XRP has recently surged, reaching $2.39 – its highest level in seven weeks. This rally comes as large investors, known as "whales," significantly increase their holdings. The crypto community is buzzing, and analysts are speculating about a potential breakout toward the $10 mark.
🔹 Ripple Whales Accumulate Over 47 Billion XRP
According to data from Santiment, there are currently 2,742 wallets each holding over 1 million XRP, suggesting growing confidence among major investors in the token’s future. Altogether, Ripple whales now control more than 47.32 billion XRP.
Recently, several large transfers caught attention: more than 25 million XRP (worth over $60 million) were moved from an unknown wallet to Coinbase. Additionally, 200 million XRP were sent from Ripple to an unidentified address, fueling speculation about upcoming strategic moves.
🔹 XRP Records Strongest Quarterly Close in History
The recent surge coincides with XRP’s highest quarterly close to date. The rally is supported by both technical indicators and strong fundamental developments:
XRP is currently the most actively traded token on Upbit, South Korea’s largest exchange, reflecting strong retail demand in Asia.
The ProShares XRP ETF was listed on the DTCC platform, which often precedes regulatory approval for trading in the U.S.
Ripple partnered with BNY Mellon to custody reserves for its RLUSD stablecoin, which has surpassed $500 million in circulation.
Ripple has also applied for a national banking license, aiming to bridge crypto with traditional finance.
🔹 Technical Analysis: Is XRP Heading Toward $10?
XRP has recently broken above its 26-day and 50-day moving averages and has gained over 10% this month. A popular analyst noted the formation of a “divine candle” on the chart, often signaling a major breakout.
The Relative Strength Index (RSI) sits around 65, indicating strength without entering overbought territory. Key resistance lies between $2.40 and $2.50; a breakout above this range could open the path first to $3 and then potentially to $10, according to bullish forecasts.
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