Ripple (XRP) surged past the $0.60 resistance as its price witnessed a significant pump following a buying spree by XRP whales. As a result, XRP is up almost 10% over the past week as it finally broke out of its sideways phase. As we can see in the price chart, XRP had been unable to push above $0.60 since September 14, when it surged past the 50-day SMA. Since then, it had been trading in a narrow range of $0.55 to $0.60. This trend also continued last week, with XRP registering a marginal decline on Friday.

However, sentiment changed over the weekend, as XRP rose by 4.41% on Saturday to push above $0.60 and settle at $0.61. Bullish sentiment also persisted on Sunday, as XRP posted an increase of 4.29% to settle at $0.64, with the $0.65 level being the next target. The current session sees buyers remain in control, with XRP up by almost 1%. The weekend surge was the result of XRP whales going on a massive buying spree, leading to a significant price jump. Ripple whales have purchased over 470 million XRP in the past ten days, with buying activity picking up considerably over the weekend.

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