The post Whale Power Propels XRP 26% Weekly Gain as Bulls Eye $3.04 Target appeared on BitcoinEthereumNews.com.

XRP is showing robust bullish momentum with whale accumulation. The altcoin price has surged by almost 7% in the last 24 hours, suggesting bullishness. XRP is showing an impressive pace, with the whale accumulation being at an all-time high. Institutional involvement in the cryptocurrency market is massive, with XRP whale wallets reaching new heights. Analytics platform Santiment reports that accounts with at least one million XRP tokens have hit a new record of 2,743 wallets. This whale accumulation is 47.32 billion XRP tokens held by large holders, which means increased institutional trust. As per CMC data, the altcoin has increased by 26% in the last seven days, and it is trading at $2.79 as per the market data. Recent performance indicates that XRP increased by 7% in the last 24 hours, clearing out the short positions worth 31.44 million dollars. This price movement is after a long period of consolidation between $1.90 and $2.90 over almost 200 trading days. Whale behaviour is seen by market analysts as a bullish indicator of the fourth-largest cryptocurrency ranking of XRP. The two-fold pattern of the rising number of whales and the rising token holdings indicates the sustainable price dynamics. What’s Next For XRP Price? XRP has been exceptionally bullish, breaking out of its consolidation period at around the support level of $2.00. The altcoin is above both important exponential moving averages, and the 50-day EMA stands at $2.27, higher than the 200-day EMA at $2.13, which indicates a robust upward trend formation. The price action shows a major breakout after a long-term accumulation phase, and XRP is currently facing the important resistance area at $3.04. This level is a significant point that may define the next significant directional move. The set support levels at $2.50 and $2.20 offer good grounds for any possible…

---

Filed under: News - @ July 12, 2025 5:23 pm