XRP Accumulation Reaches 300,000 Wallets Holding Over 10,000 Coins

A significant accumulation trend for XRP is underway, with whales increasing their holdings. This trend indicates a potential bullish outlook as XRP may break out of its current price range.

XRP Whale Activity

Over 300,000 addresses now hold 10,000 XRP, indicating rising confidence among large holders.
Analysts suggest this accumulation could precede a major event in the XRP ecosystem, possibly the launch of an XRP ETF or resolution of the Ripple SEC lawsuit.
The chance of XRP ETF approval by the SEC this year is estimated at 90%, which may drive up the token's price significantly.
The conclusion of the Ripple SEC lawsuit could also lead to increased clarity and price surge; both parties have reached an agreement awaiting court approval.
Whales holding between 10 million and 100 million XRP purchased approximately 900 million XRP in the past month.
71.54% of traders on Binance futures with open XRP positions are currently bullish.

Price Predictions

XRP faced resistance between $2.2 and $2.36, dropping to around $2.13.
Analysts forecast a potential price surge with projections reaching $3 initially, followed by $4.4 and then $6.3.
A rise to $4.4 would set a new all-time high for XRP.
Support level to monitor is at $1.88.

The current price of XRP is approximately $2.12, reflecting a 2% decrease over the last 24 hours.