The cryptocurrency market is witnessing a historic moment as XRP has surged to $3.45, marking an impressive 38% weekly gain and reclaiming its position as the third-largest cryptocurrency. This bullish move represents XRP’s highest price point since 2017, fueled by significant whale accumulation, technical strength, and improving market conditions.
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Whale Activity & Technical Strength
The recent rally is strongly supported by large-scale investor activity and bullish chart patterns:
Singapore-based whales have accumulated 2.2 billion XRP in just two weeks.
Over 167 million tokens (worth approximately $497 million) have moved to accumulation addresses.
A rare Golden Cross has appeared on the charts, a historically bullish signal often preceding gains of over 600%.
A confirmed W-formation breakout on the weekly charts indicates strong upside momentum.
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Market Catalysts Driving XRP
Several fundamental factors are pushing XRP’s price to new highs:
Massive Whale Buying: Accumulation coincides with double the average trading volume on major exchanges.
Regulatory Relief: U.S. regulatory progress is reducing uncertainty related to the SEC’s ongoing legal battle.
ETF Speculation: Institutional investors are increasingly optimistic about a potential XRP-based ETF.
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Trading Outlook
Immediate Resistance: $3.85 – $4.00
Strong Support: $3.25 – $3.16
Key Signal: Sustained momentum beyond $4.00 requires volume confirmation.
If whale accumulation continues at the current pace, XRP could test its 2017 all-time high in the coming weeks.
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Bottom Line
XRP’s explosive growth is a combination of strong technical indicators, whale confidence, and improving fundamentals. Traders should keep an eye on the $4.00 level – a decisive breakout here could open the door to historic price action.
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