XRP Accumulation Surges as Whale Wallets Top 300K

The focus keyword XRP accumulation is making headlines as substantial growth in large XRP wallet holdings signals increased confidence among crypto whales. This trend is sparking renewed speculation about major developments within the XRP ecosystem that could significantly impact market sentiment and valuation.

Recent activity suggests a clear build-up in XRP holdings among major investors. According to on-chain data, over 300,000 addresses currently hold more than 10,000 XRP—a figure that underscores growing bullish sentiment from whales and high net-worth players. Analysts interpret this surge as a strategic positioning ahead of potential catalytic events within the Ripple environment.

This uptick in XRP accumulation has ignited rumors about two key developments. One is the possible launch of a dedicated XRP ETF—a move that could channel greater institutional capital into the token’s ecosystem. There’s speculation that approval odds from the SEC stand at 90%, which, if realized, would usher in a wave of new market participation and price movement.

An equally pivotal trigger would be the final ruling in the ongoing lawsuit between Ripple and the SEC. Although both parties appear to have reached a settlement, the judgment awaits court confirmation. Resolving this case could remove a major cloud of uncertainty and potentially act as a bullish driver for XRP’s future performance.

Supporting this narrative, on-chain analyst Ali Martinez noted that wallet addresses holding between 10 million to 100 million XRP acquired nearly 900 million tokens in the past month. These figures further confirm that big players are positioning themselves for an upswing, prompted by increased clarity and possible regulatory breakthroughs.

The optimistic stance among investors is also reflected in trading behavior. Binance futures data shows that about 71.54% of traders with open XRP positions are leaning bullish. This mirrors broader sentiment across the market and adds weight to the idea that XRP could be on the cusp of a major move upward.

Chart analysts are also chiming in on what lies ahead for XRP. The well-known analyst Dark Defender pointed out in recent commentary that the token recently pulled back from resistance between $2.20 and $2.36, returning to the $2.13 mark. Despite this dip, the analyst remains confident, suggesting that XRP is in the last stages of its correction phase.

His forecast includes a five-wave breakout pattern that could propel XRP to new milestones. The first wave is predicted to reach $3, with subsequent waves aiming for $4.40 and $6.30. Importantly, the $4.40 level would surpass XRP’s previous all-time high. However, Dark Defender adds a note of caution, identifying $1.88 as a critical support level to monitor for potential downside risks.

At the time of writing, XRP is trading around $2.12, representing a 2% decline over the past 24 hours. Despite this minor setback, momentum remains with the bulls, largely fueled by sustained XRP accumulation, enthusiastic market sentiment, and speculation around ETF prospects and legal resolution.

This broader context of strategic whale movements, bullish trader behavior, and impending milestones makes XRP accumulation the center of attention in the cryptocurrency market. Whether through regulatory clarity or product innovation, the ongoing consolidation may position XRP for a significant breakout in the months ahead.

Related: Expert Advice: Sell XRP If You’re Confused