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XRP has recently experienced a significant price increase, climbing to $2.39, its highest level in over seven weeks. This surge coincides with renewed interest from large-scale investors, commonly referred to as "whales," who have increased their holdings substantially—signaling renewed confidence in Ripple’s long-term potential.

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🔹 Whale Activity Surges: Over 47 # XRP Accumulated

Blockchain analytics platform Santiment reports that 2,742 wallets now hold over 1 million XRP each, bringing the total whale-controlled supply to more than 47.32 billion XRP. This increase in high-volume holders is often seen as a leading indicator of bullish sentiment.

Recent on-chain data highlights two notable transactions:

Over 25 million XRP (valued at more than $60 million) was transferred from an unidentified wallet to Coinbase.

Ripple Labs itself transferred 200 million XRP to an undisclosed address, prompting speculation about potential strategic or institutional developments.

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🔹 XRP Marks Its Strongest Quarterly Close on Record

The current rally aligns with the strongest quarterly close in XRP’s history. This momentum is supported by both technical strength and a series of significant ecosystem developments:

XRP is currently the most traded asset on Upbit, South Korea’s largest cryptocurrency exchange, reflecting strong retail interest in Asian markets.

The ProShares XRP ETF has been listed on the DTCC (Depository Trust & Clearing Corporation) platform—a potential signal of upcoming regulatory approval in the U.S.

Ripple has entered a custody partnership with BNY Mellon to manage reserves for its RLUSD stablecoin, which now exceeds $500 million in circulation.

The company has also submitted an application for a national banking license, aiming to deepen its integration with traditional financial systems.

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🔹 Technical Outlook: Could XRP Reach $10?

From a technical perspective, XRP has broken above both its 26-day and 50-day moving averages, gaining more than 10% month-to-date. Analysts are paying close attention to the appearance of a “divine candle” formation—a chart pattern historically associated with major upward breakouts.

The Relative Strength Index (RSI) currently sits around 65, indicating strong momentum without entering overbought territory. Key resistance is expected between $2.40 and $2.50. A confirmed breakout above this zone could lead to further upside targets, starting at $3 and potentially extending to $10, according to several bullish forecasts.

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📌 Key Takeaways

Whale accumulation suggests increasing institutional confidence in XRP.

Historic quarterly performance and new partnerships point to long-term growth.

Technical indicators support the possibility of further gains—pending resistance breakout.

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Disclaimer:

The information provided in this article is for educational purposes only and should not be considered as investment advice. Cryptocurrency investments are subject to high volatility and risk. Always conduct your own research and consult a licensed financial advisor before making investment decisions.

#BinanceHODLerLA #BinanceTurns8

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