Significant XRP holders, commonly known as whales, have acquired more than 280 million tokens, demonstrating robust confidence in the asset’s upside potential despite recent market volatility. This accumulation occurs as XRP retests the critical $3.00 price support level, following a 10% dip from its recent peak near $3.65.
Elevated trading volumes exceeding $13 billion highlight market focus on this key technical juncture. Sustaining the $3.00 support could catalyze a rally toward $4.50, while failure may trigger correction to $1.93. Analysts identify this level as pivotal for XRP’s next directional move.
The whale accumulation underscores institutional sentiment viewing current prices as strategic entry points. Market participants scrutinize XRP’s ability to defend this decisive battleground, which will likely determine its medium-term trajectory.