Ripple's (XRP) Value Soars to Two-Month Peak Following Noteworthy Whale Movements

Ripple's (XRP) price has surged past $2.6 for the first time since early March, marking a 10% daily increase. This surge, which briefly made XRP the third-largest cryptocurrency by market cap, came after a successful crypto whale opened a significant long position worth nearly $12 million.

The same entity also recently went long on Ethereum (ETH), resulting in an unrealized profit of over $10 million. This increase in Ripple's value comes after its underperformance compared to other major cryptocurrencies like ETH and Doge. The SuperTrend indicator had previously given a buy signal for XRP with a price target of $2.6, which was surpassed, reaching $2.67.

The next target for XRP is $3 if it can sustainably break the $2.6 resistance.