XRP Whale Accumulation Signals $3.2 Billion Price Pump

XRP has been making some big waves in the crypto market lately, especially with the buzz around massive whale accumulation. It seems the big players have been quietly loading up on XRP over the past week, and this could be setting the stage for a significant price jump for the altcoin.

When you combine these whale moves with the market showing signs of strength, things are starting to look pretty bright for XRP’s future.

XRP Investors Are Betting on a Comeback

Digging into the data, it turns out that whale addresses—those holding between 100 million and a whopping 1 billion XRP—have scooped up an impressive 1.34 billion XRP in just the last week. That’s a staggering $3.26 billion worth! While some wondered if this buying spree was linked to XRP potentially being included in the US Crypto Reserve, it looks like these whales were simply smart shoppers, buying while prices were low.

This heavy accumulation really suggests that these big holders are expecting XRP to climb even higher. Even after XRP took an 18% tumble on Monday, these whales didn’t flinch and kept their holdings, which speaks volumes about their long-term faith in XRP.

Interestingly, the Price DAA Divergence indicator is currently signaling a ‘buy’ for XRP. This comes as investors are showing real grit despite some rocky market conditions. This ‘divergence’ basically means that even though the overall market has been shaky, XRP is showing underlying strength. With more investors choosing to hold tight and fewer rushing to sell, the overall mood around XRP is definitely shifting towards optimism.

If the market continues to improve, this growing buying interest from investors could really fuel XRP’s price upwards. This sets the stage for a potential sustained rally, driven by everyone from the big whales to everyday investors.

XRP Price is Holding Strong Above Key Support

Right now, XRP is trading at $2.45, and it’s managed to maintain its position above the crucial support level of $2.33. After experiencing some pretty wild swings over the weekend, the altcoin has found its footing and actually bounced back with a solid 37% price increase! This positive move suggests that XRP might just have the momentum it needs for further gains, assuming this bullish trend sticks around.

However, even with these encouraging signs, XRP wasn’t quite able to solidify $2.70 as a new support level on Sunday. This little hurdle prevented it from climbing even higher. Looking ahead, if XRP can successfully flip $2.70 into solid support, it could then break through the $2.95 resistance point – bringing it closer to revisiting its previous high points.

On the flip side, if XRP struggles to push past that $2.70 mark, we could see it settle into a consolidation phase above $2.33, similar to what we’ve seen in its past price movements. This could put the brakes on the current bullish outlook and mean we don’t see any immediate upward movement. Instead, we might be looking at a bit of a pause while the market figures out its next move.