XRP, one of the leading cryptocurrencies, is back in the spotlight after a wave of large-scale purchases by major holders, commonly known as “whales.” Over the past week, these whales have accumulated more than $915 million worth of XRP, signaling renewed confidence in the token’s potential despite a market that remains cautious and somewhat divided .
Whale Accumulation: A Vote of Confidence
Addresses holding between 10 million and 100 million XRP have added over 420 million tokens to their portfolios. This significant accumulation comes at a time when XRP has been recovering from recent volatility, with its price climbing 8,4% in the last 48 hours to trade around $2,18 . Such activity from large investors often reflects a belief in future price appreciation, as whales typically position themselves ahead of anticipated market moves.
Mixed Signals: New User Growth Slows
Despite the bullish activity from whales, the broader market sentiment for XRP remains mixed. Notably, the number of new XRP addresses has dropped to a two-month low, suggesting that while existing large holders are optimistic, new retail investors are hesitant to enter the market. This decline in new user growth could limit the token’s ability to sustain a long-term rally if not reversed.
Key Price Levels to Watch
The recent surge has brought XRP close to a critical resistance zone at $2,23 . If the price manages to break above this level, analysts see potential for a further rise toward $2,32, especially if $2,27 can be established as a new support. However, if XRP fails to hold above $2,13, a drop to $2,02 could signal a shift back to bearish sentiment and invalidate the current bullish outlook.
| Price Level | Significance | Potential Outcome |
| $2,13 | Key support | Drop below may trigger reversal |
| $2,23 | Immediate resistance | Breakout could fuel rally |
| $2,27 | Next support if breached | Sustained rise if held |
| $2,32 | Next bullish target | Confirmation of upward momentum |
Market Outlook: Short-Term Optimism, Long-Term Questions
While the whale accumulation is a strong bullish signal, the lack of new retail participation means the rally could be short-lived unless broader sentiment improves. For now, all eyes are on whether XRP can break through the $2,23 resistance and attract new buyers, or if the current momentum will fade as quickly as it appeared.
For those tracking the market, XRP’s next moves will likely be shaped by both continued whale activity and the return of retail interest. As always, investors should stay informed and cautious in this fast-moving environment.
