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Cryptocurrency News Articles

XRP Whales Accumulate 880M Tokens As Bulls Aim to Break Through Resistance

May 10, 2025 at 11:00 pm

Xrp is now trading above the $2.35 mark, gaining momentum as bulls aim to break through critical resistance on the way to a potential all-time high.

XRP Whales Accumulate 880M Tokens As Bulls Aim to Break Through Resistance

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XRP is now trading above the $2.35 mark, gaining momentum as bulls aim to break through critical resistance on the way to a potential all-time high. This move comes as the broader crypto market enters a new bullish phase, with Bitcoin soaring past the $100K mark and Ethereum reclaiming the $2,200 zone in a sharp rally. XRP, which has long been viewed as lagging behind majors, now shows notable relative strength compared to other altcoins.

Bitcoin whale entry prices diverge sharply - confidence builds at higher levels

Analysts are turning their focus to XRP as it attempts to sustain this breakout, with some calling for a rally that could finally close the gap toward previous cycle highs.

To support the bullish case, new on-chain data from Santiment reveals that XRP whales have returned aggressively, accumulating over 880 million tokens in the past month alone. This surge in accumulation by large holders suggests growing confidence in XRP’s trajectory and is often a signal that smart money is positioning early ahead of a major move.

If current momentum holds and XRP clears its immediate resistance levels, it could be set for a powerful continuation. All eyes are now on the $2.50–$2.80 range, where market dynamics could accelerate rapidly.

XRP builds strength as whales accumulate and momentum rises

XRP has become one of the most resilient assets in the crypto market, showing strength during recent uptrends and support through broader market corrections.

Currently trading above the $2.00 level, XRP is positioned at a critical point where bullish and bearish forces are clashing. The broader market is also heating up, with Bitcoin trading above $100K and Ethereum holding the $2,200 zone after a breakout. However, XRP is displaying remarkable relative strength compared to other altcoins.

According to renowned crypto analyst Ali Martinez, on-chain data from Santiment reveals that whales have accumulated over 880 million XRP tokens in the past month. This level of accumulation is typically a bullish signal and suggests that large players are positioning themselves ahead of a possible rally.

However, macroeconomic uncertainty still lingers. With ongoing trade tensions between the US and China and an increasingly sensitive global financial environment, investor sentiment remains fragile.

If Bitcoin manages to hold its ground and altcoin momentum continues, XRP could be one of the top beneficiaries, setting the stage for a potential move toward all-time highs.

As XRP continues to trade near a pivotal range, the coming days will be essential in determining the next phase. A decisive move above $2.35 could open the door to a strong upward expansion, while holding support above $2.00 will be crucial to prevent a retracement. Backed by whale activity and growing interest from traders, XRP is once again on the radar as a potential leader in the next leg of the crypto bull cycle.

The post XRP Poised For Strong Continuation As Huge Accumulation Paves Way For ATH Shot appeared first on Benzinga.

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Other articles published on May 11, 2025