XRP Whale Accumulation Drives Bullish Momentum

XRP whale accumulation is rapidly intensifying, fueling renewed bullish momentum for the Ripple-associated cryptocurrency. Over the past two weeks, large-scale holders have purchased an impressive 2.2 billion XRP, leading to increased investor optimism and pushing the token past the significant $3 milestone.

Recent market trends show XRP trading at $3.16, marking an impressive 8% gain within a single day and nearly 29% across the past week. These upward movements are heavily attributed to activity from crypto whales, with well-known analyst Ali Martinez revealing that the recent accumulation equates to over $6.6 billion in value at current market rates.

As XRP climbed past the $3 barrier, the broader market experienced a noticeable uptick in interest. The corresponding rise in trading volume, totaling $8.84 billion in the last 24 hours, underscores heightened engagement from investors and traders alike. Notably, multiple whale transactions have been identified throughout this rally phase.

Among these, blockchain monitoring service Whale Alert reported a standout transaction involving 25.5 million XRP — a transfer valued around $73.6 million — directed to Coinbase. At that time, XRP was recorded trading at approximately $2.92. Additional movements include 33 million XRP sent from Upbit to an unidentified recipient, and 40 million XRP transferred between anonymous crypto wallets, reflecting continuing accumulation patterns.

Market observers are now closely watching XRP’s next significant challenge: breaking through its historical high range between $3.30 and $3.35. Cryptocurrency analysts refer to this phase as “price discovery,” where an asset trades beyond all previous valuation thresholds. XRP last entered such a phase back in 2017, making the current levels particularly notable.

According to Galaxy, this milestone is within reach. Should XRP maintain a monthly close above $3.30, bullish sentiment might prevail, paving the way for sustained growth. Chart-focused analyst Ali Martinez echoed this perspective, suggesting that a weekly close above $3 could catapult XRP toward an ambitious $4.80 price target.

Meanwhile, growing investor interest is not limited to spot markets. Data from CoinGlass reveals that open interest in XRP perpetual futures has surged to $9.25 billion — a 15% spike within just 24 hours. This figure reflects 2.93 billion XRP actively engaged in leveraged derivatives, signaling increased market participation and speculative positioning.

Further energizing the XRP market, regulatory approval has been granted for the launch of the ProShares Ultra XRP ETF. Trading under the ticker UXPR, this exchange-traded product is structured to deliver twice the daily performance of XRP. As the first of its kind in the XRP futures space, this new instrument could draw institutional interest and add further momentum to the token’s growth trajectory.

Related: XRP Price: $12M Max Pain for Bears

With a growing number of technical and fundamental catalysts aligning, XRP is now at a pivotal point that could redefine its trading landscape. Whales, open interest expansion, and ETF developments are all converging to lift the market sentiment and drive the cryptocurrency towards exploring new all-time highs.