Start ripple wave 5? Breakout could send XRP above $5

XRP Nears Key Breakout Level as Analysts Track Wave 5 Potential; whale wallets offload 2.2 billion XRP, while technicals point towards $5.85.

Analysts are looking for confirmation as price action approaches critical resistance levels.

Drawing a new wave structure

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

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

XRP has completed the Monthly Wave 4 structure.

Now we see the signs of Wave 5 as first 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. A further breakout could bring long-term targets near $5.85 into focus, based on the Fibonacci expansion of 261.8%.

Bullish patterns over shorter periods of time

XRP has also shown strength on the 4-hour chart. Analyst CryptosBatman said the asset recently broke out of a bullish pennant formation. This move followed a recovery from the $2.15 support zone, which had previously acted as resistance. The outbreak indicates increased purchasing activity. If this is the case, near-term targets between $2.30 and $2.60 are in sight.

You might also like:

Another analyst, ChartNerd, pointed out that XRP forms a rectangular bull flag. This pattern shows the price consolidating within a horizontal range after a sharp rise. A breakout above the resistance zone would project a target near $24 based on the height of the flagpole.

Data on the chain shows the distribution of whales

Data from Santiment’s chain shows heavy sales of whale wallets. Addresses holding between 1 million and 10 million XRP have released more than 2.2 billion tokens in the past month. According to Steph Is Crypto, this was the biggest drop since March 2023. Recent updates also show that 460 million XRP was sold in just four days. Whales moved nearly 1.5 billion XRP throughout the month, including 180 million earlier this week.

Despite these moves, the token has seen a mild rebound in recent days. However, whale stocks remain at their lowest levels. Binance reserves have also fallen to 2.7 billion XRP, the lowest in more than a year. Since October, approximately 300 million XRP have left the platform. These shifts reflect the large-scale distribution and potential caution among large investors.