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XRP forms back-to-back bullish patterns: Is a $1.5 breakout close?

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XRP is getting bought by whales as it forms bullish back-to-back patterns and ledger activity surges.

Posted: March 10, 2026 Avatar

By: Emilio Munoru Journalist Edited By: Saman Waris XRP forms back-to-back bullish patterns: Is a $1.5 breakout close?

Emilio Munoru Journalist Edited By: Saman Waris Posted: March 10, 2026 Share this article

The market is still moving sideways, Bitcoin is still searching for a launchpad, but XRP is choosing the bulls.

Despite bullish signs, the wider market moved slowly. But XRP kept leaning bullish as both the chart and network activity tightened.

That kind of compression does not last forever. So the big question was simple: What was XRP preparing for?

XRP forms an Adam and Eve bottom

XRP [XRP] formed bullish back-to-back patterns—an Adam and Eve bottom inside a tightening ascending triangle—while price continued to respect ascending support during consolidation.

Source: TradingView

At the same time, MACD momentum indicators began turning slightly upward, strengthening the bullish setup. Meanwhile, the neckline stood near $1.5, and a break above it could confirm both patterns at once.

Whale accumulation strengthens

Whales aggressively bought the dip while XRP drifted between $1.3 and $1.5. Since the decline began, large players steadily stepped in. Selling pressure weakened as buyers absorbed liquidity.

However, the Average Spot Order Size gradually declined from late 2025 into early 2026.

Source: CryptoQuant

At first glance, smaller orders looked bearish. In reality, it hinted that heavy positioning already happened earlier.

Therefore, whales likely executed their largest trades before the recent compression phase began. As a result, XRP entered a quieter accumulation stage where price became easier to move upward.

Will XRP see a major explosion to the upside?

According to CryptoQuant data, activity on the XRP Ledger picked up again, with daily transactions nearing 2.5 million.

Notably, this marked a strong jump from recent monthly baselines. Network activity clearly accelerated again. Transaction volume rose sharply as on-chain usage picked up across the ledger.

Source: X

More importantly, Flare directly hinted that it may have played a role in the spike. In a post reacting to the transaction surge, Flare said,

“We might have something to do with that.”

It then added,

“And by we I mean @FlareNetworks and @XamanWallet ;)”

That comment suggested the spike may not have been random. Instead, part of the activity likely came from coordinated usage involving FlareNetworks and XamanWallet.

Real usage returned. Not speculation, not hype. Actual network movement increased, and XRP now has the fuel it needs for a bigger move.

Final Summary

XRP showed tightening bullish structure, whale accumulation, and accelerating XRP Ledger usage simultaneously.
If $1.5 breaks while $1.3 holds, XRP may exit consolidation violently.

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Emilio Munoru

Emilio is a cryptocurrency journalist, with a focus on breaking market news, Bitcoin and altcoin ETF flows, whale activity, liquidity moves, and major exchange listings. His coverage blends technical analysis with macro and on-chain data, helping readers understand how institutional behavior and new market catalysts drive volatility across digital assets. More Articles