XRP Whale Accumulation Spurs 6% Price Surge Above $2.20
XRP Whale Accumulation Spurs 6% Price Surge Above $2.20

XRP Whale Accumulation Spurs 6% Price Surge Above $2.20

News summary

XRP has shown strong signs of a potential breakout as it trades steadily around $2.20, with analysts and on-chain data indicating that institutional investors are accumulating rather than selling. Whale wallets holding XRP have reached a 12-year high, and the number of active addresses has surged, suggesting preparation for long-term holding and possible price gains. Recent trading sessions saw XRP surge nearly 6% with volume quadrupling its hourly average, despite large whale wallet movements including significant transfers to Coinbase and unknown wallets, signaling robust demand that absorbed selling pressure. Technical indicators such as the Chaikin Money Flow above zero and a bullish trend line support the case for an upward move toward the $3 to $3.40 range or higher by Q3 2025, especially if macroeconomic conditions like a potential U.S. Fed rate cut bolster risk appetite. Additionally, retail interest in XRP is growing, as evidenced by rising Google search trends for price targets around $3. The ongoing Ripple v. SEC case remains an important factor, with regulatory clarity expected to act as a catalyst for XRP's next price movement.

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