XRP Surges 3.97% Amid Whale Activity, Eyes $2.60 Resistance

A significant transfer of 66.9 million XRP, valued at over $143 million, between unknown wallets has sparked renewed interest and speculation around the token. This substantial whale activity coincides with XRP maintaining a strong position above the $2.00 psychological support level. At the time of reporting, XRP was trading at $2.12, reflecting a 3.97% gain over the past 24 hours. This has shifted attention to whether this bullish momentum can drive a rally toward the $2.60 resistance level.

On-chain data reveals that XRP’s total exchange reserves stood at $6.066 billion, marking a 5.9% increase in the past 24 hours. Typically, rising exchange reserves indicate a potential increase in selling pressure as more tokens become accessible for trading. However, not all inflows lead to immediate dumps. Sometimes, these transfers are strategic, preparing for upcoming liquidity events or major accumulation zones.

Technically, XRP is respecting a well-defined range, bouncing strongly from the $2.00 support level for the third time since early March. The current structure suggests the formation of a higher low, signaling a bullish shift in momentum. If buyers push the price above the $2.61 resistance level, a swift move toward the $3.39 region could unfold. Additionally, a breakout above this range would confirm trend continuation, attracting fresh momentum traders into the market.

On-chain metrics showed encouraging signs of renewed network participation. Active addresses grew by 0.92% over the past 24 hours, reaching 21,057 unique wallets. Additionally, the transaction count also rose by 0.96%, crossing 1.94 million. These increases reflect rising user engagement, often preceding or accompanying price rallies. Therefore, the uptick in address activity aligns with the growing optimism surrounding XRP’s near-term potential.

The Binance liquidation heatmap shows dense liquidation clusters between $2.15 and $2.25. These levels could act as short-term hurdles, yet they also serve as fuel for a potential breakout. Once price breaches these areas, short liquidations may trigger a cascading push toward $2.60 and possibly higher. Therefore, this setup could quickly shift into a high-volatility rally if momentum sustains.

XRP appears to be on the verge of a breakout toward $2.60. Strong whale movement, bullish technical structure, growing on-chain activity, and layered liquidation levels support this outlook. Unless a sharp reversal breaks below $2.00, XRP’s momentum remains firmly intact. Traders should prepare for a potentially explosive upside move.