"XRP Whales Accumulate Amidst Consolidation, Bullish Breakout Looms"

XRP, the native cryptocurrency of the Ripple network, has been experiencing a period of consolidation this week, with prices fluctuating within a narrow range. Despite this, large investors, or "whales," have been actively accumulating XRP, suggesting a potential bullish outlook for the digital asset.

As of February 22, 2025, XRP is trading at $2.58, with daily highs and lows of $2.71 and $2.51, respectively. Analysts have identified a key resistance level at $2.80, which, if decisively broken, could trigger a 40% rally to $3.64. However, retail interest remains low, which may hinder a healthy uptrend.

Whale activity has been on the rise, with large addresses holding between 10 million and 100 million XRP tokens recently purchasing an additional 20 million XRP, valued at over $50 million at Ripple's current price. This accumulation suggests that whales are confident in an upcoming recovery and could precede a strong upward move.

Technical analysis of XRP's daily chart reveals that the price has been consolidating for nearly three weeks. A breakout is facing resistance at the 61.8% Fibonacci level of $2.77, while buyers have been defending support at the 38.2% Fib level of $2.39. However, buying pressure is currently weak, and bearish momentum may continue to stifle XRP's performance until retail interest returns.

In conclusion, while XRP's price performance has been sluggish this week, whale accumulation and the potential for a 40% rally to $3.64 suggest a bullish outlook. However, retail interest and market conditions will play a crucial role in determining the digital asset's near-term trajectory.