XRP Institutional Accumulation Increases Amid Large Transfers, Potential Price Breakout Considered

Key Points

1. XRP price surged to $3.10, marking short-term resistance after recovering from $2.72, indicating potential breakout momentum if sustained above $3.

2. A $60 million XRP transfer from Upbit to an unknown wallet suggests whale accumulation and long-term bullish sentiment, reducing circulating supply on exchanges.

3. Institutional interest in XRP is rising, with companies like Hyperscale and Flora Growth Corp disclosing XRP holdings and planned investments.

4. Hyperscale’s subsidiary, Ault Capital Group Inc., announced a $10 million XRP purchase, reflecting corporate confidence in XRP’s value proposition.

5. Failure to maintain support between $2.55 and $2.40 could trigger a short-term pullback, with market volatility and regulatory developments remaining key risks.