XRP has broken a major psychological barrier by soaring above the $2.00 mark. While technical indicators signal strength, much of this recent rally is being powered by whales accumulation — but the key question remains: can these large holders sustain the momentum and push XRP toward $2.50 or beyond?
XRP’s Bullish Signals Strengthen
The recent surge past $2.00 came after XRP overcame crucial resistance levels at $1.980 and $2.050. It now holds steady above $2.10, backed by support around $2.080. The formation of a bullish trendline on the daily chart suggests further upward pressure, and the 200-day Simple Moving Average (SMA) continues to act as a solid support zone.
Key indicators are reinforcing the bullish outlook. The Moving Average Convergence Divergence (MACD) has flipped positive, showing increased buying pressure, while the Relative Strength Index (RSI) is approaching the neutral 50 level — a potential springboard for more upside.
Also Read: XRP’s Strong Recovery: Bulls Drive Price to New Weekly High
Is Whales Accumulation A Sign of Confidence?
One of the strongest drivers behind XRP’s rally is increased whale activity. Data shows large holders accumulating XRP, anticipating further gains. These “smart money” investors often move ahead of retail trends, and their confidence could signal a longer-term bullish phase.
This behavior aligns with broader market optimism, as XRP mirrors the momentum seen in Bitcoin and Ethereum. With capital flowing steadily into the crypto space, XRP stands out as a key beneficiary.
Resistance at $2.20
Despite the strong uptrend, XRP faces critical resistance at $2.20. If bulls can breach this level, the next targets are $2.250, $2.320, and ultimately $2.50. These levels will test the strength of both retail enthusiasm and whale support.
However, failure to clear $2.20 could trigger a pullback toward support at $2.10 or even $2.00. Market volatility remains a factor, and any signs of whale selling could change sentiment quickly.
XRP’s breakout to $2 has marked a significant shift in market dynamics, driven by bullish technicals and whale-backed momentum. While the potential for a rally to $2.50 is real, it depends on continued buying pressure and the bulls’ ability to shatter upcoming resistance.
With market sentiment turning positive and technical in alignment, XRP holders and traders should stay alert — the next move could define the coin’s short-term future.
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