After a strong rebound over the weekend, many altcoins are pulling back - but XRP seems to be an exception, supported by a wave of whale accumulation backing the bullish XRP price prediction.
In the past 8 days, large XRP wallets have increased their token holdings by over $758 million.
According to Santiment data, wallets holding 10 to 100 million XRP increased their total holdings from 7.51 billion to 7.76 billion tokens - a significant growth of 3.3% in a short period.
Meanwhile, XRP trading volume has doubled in the past 24 hours, currently reaching $7.5 billion, accounting for nearly 5% of the circulating supply.
On Friday, as XRP briefly soared to $3.10, trading volume reached $10 billion. Although it pulled back from that level, the price reclaimed it on Sunday, showing resilience near that key resistance level.
The 1-hour chart shows strong selling pressure in the $3.10 area, but as whales continue to buy below the psychological level of $3, the momentum for a breakout seems to be strengthening.
With wealthy investors getting ready in advance, XRP may be preparing for the next leg up.
XRP Price Prediction: Confirming a breakout above $3.4 will initiate a rebound to $10.
The daily chart shows that XRP has been consolidating for months, as the price has been bouncing between $2 and $3.4.
The consolidation pattern occurred after a big move, such as the rebound we saw from November to January, triggered by President Donald Trump's victory in the U.S. presidential election and a favorable ruling that marked the beginning of the end of the long-standing legal battle against Ripple.
Market conditions were favorable at the time, as the current administration had pushed several initiatives supporting the crypto industry, such as the (Genius Act).
In this environment, Ripple's vision to become the preferred decentralized solution for cross-border payments will continue to make progress.
The chart shows that a breakout above $3.4 could trigger a massive rebound to $10, as it would confirm the continuation of the uptrend we saw from November to January.
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