XRP Hits $3.55 All-Time High on $6.6B Whale Accumulation

XRP has recently achieved a new all-time high of $3.55, driven by a 36% weekly surge primarily fueled by large investors who accumulated over 2.2 billion XRP valued at $6.6 billion within two weeks. This buying activity has pushed XRP close to its highest price since 2018, supported by strong bullish sentiment in futures markets where open interest reached nearly $10 billion, the highest since 2021. The surge is further underpinned by both institutional and retail investor interest, with XRP surpassing Tether to become the third-largest cryptocurrency by market capitalization at approximately $202 billion. Technical analysts identify the $3.30–$3.35 resistance range as critical, with the next key price targets around $3.80 to $4.00, although overbought conditions suggest the potential for a price correction down to $3.00 if investors take profits. The rally coincides with broader cryptocurrency market gains and positive developments such as leveraged ETFs launching in the U.S. and XRP's inclusion in Grayscale's Digital Large Cap Fund, reinforcing confidence among traders and investors.