XRP News Today: XRP Surges 8% as Whales Buy $1 Billion in 3 Days

Ripple’s XRP has seen renewed momentum, with the token rising nearly 8% over the past week amid increased institutional and whale activity. Large investors have reportedly purchased 320 million XRP in just three days, valued at approximately $1 billion at current market prices. This surge in buying pressure is signaling a shift in market dynamics, with reduced short-term sell pressure and a growing sense of bullish sentiment among traders and investors [1].

The recent rally has coincided with broader altcoin strength, particularly in Ethereum, which has also seen strong performance this month. Ripple’s X-Current and XRP Ledger technologies are reportedly gaining traction among traditional financial institutions, especially in cross-border payments, contributing to increased adoption and investor confidence [1]. Analysts have highlighted institutional interest as a key driver of XRP’s recent price action, with major banks and payment firms expanding their use of the XRP Ledger for global transactions.

Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC) has also played a significant role in shaping market sentiment. The potential resolution of the case has removed a key source of uncertainty, offering renewed optimism for long-term price growth and regulatory clarity [1]. Earlier in the month, XRP struggled to gain traction amid lingering concerns over the legal proceedings, but recent developments have helped shift the narrative in favor of bullish momentum.

Technical analysis suggests XRP is currently testing key resistance levels. At $3.3, the token faces immediate resistance, with a successful breakout potentially opening the door to $3.65. Analyst CRYPTOWZRD noted that a move above $3.4 could serve as the next important price target, with $3.23 acting as a key intraday support level [1]. The recent price action has been relatively narrow, but observers are watching for signs of follow-through buying that could confirm a stronger upward trend.

MikybullCrypto has forecast a potential move toward $6–$8 for XRP, based on a breakout above the $2.60–$2.80 range on the monthly chart [1]. This projection assumes continued institutional support and favorable regulatory developments. A similar accumulation pattern in July was followed by a rally that pushed XRP past $3.60, setting a record high. Market participants are closely monitoring whether this latest wave of buying will produce a similar outcome.

The growing institutional and whale interest in XRP reflects a broader shift in the crypto market, with traditional financial players increasingly adopting blockchain-based solutions for cross-border payments. As XRP continues to gain traction in this space, it remains a focal point for traders and investors seeking exposure to a digital asset with strong institutional backing and clear utility [1].

Source:

[1] Ripple (XRP) Rally Gains Steam as Whales and Institutions Pile In (https://cryptopotato.com/ripple-xrp-rally-gains-steam-as-whales-and-institutions-pile-in/)

[5] Ethereum USD (ETH-USD) latest stock news and headlines (https://sg.finance.yahoo.com/quote/ETH-USD/news/)

[6] Latest News & Videos, Photos about crypto data (https://economictimes.indiatimes.com/topic/crypto-data)

[9] Bitcoin: News & Updates (https://cryptodnes.bg/en/tag/bitcoin/page/66/)