XRP Whales’ $500 Million Accumulation Pushes Price Past $2.5

Core Insights - XRP has experienced a significant price increase driven by strong investor support, particularly from whale investors, leading to renewed bullish momentum [1] - Large holders have accumulated over 190 million XRP tokens in the past week, valued at more than $505 million, indicating growing confidence in XRP's long-term potential [2] - The recent buying activity follows a price dip, suggesting that large holders are capitalizing on corrections rather than exiting their positions, reflecting strong conviction among institutional and high-net-worth investors [3] Market Indicators - The Chaikin Money Flow (CMF), a key indicator of capital inflows and outflows, has reached a three-month high, indicating increased investor participation from both whale and retail investors [4] - A rising CMF suggests that buying pressure is increasing, with recent readings confirming that inflows are surpassing outflows, positioning market participants for continued upside [5] Price Analysis - As of the latest data, XRP is trading at $2.65, aiming to establish $2.64 as a new support level, having risen over 12% in the past week, marking a strong short-term rally [6] - If bullish sentiment persists, XRP could rise towards the $2.75 resistance level, with potential to approach the $3.00 mark, indicating a broader recovery phase [6] - Conversely, if selling pressure increases, XRP may retrace to $2.54 or even $2.35, which would invalidate the current bullish outlook and suggest short-term exhaustion among investors [7]