Large XRP ($XRP ) holders are making significant moves, with nearly $1 billion in coordinated transfers observed recently. This intense whale activity, including two identical 153.2 million XRP transactions, suggests growing optimism for a price breakout. On-chain data reveals a historic accumulation by major wallets, which now control 14% of the circulating XRP supply.
Simultaneously, whale-to-exchange outflows have plummeted by over 93% since early July, indicating a strong hold sentiment and reduced immediate selling pressure. This supply squeeze could precede a significant price surge.
From a technical perspective, XRP is currently consolidating around $3.16 after hitting an intraday high of $3.32. Analysts are keenly watching the $3.35–$3.40 resistance zone, with a breakthrough potentially propelling XRP towards $3.62, and further targets at $3.83 and $4. Reinforcing this bullish outlook, a whale recently opened an $11.44 million long position above XRP's 90-day average.
While Ripple's legal proceedings with the SEC remain a backdrop, these synchronized whale movements could also be signaling broader market catalysts, such as institutional adoption or upcoming ETF developments. The market is eager to see if this coordinated whale action will translate into a substantial upward price movement.$XRP
