Whales Accumulate Up 150 Million XRP in 48 Hours, Sparking Rally Hopes

The XRP market is making waves, and no, it’s not just the usual volatility we’ve come to expect. In a dramatic turn, whale investors have accumulated over 150 million XRP in just 48 hours. This surge in buying activity has sparked fresh hopes of a potential rally, as many market watchers believe XRP could be gearing up for a significant move.

XRP Amid Market Pressure

At the time of writing, XRP is trading at $2.34, down 1.09% on the day. While that might seem like a pretty notable dip, the real story here is the coin’s impressive defense of its $1.89 support level. Despite facing several weeks of selling pressure, XRP has managed to hold its ground. It’s been stuck in a range, oscillating between $1.90 and its all-time high of $3.40. But the key takeaway here is that it hasn’t fallen further, signaling that buyers are still active, and the bulls are ready to make their move.

It’s not just a short-term defense either. XRP has gained 8.38% over the past week, showing resilience even as broader market trends have been more erratic. If XRP can keep this momentum going, it could soon challenge crucial resistance levels. A decisive move past these levels could set the stage for a rally, and that’s where the whales come in.

Whale Accumulation: What Does It Mean?

According to on-chain data from Santiment, over 150 million XRP were accumulated in the last 48 hours alone. Historically, such large-scale accumulation has often preceded price surges, as it indicates growing confidence from institutional players and high-net-worth individuals. Whales aren’t typically in the business of making small bets—when they’re buying up millions of tokens, it’s usually because they see something big on the horizon.

This type of buying activity, particularly in a period of market weakness, is a classic sign that the smart money is positioning itself for a future price spike. For XRP, this could be the signal that the end of its consolidation phase is near. Analysts are now watching closely to see if these whales know something the average retail investor doesn’t.

Can XRP Break Through Critical Resistance?

The burning question on everyone’s mind is whether XRP can break through key resistance zones. After months of holding its range, XRP is now at a pivotal moment. If it can clear the $2.60 mark, it could pave the way for a larger rally, potentially pushing toward the $3 level. A breakthrough at $3 would likely signal the start of a fresh uptrend, opening the door for a possible price discovery phase. For those hoping for a return to all-time highs, this would be a critical development.

But, as always, there are risks. A failure to reclaim $2.60 could lead to another round of consolidation or even a retest of lower support levels. Investors will need to be patient, as market conditions remain volatile. The next few sessions will be key—XRP bulls need to maintain momentum and hold current levels. In the meantime, keep an eye on the whales. Their recent buying spree could be the beginning of something big. However, patience will be key—XRP is still in a consolidation phase, and it’s unclear whether the bulls can maintain control in the coming days.

If XRP manages to reclaim critical resistance levels, we could see the start of an exciting new rally. But for now, all eyes are on the charts, waiting for the next move.