Whales Accumulate XRP; Price to Test $2.03 Amid ETF Interest
XRP faces a potential extension of its Wave 2 correction toward $2.03 amid sustained whale accumulation and growing ETF interest. Technical analysis based on Elliott Wave theory suggests a retest of the $2.03 support level before any bullish reversal. Large wallets have added over 500 million XRP in the $2.10–$2.30 range, signalling strong buy-side activity. At the same time, regulatory filings for XRP-based ETFs are increasing, pointing to significant future spot demand. Traders should monitor on-chain data, momentum indicators and ETF developments closely. A decisive hold above $2.03 could confirm a bullish setup, while a break below may indicate deeper retracement.
Bullish
Whale wallets accumulating over 500 million XRP in the $2.10–$2.30 range demonstrates strong support from large holders, a pattern that has historically preceded price rebounds after corrections. Increased regulatory filings for XRP-based ETFs point to rising institutional demand, further underpinning bullish sentiment. Similar whale-driven accumulation during pullbacks—such as early 2021—led to sustained upward momentum. While a short-term retest of $2.03 may occur, it is likely a healthy correction setting up a bullish reversal. Traders should watch on-chain metrics and ETF approval progress, which could trigger renewed buying pressure and drive long-term gains.