XRP Whales Amass Record $480M, Eye $6.50 Rally
XRP whale wallets have accumulated a record $480 million in the past 48 hours, driving the number of addresses holding at least 10,000 XRP to 317,500, according to Santiment data. This surge coincided with price dips below $2.30 and an open interest decline in XRP futures to near‐June lows (around $3.5 billion), indicating a shift from leveraged speculation to direct spot buying and a more stable market base. On‐chain and technical analysis show XRP trading above the $2.60–$2.70 resistance zone, with support at $2.25–$2.35; a sustained break above $2.70 could unlock targets near $6.50–$6.80. Institutional catalysts bolster the outlook: Ripple’s $1 billion Digital Asset Treasury and roughly $3 billion in acquisitions (Metaco, Hidden Road, Rail, GTreasury) enhance liquidity and utility, while ongoing XRP ETF speculation adds upside potential. Meanwhile, MAGACOIN FINANCE has gained attention after a successful HashEx security audit, positioning its presale as a credible, growth-oriented opportunity for institutional portfolios.
Bullish
The record whale accumulation and declining open interest in XRP futures signal a shift from leveraged bets to spot buying, establishing a stable base and short‐term bullish momentum. Technical indicators—price holding above $2.60–$2.70 resistance and a potential breakout above $2.70—point to further upside. Long-term catalysts include Ripple’s $1 billion Digital Asset Treasury, $3 billion in strategic acquisitions, and ongoing XRP ETF speculation, all of which strengthen fundamentals and institutional demand, supporting a sustained rally toward $6.50–$6.80.