2.80–$2.90 support zone. Meanwhile, top crypto chart analyst Ali Chart notes that the token is now approaching a key level near $3.15, a point that could decide whether XRP continues its climb or faces a pullback.

After weeks of moving sideways, XRP is showing signs of strength, building higher lows on the chart. This usually means buyers are slowly gaining control. If XRP can close above $3.15, it may rally toward $3.60.

On the other hand, if it slips below $2.90, a short-term correction is likely before another push higher.

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