Significant whale accumulation and heightened network activity are fueling bullish sentiment for XRP, with technical indicators pointing towards potential substantial price appreciation.
The number of XRP wallets holding over 1 million tokens has reached an unprecedented high of 2,700, signaling strong confidence among major holders. This surge in whale accumulation coincides with a notable spike in daily active XRP addresses, which have climbed to nearly 295,000, significantly exceeding the three-month average.
Technical analysis reinforces the optimistic outlook. Bullish momentum signals from key indicators like the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) suggest XRP could target the $3 price level if critical resistance barriers are overcome.
Adding fundamental weight to the technical picture, Ripple CEO Brad Garlinghouse recently articulated an ambitious strategic goal: capturing 14% of SWIFT’s global liquidity share within five years through the XRP Ledger. This underscores Ripple’s commitment to positioning XRP as a major solution for cross-border payments.
Currently, XRP price action is testing the crucial $2.30 resistance level. A successful breakout above this point is viewed by analysts as a potential catalyst for further gains, paving the way toward targets of $2.60 and ultimately $3.