XRP Whales’ $500 Million Accumulation Pushes Price Past $2.5
XRP’s price surge past $2.50 follows massive whale accumulation exceeding $500 million, boosting investor confidence and signaling potential upside toward $3.00 if momentum holds.
XRP has witnessed a sharp increase in price as strong investor support, particularly from whales, drives renewed bullish momentum.
The altcoin’s recent recovery follows a notable accumulation phase, with large holders leading the charge. Their activity has strengthened market confidence and also helped push XRP’s price above $2.50.
XRP Holders Are Lifting The Load
XRP whales have played a key role in fueling the asset’s upward movement. On-chain data shows that addresses holding between 10 million and 100 million XRP accumulated over 190 million tokens in the past week. This accumulation, valued at more than $505 million, reflects growing confidence in XRP’s long-term potential.
The buying spree followed a recent price dip, signaling that large holders are buying the correction instead of exiting positions. Such activity often indicates strong conviction among institutional and high-net-worth investors.
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XRP Whale Holding. Source:
The broader market momentum for XRP is also showing signs of improvement. The Chaikin Money Flow (CMF), a key indicator of capital inflows and outflows, has recorded a notable spike over the past few days. The CMF now sits near a three-month high, confirming growing investor participation across both whale and retail cohorts.
A rising CMF typically indicates increasing buying pressure, and XRP’s recent readings confirm that inflows outweigh outflows. This shift suggests that market participants are positioning for continued upside.
XRP CMF. Source:
XRP Price Needs To Secure Support
At the time of writing, XRP trades at $2.65, attempting to establish $2.64 as a new support floor. The token has climbed more than 12% in the past week, marking one of its strongest short-term rallies in months.
If bullish sentiment continues, XRP could extend its rise toward the $2.75 resistance level. Investor support, particularly from whales, may help drive the asset closer to the $3.00 mark, signaling a broader recovery phase.
XRP Price Analysis. Source:
However, if XRP faces renewed selling or bearish market cues, it could retrace to $2.54 or even $2.35. Such a decline would invalidate the current bullish outlook and suggest short-term exhaustion among investors.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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