XRP Climbs on Whale Accumulation but Faces Key Resistance
XRP advanced from $2.74 to $2.82 over the past 24 hours, supported by nearly $960 million in fresh whale buying even as analysts caution that downside risks remain. The token traded within a $2.70–$2.83 band, showing 5% intraday volatility.
Whales accumulated 340 million XRP in the past two weeks, with institutional flows dominating early trading hours. A morning surge lifted prices to $2.83 on volumes of nearly 165 million XRP — almost twice the daily average — before fading back to $2.77 by the close.
Support at $2.70–$2.74 was repeatedly defended, while $2.83 emerged as immediate resistance. Late-session activity showed steady institutional participation, though profit-taking capped upside momentum.
Technical signals suggest a neutral-to-bullish setup. RSI is holding in the mid-50s, and MACD is edging toward a potential bullish crossover. A symmetrical triangle pattern beneath $3.00 indicates compression, with a breakout above $3.30 opening the path toward $4.00+. Conversely, a loss of the $2.70 floor could expose downside to $2.50.
Market focus now turns to whale positioning and pending spot XRP ETF applications, which may determine whether accumulation leads to a breakout or if seasonal September weakness reasserts itself.
