XRP News Today: XRP Gains 3.6% as Whale Accumulation and Technical Indicators Fuel Bullish Momentum

XRP’s 3.6% price surge over the past 24 hours has sparked renewed interest in the cryptocurrency, driven by strategic accumulation from large holders and favorable technical indicators. Despite initial volatility triggered by Ripple co-founder Chris Larsen’s $200 million token sell-off, on-chain data reveals a counterbalancing effort by whales. U.Today reported that large investors purchased over $415 million in XRP within a single day, locking up 47.32 billion tokens across 2,743 wallets holding more than 1 million XRP each. This reduction in liquid supply has stabilized the asset amid regulatory and market uncertainties, signaling institutional confidence in XRP’s long-term resilience [1].

Technical analysis further reinforces the bullish momentum. XRP remains above the critical $3.10 pivot level, with the RSI at 60.39 and the MACD nearing a bullish crossover. Analysts are closely monitoring a potential golden cross between the 9-day and 26-day moving averages, which could propel the price toward $3.34 [1]. The 200-day moving average’s recent bullish alignment adds to the case for sustained upward movement, though traders remain cautious about short-term volatility.

Retail demand has also amplified the surge, particularly in South Korea. Trading activity on local exchanges spiked, with Upbit’s XRP/KRW pair accounting for 14% of the platform’s $3.2 billion daily volume. This surge reflects growing fear-of-missing-out (FOMO) among retail investors, as the Altcoin Season Index rose 115% in 30 days. XRP’s unique positioning as a regulatory rebound and technical breakout candidate has outperformed many altcoins during this period [1].

The accumulation strategy by institutional and high-net-worth investors appears calculated, focusing on lower-tier exchanges and OTC channels to avoid triggering immediate volatility. This behavior aligns with pre-catalyst positioning, as XRP’s ecosystem benefits from recent upgrades and partnerships in cross-border payments. However, analysts caution that maintaining current buying pressure and managing liquidation risks from short-term traders will be critical for the token’s near-term trajectory [1].

Source: [1] Coindoo. [XRP Price Climbs 3.6% in Past Hours: 2 Key Forces Behind the Surge]. https://coindoo.com/xrp-price-climbs-3-6-in-past-hours-2-key-forces-behind-the-surge/

[2] X.com. [Coindoo.com on X: "XRP Climbs 3.6% in Past Hours: 2 Key Forces Behind the Surge"]. https://x.com/coindoo/status/1949112291451875586