Whale Accumulation Fuels $3 XRP Speculation

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Whale accumulation, declining balance on exchanges and bullish chart patterns are backing XRP’s potential rally to $3.00.

XRP has been trapped within a tight range over the last eight days. The altcoin was trading just above its $2.00 support after a marketwide recovery over the weekend.

Onchain and technical data now show that the XRP/USD pair is well-positioned for a breakout toward $3.00.

XRP’s price has been consolidating between $2.03 and $2.13 since April 14. The daily relative strength index (RSI) remained flat at around 49 over the same period, signaling market indecision.

Despite this sideways price action, whale activity paints a promising picture, with onchain data showing large investors took advantage of the drop to $1.61.


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