In a significant market development, XRP whales have accumulated over 150 million tokens worth approximately $350 million in just 48 hours, potentially signaling an imminent price surge. This massive accumulation comes as XRP maintains stability above crucial support levels, trading at $2.37.
Whale Accumulation Signals Bullish Momentum
According to data from Santiment, shared by renowned analyst Ali Martinez, large-scale holders have been aggressively buying XRP during recent market weakness. This accumulation pattern historically precedes major price rallies, as some analysts project potential gains of up to 5000%.
Technical Analysis Points to Breakout
XRP’s price action shows remarkable resilience, maintaining a trading range between $1.90 and $3.40. Key levels to watch include:
- Current Support: $1.89
- Immediate Resistance: $2.60
- Major Resistance: $3.00
- All-Time High: $3.40
Market Performance and Outlook
Since late 2024, XRP has outperformed many major cryptocurrencies, showing strong resilience during market-wide corrections. The asset has gained over 30% since last Tuesday, with technical indicators suggesting potential for further upside.
Critical Price Levels and Next Moves
For the bullish momentum to continue, XRP needs to:
- Hold above $2.37 support
- Break through $2.60 resistance
- Maintain volume above recent averages
- Convert $3.00 from resistance to support
The next few trading sessions will be crucial in determining whether XRP can capitalize on this whale accumulation to trigger a significant rally. Traders should monitor volume profiles and whale wallet movements for confirmation of trend continuation.