XRP News Today: XRP Whales Bet Big: A Make-or-Break Move Above $3.20

XRP whale activity has recently drawn significant attention in the cryptocurrency market, with large investors purchasing 340 million XRP tokens over the past two weeks. This substantial accumulation suggests growing confidence in the asset’s potential for a price surge, particularly as the token approaches key resistance levels. Analysts, including crypto commentator Ali Martinez, highlight that such whale behavior often signals strong institutional or high-net-worth investor sentiment in favor of the asset’s upward trajectory [1].

At the time of reporting, XRP was trading at $2.83, with a 24-hour trading volume of $4.84 billion and a market capitalization of $168.83 billion. The token has shown a modest 0.9% gain over the last 24 hours, indicating a relatively stable but active market [1]. Technical indicators point to a period of consolidation, with the Relative Strength Index (RSI) at 55.33 and the Moving Average Convergence Divergence (MACD) at 0.26502. These metrics suggest that while the market is not currently overbought or oversold, bulls are maintaining a slight edge [1].

Market analysts have identified key price levels that will determine XRP’s near-term direction. A break above the $3.10–$3.20 resistance range could provide the necessary momentum to drive the token higher, while a failure to hold the $2.70 support level may result in renewed downward pressure. Analyst BitGuru emphasized that these critical levels represent a make-or-break moment for XRP, with traders and investors closely watching for signs of a breakout [1].

Whale activity is further reinforced by a recent uptick in XRP’s trading volume, which rose by 44.84% in the last 24 hours. This increase in liquidity suggests that traders are beginning to reposition themselves ahead of a potential price move. Notably, similar patterns have been observed with Bitcoin , where large investors continue to accumulate despite a 3.88% decline over the past 30 days [2]. This “buy the dip” strategy could be indicative of a broader trend among institutional actors in the crypto space.

The current market environment also reflects broader crypto market dynamics, with XRP being viewed as a key indicator of sentiment. While the token remains under pressure from macroeconomic conditions, the continued interest from whale investors suggests that the underlying fundamentals are still being valued. Analysts are closely watching whether XRP can break out of its consolidation phase and reestablish a bullish trend [1]. If it does, the implications could extend beyond the token itself, potentially signaling a broader recovery in the crypto market.