- In the past week, whale addresses have added 1.34 billion XRP worth over $3.26 billion.
- Despite an 18% crash on Monday, XRP has stabilized at $2.45, holding above the crucial $2.33 support level.
- Technical indicators, including a bullish DAA divergence, suggest renewed buying pressure.
Recent activity on the XRP Ledger shows that whale investors have been quietly accumulating large amounts of XRP, potentially setting the stage for a significant price boost. Over the past week, whale addresses holding between 100 million and 1 billion coins added a total of 1.34 billion XRP valued at over $3.26 billion.
While some speculated this buying was linked to XRP’s inclusion in the US Crypto Reserve, it appears that these large holders are simply taking advantage of low prices, anticipating further gains. Despite an 18% drop on Monday, the whales did not sell, indicating strong confidence in the asset’s long-term potential.
XRP Investors Are Betting on Recovery
The market is showing signs of resilience as the price DAA divergence flashes a clear buy signal. This technical indicator, combined with a growing number of investors holding onto their positions, suggests that XRP is demonstrating strength even amid broader market volatility.
As overall market conditions improve, the continued buying pressure could help push XRP’s price higher, supporting a sustained rally driven by both retail and institutional participation.Currently trading at $2.45, the coin has managed to hold above its key support level of $2.33.
After enduring significant volatility over the weekend, the altcoin posted a 37% price increase that helped stabilize its value. However, XRP still struggled to secure the $2.70 level as support on Sunday—a barrier that has prevented further upward movement. Should XRP manage to flip $2.70 into support, it could then break through the $2.95 resistance level and move closer to its previous highs.
If the coin fails to breach $2.70, the token may consolidate above $2.33, as seen in previous price action. This consolidation could delay the bullish breakout until clearer market signals emerge.
