XRP Surges Above $2.35 as Whales Accumulate 880 Million Tokens

XRP is currently trading above $2.35, gaining momentum as it targets a breakout toward its previous all-time high. Key developments include:

  • Broader crypto market enters a bullish phase with Bitcoin surpassing $100K and Ethereum regaining the $2,200 zone.
  • XRP shows relative strength compared to other altcoins.
  • Whale accumulation has surged, with over 880 million XRP tokens acquired in the past month, indicating increased confidence among large holders.
  • A decisive move above $2.35 could lead to further upward momentum, targeting the $2.50–$2.80 range.
  • Current trading near pivotal levels makes the next few days crucial for determining future price direction.

Despite macroeconomic uncertainties, XRP's bullish indicators suggest it may lead in the next crypto cycle if upward momentum continues.

The price action indicates XRP is testing key resistance after breaking above $2.35. Important points include:

  • Price currently at $2.36, supported by an uptrend of higher lows.
  • Volume has increased, signaling buyer confidence.
  • A daily close above $2.38–$2.40 would confirm a breakout, potentially retesting highs around $3.00.
  • A rejection could result in a retest of support around $2.15.

The combination of price structure, moving averages, and whale activity supports a bullish outlook for XRP.