"XRP Surges 297% Against Bitcoin, Whales Accumulate Amidst Market Stagnation"

XRP's remarkable 297% gain against Bitcoin since November has sparked significant whale accumulation, signaling a potential continuation of bullish momentum. This substantial rise in the number of large wallet holders indicates growing investor confidence and interest in XRP, even amidst market stagnation. According to a spokesperson from COINOTAG, investors are clearly positioning themselves for potential future gains, reflecting the overall bullish sentiment surrounding XRP.

One of the most notable trends supporting Ripple's price action is the increase in large wallet holdings. Data from Santiment revealed that wallets containing at least 100K XRP have surged by +0.8% since early December. This accumulation suggests that key stakeholders are positioning for potential future gains, reinforcing bullish sentiment around the asset.

Analysis of the XRP/BTC chart reveals that XRP has significantly outpaced Bitcoin over the last 14 weeks, contrasting sharply with the broader crypto market, where most assets have seen lackluster price action. This resilience alongside continuous accumulation by significant holders raises the prospect of sustained momentum, particularly if Bitcoin remains range-bound.

As of the latest market data, XRP was trading at $2.6881, indicating a 1.81% decline for the day but still on a weekly uptrend. The 50-day Moving Average (MA) stands at $2.6778, while the 200-day MA was positioned at $2.3202—indicating a bullish trend structure. However, analysis via Bollinger Bands suggests it is approaching its upper limit, pointing to potential short-term volatility.

The Accumulation/Distribution (A/D) metric is observed at 5.98 billion, indicating ongoing buying pressure despite minor corrections. Should this buying trend persist, XRP could sustain its bullish trajectory with a potential target nearing $3.00 in the upcoming weeks.

The market will closely monitor whether large XRP holders continue their accumulation trends or start distribution. If the trend of growing large wallets persists, XRP could maintain its upward momentum. Conversely, a slowdown in whale activity or increased selling pressure could lead to a potential corrective move towards key support levels around $2.35.

Given XRP's significant resilience, investors should be attentive to whale wallet movements and the broader BTC market conditions, as these factors