There Are More XRP Whales Than Ever: Will it Trigger a Price Breakout to $2?
Tech There Are More XRP Whales Than Ever: Will it Trigger a Price Breakout to $2? XRP (XRP) has recovered from its April lows of $1.26, rising as much as 19% to a three-week high of $1.50 on Sunday. Whale activity, network growth and a strengthening technical setup suggested that the XRP/USD pair was primed for a move higher once resistance at $1.50 is broken. Key takeaways:XRP whale addresses hit record highs of 332,230, indicating accumulation.XRP Ledger monthly transactions hit an all-time high of 71 million in April.Price must break above the $1.50 resistance to continue its upside toward $2. XRP whales show growing conviction XRP whales remain confident about the prospects of a breakout, using the recent consolidation range to accumulate more tokens. Santiments whale count metric indicates that the number of wallets holding at least 10,000 XRP has reached an all-time high of about 332,230. “This extends a consistent growth trend that has been building since June, 2024,” Santiment in an X post on Wednesday. Rela The market intelligence firm explained that the amount of mid to large stakeholders continuing to grow is an important long-term signal showing that “larger holders have kept accumulating even during periods of volatility and uncertainty,” adding: “Historically, rising numbers of mid-to-large wallets suggest