XRP News Today: XRP Whales Accumulate 900 Million Tokens as Price Targets $3.6 Resistance

Significant XRP accumulation activity has been observed over the past 48 hours, with large whale addresses scooping up 900 million XRP. This massive buy-in has raised expectations for a potential price surge, with analysts identifying $3.60 as the next key resistance level for the asset. Currently priced at $3.14, XRP remains 18.55% below its all-time high of $3.84, set in 2017 [1].

The broader altcoin market appears to be entering a period of heightened optimism, driven by Ethereum’s recent price performance. With ETH breaking past the $4,100, $4,200, and $4,300 resistance levels, analysts anticipate that the bull cycle is gaining momentum. As Bitcoin’s dominance declines, altcoins—especially those with significant on-chain activity and institutional developments—are expected to take center stage [1].

Among the altcoins showing potential, Ripple’s XRP has emerged as a top contender. The asset has seen a resurgence in whale activity, which often correlates with price increases in previous market cycles. Analysts highlight XRP’s unique narrative, including its ongoing legal resolution with the U.S. Securities and Exchange Commission (SEC), as a catalyst for a significant rebound. With a proven track record of institutional partnerships and blockchain upgrades since the last bull cycle, XRP is being closely watched as a potential breakout asset [1].

According to recent analysis, XRP is currently building momentum with key price levels in focus. $3.27 is considered the immediate resistance, and a successful breakout from this level could propel the price toward $3.60. Whale accumulation in recent days suggests that major players are positioning themselves ahead of a possible upswing, reinforcing the bullish case for XRP in the short term [1].

Source: [1] Whales Scoop 900 Million XRP in 48 Hours, XRP Price Sets Eyes on $3.6 as Next Pump Target (https://cryptonewsland.com/whales-scoop-900-million-xrp/)