#USCryptoWeek Today, XRP has surged dramatically—up around 8%—momentarily touching ~$2.96 before settling near $2.78, on extraordinary trading volume (over 375 million XRP traded) and a strong defense of the $2.70–$2.75 support zone .
🐋 Whale-Driven Momentum
The details are striking. A single whale opened a $14 million leveraged long position on Hyperliquid at $2.30—clear evidence of aggressive institutional-backed positioning . Plus, on-chain data reveals a record number of wallets holding 1M+ XRP (2,743), with those whales currently controlling around 47 billion XRP .
💥 Short Squeeze + Retail Buzz
A massive short squeeze is underway: over $31 million in bearish positions were liquidated recently . Meanwhile, social mentions of XRP have surged — nearly 5–6% of crypto chatter now revolves around it, the highest since late March .
🚀 Technical Upside and Next Targets
Analysts are eyeing the $2.90–$3.40 zone as the next resistance band—if we break and hold above $2.90, a push toward $3+ seems viable . Others suggest even higher targets, backed by bullish breakout patterns .
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My take:
Big money is entering. This isn’t just retail hype—it’s large, whale-sized bets being placed. Major leveraged longs and whale accumulation show strong conviction.
Momentum is stacking. High volume, short-covering, and social buzz are reinforcing each other.
The path toward $3.00 (and maybe higher) looks realistic—but the $2.90 zone is a key pivot. A sustained break above could fuel a run toward $3.40 or beyond.
I’ll be watching market volume and whale activity closely—any signs of retreat might mean a pause, but if demand holds, that next level is in view.
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In summary: This feels like the start of a significant rally, not just a quick pump. With whales, technicals, and retail all aligned, I’m keeping a close eye—as long as $2.70–$2.75 stays intact, my bet is on continued upside toward $3+.