XRP Price Eyes $2 as Ali Charts Highlights $2.2B Whale Accumulation
XRP is approaching a technical level that could determine its next major move, according to crypto analyst Ali Charts. The analyst says XRP has completed the right shoulder of an inverse head-and-shoulders pattern after rising 27.6% from $1.25 to $1.58.
Ali Charts identifies $1.60 as the critical level for the setup. A decisive move above the neckline could confirm the pattern and, according to the analyst’s technical projection, open the possibility of another roughly 30% advance toward $2.
The chart setup comes alongside a sharp increase in large-holder XRP balances. Data from Santiment, cited by Ali Charts, indicates that large XRP holders accumulated approximately 1.54 billion tokens over a 96-hour period, with the holdings valued at roughly $2.2 billion based on prices at the time.
The accumulation pushed the tracked large-wallet balance to about 9.81 billion XRP. The figure measures changes in holdings among large wallets and does not establish whether every increase represented open-market purchases or reveal the specific intentions of individual holders.
That distinction matters because whale-balance data can show significant changes in ownership without identifying the reason behind those movements. Transfers between wallets, exchange-related activity and other transactions can affect wallet balances without necessarily representing straightforward market buying.
$1.60 Becomes the Key XRP Price Level
XRP’s recent recovery has brought the token back toward a resistance area that several technical analysts are monitoring. Recent market analysis has placed immediate resistance around $1.45 to $1.50, with $1.55 to $1.60 emerging as the next important zone.
Ali’s inverse head-and-shoulders interpretation gives the $1.60 area particular importance. In this type of technical formation, the neckline acts as the confirmation level, meaning a sustained breakout is needed before the projected target can be considered activated.
Related: XRP Whales Accumulate 1.54 Billion Tokens Worth $2.2 Billion in 96 Hours
The pattern remains a technical interpretation rather than a guaranteed market outcome. If XRP fails to clear the resistance area, the setup could remain unconfirmed and the token could continue trading within its existing range.
Other market data shows that XRP has also been experiencing elevated network and trading activity. The XRP Ledger processed more than 2.34 million transactions over a recent 24-hour period, according to data cited by PrimeXBT, although a short-term increase in transactions does not by itself establish a lasting change in network adoption.
The whale accumulation adds another data point to the broader market picture. Large holders increasing their balances while XRP recovers can attract attention because it changes the amount of tokens held by the tracked whale cohort, but it does not guarantee that prices will continue rising.
Can XRP Reach $2?
Ali Charts’ roughly 30% upside scenario would place XRP around $2 if the $1.60 breakout is confirmed and the technical formation plays out as projected. That target is therefore dependent on both price confirmation and continued momentum rather than simply the existence of the inverse head-and-shoulders pattern.
The $2 level has also gained attention because the recent whale accumulation occurred during XRP’s recovery from lower price levels. However, the relationship between whale balances and future price movements is not deterministic, and large-holder activity can change quickly.
Related: Moscow Exchange to Launch XRP Perpetual Futures on September 22
For XRP traders, the immediate levels are therefore more important than the longer-term target. The market must first contend with the $1.45-$1.50 region before a sustained move through $1.55-$1.60 would provide stronger technical confirmation.
If XRP breaks through $1.60 with sustained volume, Ali’s chart-based scenario points toward $2. If the token is rejected around the resistance zone, the inverse head-and-shoulders setup would remain incomplete and the projected target would not be confirmed.
The latest combination of whale accumulation, recovering price action and a developing technical pattern has placed XRP back under close market attention. For now, the $1.60 level remains the central technical test, while the $2 target should be treated as Ali Charts’ conditional projection rather than an expected price outcome.
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