Whale transactions over 1 million USD signal strategic accumulation, driving XRP's bullish trend.
Price stabilizes near the 2.20 USD–2.50 USD range; a breakout could stimulate bullish momentum.
Recently, XRP has seen a significant increase in whale transactions, with individual trades exceeding 40 million USD.
This strong accumulation aligns with a stable price escalation process, suggesting that institutional investors and high-value asset holders are interested in Ripple's native Token for the next price surge.
As XRP approaches key resistance levels, these movements fuel speculation about whether the Token is ready for a price surge or is merely consolidating in preparation for the next market activity phase.
An increase in transactions exceeding 1 million USD
Recent data reveals a notable increase in XRP transactions by whales, particularly those exceeding the 1 million USD threshold.
The chart highlights two main patterns: a consistent increase in large transactions and their correlation with rising prices.
Transactions worth over 1 million USD peaked alongside price increases, emphasizing the strategic role of whales in XRP's market dynamics.
Source: Santiment
Interestingly, whale transactions have surged, indicating that smaller institutional investors are also joining the game.
Synchronized activity across these levels indicates a strong accumulation phase, with whales enhancing liquidity and stability during bullish rallies.
Such behavior often signals confidence in long-term price potential, as large holders rarely make impulsive trades, further reinforcing XRP's current bullish trend.
Price movement and technical outlook
XRP was trading at 2.2851 USD at the time of writing, reflecting a 1.48% decrease for the day. The RSI at 55.17 indicates neutral momentum, suggesting no overbought or oversold conditions.
OBV at 9.97 billion indicates sustained accumulation despite price consolidation. The volume trend highlights weakening buying momentum as daily volume gradually declines.
The candlestick pattern signals the potential for further consolidation below the 2.50 USD level, with support near 2.20 USD as a crucial area.
Breakout resistance remains at 2.50 USD, a level that has been tested multiple times but without a decisive breakout. Moving averages maintain bullish alignment, indicating a long-term upward bias.
However, the decrease in volatility suggests that whales may be stabilizing the price, waiting for a catalyst for the next movement.
Market drivers and potential impacts on retail investors
XRP's price movement is influenced by institutional activity and recent legal clarity, especially following its victory against the SEC.
Whale accumulation, indicated by high OBV levels and decreasing price volatility, suggests controlled supply. Macroeconomic factors, including market trends and regulatory updates, could be the drivers for the next momentum.
For retail investors, price stability near the 2.20 USD–2.50 USD range signals cautious sentiment, possibly causing short-term traders to hesitate.
The neutrality of the RSI implies limited immediate bullish potential, while declining volume reflects weak participation from retail investors.
A decisive breakout above 2.50 USD could unleash bullish momentum, but failing to hold support at 2.20 USD could trigger sell-offs.
Retail investors should closely monitor volume volatility and news events to anticipate potential fluctuations and adjust their strategies accordingly.
