The price of XRP is holding steady at $2.40, facing persistent resistance at the $2.50 level, despite growing investor interest in XRP. In the last four days, whales have accumulated 320 million tokens (valued at $768 million), while the creation of new addresses soared 226% in 48 hours, according to on-chain analysis data.
The activity from large holders is noteworthy. Addresses holding between 10 million and 100 million XRP increased their holdings by over 320 million tokens. This strategic accumulation by institutional players often precedes market recoveries and underscores confidence in the asset’s outlook.
Likewise, retail interest has resurged. The number of new investor addresses increased by 226% in just two days, reaching 13,514. However, while this indicates growing confidence, the capital participation from these new entrants remains moderate, which has limited the bullish momentum needed for a breakout.
Can whale accumulation push XRP beyond the key barrier?
The recurring challenge for XRP remains the $2.50 level. This resistance has repeatedly capped the asset’s upside potential in recent weeks. The price is currently holding above the crucial $2.36 support. Renewed whale accumulation could help XRP rebound from this support and retest the $2.50 threshold in the coming sessions.
Nonetheless, if the bullish momentum weakens, XRP risks losing the $2.36 support level. A drop below this mark could push the price down to $2.28, which would invalidate the recovery outlook and extend the bearish pressure, affecting confidence in the token’s digital economy.
XRP is at a decisive point. The confluence of investor interest in XRP, from both retail and whales, must translate into sustained buying volume. The asset’s ability to overcome $2.50 will determine its short-term trajectory.
