XRP Whales Accumulate 900M Near $3.19, Hint at Breakout
XRP whales accumulated 900 million XRP over 48 hours as the token held steady around $3.19. This large-scale buying by wallets holding 100M–1B XRP reflects growing market confidence and often precedes solid price action. As XRP whales continue buying during price stability, technical analysis shows that XRP’s daily chart printed an inverted hammer after a three-day drop from $3.38. The daily RSI remains above the neutral 50 mark, keeping bullish momentum intact. Key resistance levels sit at $3.38 and $3.66, while support aligns with the 50-day moving average near $2.81. A clear rebound above $3.38 could trigger a rally toward $4. Conversely, a break below $2.81 may weaken the current uptrend. Traders should watch whale accumulation, price stability, chart signals and turnover, which exceeded $8.39 billion in the past 24 hours, to gauge the potential for a near-term breakout.
Bullish
The accumulation of 900 million XRP by whales signals strong buying pressure at current price levels. Historically, similar whale-led buying sprees during periods of price stability have preceded bullish breakouts, as large holders anchor support and reduce available sell pressure. Technical indicators reinforce this outlook: the inverted hammer pattern suggests a potential trend reversal, while the daily RSI above 50 maintains bullish momentum. Key support at the 50-day moving average ($2.81) provides a safety net, and reclaiming resistance at $3.38 and $3.66 could drive a rally toward $4. In the short term, traders may see increased volatility around these levels but a bias toward upside if whales continue to accumulate. Over the longer term, sustained whale interest and rising turnover above $8 billion signal growing confidence in XRP’s prospects. Overall, the data points to a bullish market environment, with a high probability of a near-term breakout followed by further gains.