Ripple Whale Sparks XRP Bullish Buzz with $64M Move
A Ripple whale transferred over 29 million XRP ($64 million) to Coinbase, stirring bullish sentiment as XRP flirts with a key resistance at $2.31.
Analysts see this large transaction as a signal of renewed whale confidence, especially with XRP trading above critical support at $2.1677. On-chain data shows whales holding 10M–100M XRP have added over 200M tokens recently, hinting at institutional accumulation.
Investor optimism is rising amid a possible XRP ETF launch on May 14, and 23% of U.S. crypto investors now hold the token. XRP is currently priced around $2.20, with analysts predicting a breakout if it breaches the $2.31 resistance.
Technical indicators show mixed signals—RSI at 52.44 hints at growing buying interest, while the CMF at -0.13 shows mild outflows. Narrowed Bollinger Bands suggest an imminent price move, with potential targets at $2.50 or $2.80 if momentum builds.
