XRP price targets $3 as whale wallet count hits new all-time highs
XRP is poised for a potential rally toward $3, supported by record-high whale accumulation and decreasing exchange supply.Summary
The price of XRP recently bounced, showing signs of a potential trend reversal toward $3, driven by strong accumulation from large holders. Data from Santiment shows the number of XRP wallets holding at least 10,000 coins reached an all-time high of approximately 317,500, signaling long-term confidence. This accumulation aligns with a significant decrease in XRP supply held on centralized exchanges, dropping from 6.12% to 3.9% in one month, which suggests less immediate selling pressure. For XRP to confirm a bullish V-shaped recovery pattern, the price must first break the critical resistance at $2.59, where the 200-day Simple Moving Average (SMA) lies, followed by the $2.81–$2.95 zone, with the pattern completing near $3.40. Technical indicators, such as the Bollinger Band width reaching its tightest point since June, also suggest a significant price move is imminent.
(Source：Cointelegraph)