😱Unbelievable Whale Surge! XRP Wallets Break 300,000, $2.40 Spike Expected?🚨💥

XRP whale wallets have surpassed 300,000, on-chain activity has surged, hinting at a potential price breakout! Although the price is currently stuck in the $2.16 range, analysts sense a major market move is imminent!

Whales Hoarding Coins Hold Secrets

Analyst Kyledoops points out that over 300,000 addresses hold more than 10,000 XRP, indicating that whales and institutions are brimming with confidence, suggesting a restart of "strategic accumulation." Max Avery adds that XRP's sideways movement reflects institutions quietly accumulating through time/volume-weighted strategies, possibly paving the way for a spot ETF. The ETF craze may gradually start to recover.

Positive Fundamentals Keep Coming

In the first quarter, XRP surged nearly 50%, outperforming Bitcoin and Ethereum, with XRP/BTC rising by 10% and investment products attracting $37.7 million. In April, leveraged ETFs launched, while Franklin Templeton and others await SEC approval for spot ETF applications. Ripple and the SEC settled the lawsuit for $50 million, with a mild market reaction.

Technical Analysis Full of Suspense

XRP holds the $2.05 support and the 200-day moving average ($1.99), with the stochastic RSI indicating oversold conditions. A breakout above the $2.17-$2.19 moving average could lead to a surge towards $2.30-$2.40. However, the RSI is neutral (48.7) and MACD is bearish; if it loses the $2.05 level, it could drop to $1.99.

Whale Breakthrough Insider Information?

Is the whale breakout a preemptive move or just a bluff? Can XRP soar with the ETF and institutional hype? The market is closely watching the charts and whale movements!