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There Are More XRP Whales Than Ever: Will it Trigger a Price Breakout to $2?

Cointelegraph
XRP whale wallet counts have reached record highs, signaling potential bullish momentum as the price targets a breakout above $1.50.

Summary

XRP has demonstrated strong recovery, reaching a three-week high of $1.50. The number of whale addresses holding at least 10,000 XRP has climbed to a record 332,230, reflecting long-term investor conviction despite market volatility. Supporting this growth, the XRP Ledger saw a record 71 million transactions in April, a 65% year-over-year increase driven by institutional utility. Analysts suggest that to reach the target of $2, XRP must decisively break and hold above the $1.50 resistance level, where the 100-day EMA converges with the current technical pattern.

(Source:Cointelegraph)