XRP News Today: XRP Surges 28% as Whales Accumulate 2.20 Billion Coins

Ripple whales have been actively accumulating XRP, signaling a bullish sentiment in the market. This significant buying activity has pushed the price of XRP above the $3 level, with the next resistance level anticipated around $3.50 to $3.80. The surge in XRP's price has been driven by a combination of factors, including the diminishing geopolitical and regulatory risks, as well as the growing institutional interest in the cryptocurrency.

According to on-chain data shared by analyst Ali Martinez, whales holding between 100 million and 1 billion XRP have bought a whopping 2.20 billion XRP in just the past two weeks. This massive accumulation coincided with XRP’s surge above $3.00, and suggests that big players are loading up ahead of a possible new leg up. Looking at the chart, you can see how the shaded area representing whale holdings (100M–1B coins) started rising sharply just before XRP’s price spike. That’s a clear sign of growing confidence from major holders, not just retail speculation. It’s worth noting that XRP is now hovering around $3.19 at press time, slightly off the peak but still holding strong.

Whales rarely accumulate at the top – they tend to move early when they see long-term potential. This behavior is indicative of their confidence in XRP's future performance. The recent rally in XRP has been particularly noteworthy, with the cryptocurrency gaining over 28% in a week and reaching a market capitalization of $182 billion. This price movement has triggered liquidations worth $13.09 million, with a significant portion coming from short positions that were caught off guard by the sudden price increase.

The bullish momentum in XRP has been further supported by Ripple's strategic partnerships and expansions, such as the agreement with Ctrl Alt to tokenize property title deeds on the XRP Ledger in the UAE. This deal not only expands Ripple's custody service into the Gulf region but also highlights the growing adoption of blockchain technology in real estate. The accumulation of XRP by whales is a clear indication of their confidence in the cryptocurrency's potential for further growth. This bullish signal is further reinforced by the technical analysis, which suggests that XRP has the potential to reach the next resistance level of $3.50 to $3.80.

But that’s not the only bullish signal flashing for XRP right now. Ali also posted a second chart showing the MVRV ratio (Market Value to Realized Value), and something interesting just happened: the MVRV has flashed a golden cross, meaning its short-term average crossed above its long-term trend. The last time this exact pattern appeared, XRP skyrocketed over 630%. That signal just triggered again, as shown by the orange line (MVRV) crossing over the red 200-day moving average. At the same time, the black price line is curling up with strong momentum. If history repeats, this could mark the beginning of another powerful move.

The key now is whether XRP can hold above the $3 level and continue its upward trajectory. If it can, it could pave the way for further gains and attract more institutional investors to the cryptocurrency market. With so many bullish factors lining up, the next few days will be crucial. If XRP holds the breakout, we might not just be talking about $3 anymore – we could be heading into price discovery territory.