XRP has witnessed a sharp increase in price as strong investor support, particularly from whales, drives renewed bullish momentum.
The altcoin’s recent recovery follows a notable accumulation phase, with large holders leading the charge. Their activity has strengthened market confidence and also helped push XRP’s price above $2.50.
XRP Holders Are Lifting The Load
XRP whales have played a key role in fueling the asset’s upward movement. On-chain data shows that addresses holding between 10 million and 100 million XRP accumulated over 190 million tokens in the past week. This accumulation, valued at more than $505 million, reflects growing confidence in XRP’s long-term potential.
SponsoredThe buying spree followed a recent price dip, signaling that large holders are buying the correction instead of exiting positions. Such activity often indicates strong conviction among institutional and high-net-worth investors.
Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
The broader market momentum for XRP is also showing signs of improvement. The Chaikin Money Flow (CMF), a key indicator of capital inflows and outflows, has recorded a notable spike over the past few days. The CMF now sits near a three-month high, confirming growing investor participation across both whale and retail cohorts.
A rising CMF typically indicates increasing buying pressure, and XRP’s recent readings confirm that inflows outweigh outflows. This shift suggests that market participants are positioning for continued upside.
XRP Price Needs To Secure Support
At the time of writing, XRP trades at $2.65, attempting to establish $2.64 as a new support floor. The token has climbed more than 12% in the past week, marking one of its strongest short-term rallies in months.
If bullish sentiment continues, XRP could extend its rise toward the $2.75 resistance level. Investor support, particularly from whales, may help drive the asset closer to the $3.00 mark, signaling a broader recovery phase.
However, if XRP faces renewed selling or bearish market cues, it could retrace to $2.54 or even $2.35. Such a decline would invalidate the current bullish outlook and suggest short-term exhaustion among investors.
