🐋 Whale Alert: XRP Accumulation Signals Potential Breakout 🔥
😮 Excitement: XRP has recently attracted heavy buying from large holders, or "whales," who accumulated over 420 million tokens (worth $915M) in just one week. This massive on-chain activity suggests that significant players are positioning for a price surge, despite retail investor caution, reflected by a two-month low in new wallet creation.
🧐 Intrigue: Recent whale activity included 280M+ XRP transfers across key dates in June, aligning with a 6% price spike to $2.23 and a single-hour trading volume of over 108 million XRP. While retail momentum lags, on-chain indicators like daily active addresses soaring 442% to 181,000 reflect rising network utility.
📈 Confirmation: The number of wallets holding over 1 million XRP has reached a record high of 2,850, further confirming the accumulation trend. Additionally, XRP experienced a massive 442.7% jump in daily active addresses, hitting 181,000 in just 24 hours. This spike indicates growing user interest and real network activity.
⚠️ Caution: Currently, XRP trades at $2.18, up 4.3 % in 24 hours and 2.7% for the week. Analysts note that XRP must hold above $2.20 to confirm a bullish breakout. If rejected, it may revisit support around $2.05–$2.10. Technical signals are mildly bullish, with a long-standing falling wedge pattern suggesting a breakout toward $3.00, a 35% upside.
🐂 Optimism: Overall, the sentiment among analysts remains bullish. The quiet accumulation by whales, combined with the technical patterns observed in the market, suggests that XRP is building pressure for a potential breakout. However, investors should remain cautious and monitor the market closely, as the cryptocurrency landscape is known for its volatility and unpredictability.