Quick overview

Live XRP/USD Chart

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XRP has risen sharply as renewed bullish momentum is fueled by strong investor support, especially from whales. Large holders led the recent recovery of the altcoin after a notable accumulation phase. Besides helping push XRP’s price above $2, their activity has boosted market confidence.

XRP whales have played a key role in driving the asset’s upward trend. According to on-chain data, addresses holding between 10 million and 100 million XRP accumulated over 190 million tokens during the past week. This accumulation, valued at over $505 million, suggests growing optimism about XRP’s long-term prospects.

Large holders are buying the dip rather than selling, as evidenced by the buying frenzy that followed a recent price decline. Such activity often signals strong conviction among institutional and high-net-worth investors.

Growth has been limited by a broader downward resistance line, which XRP has recently broken out of. This could mark a bullish wave, supported by increased market participation. Despite skeptics in the community recalling past unfulfilled price expectations, the chart’s formation is a noteworthy milestone. The pattern suggests a multi-year accumulation, increasing the likelihood that volume and momentum indicators will signal a major price move.

Recent trading activity showed XRP has positive momentum; the breakout may still be early, with prices reaching around $2.65 and gains seen over the past week.

Furthermore, signs point to improving market momentum for XRP. A key indicator of capital flow, the Chaikin Money Flow (CMF), has surged in recent days and is nearing a three-month high. This suggests both whale and retail investors are becoming more active.

A rising CMF typically indicates increasing buying pressure, and current readings show inflows are exceeding outflows. This shift hints that market players are positioning themselves for potential gains in the future..