XRP Whales’ $500 Million Accumulation Pushes Price Past $2.5
XRP's price surpassed $2.50, driven by significant accumulation of over $500 million worth of tokens by large holders (whales).Summary
XRP has experienced a sharp price increase, breaking above $2.50 due to strong bullish momentum fueled primarily by whale activity. Addresses holding between 10 million and 100 million XRP accumulated over 190 million tokens in the past week, valued at more than $505 million, signaling high conviction among large investors who are buying the recent price correction.
Further supporting the rally, the Chaikin Money Flow (CMF) indicator has spiked to a three-month high, confirming increased capital inflows across both whale and retail segments, suggesting growing buying pressure.
At the time of reporting, XRP traded at $2.65, aiming to establish $2.64 as support, with potential upside targets at $2.75 and possibly $3.00 if sentiment holds. A failure to maintain this level could see a retracement toward $2.54 or $2.35.
(Source：BeInCrypto)