$2 Billion XRP Buying Spree Fuels Hopes for $2 Mark

Large investors have been buying up XRP at an unprecedented rate, absorbing approximately $2.2 billion worth of tokens in just 96 hours.

This massive purchasing spree has driven the price of XRP higher, with some analysts even forecasting a possible break above the $1.55 resistance level and potentially reaching the psychological $2 mark.

According to data from Santiment, the supply distribution chart for XRP shows a sharp surge in holdings among whale addresses, with combined balances breaking out of a prolonged plateau and surging toward peak levels.

The buying demand has been so aggressive that it's fully absorbing massive volumes of incoming liquidity on exchanges like Binance, with tokens being rapidly withdrawn from exchanges to cold wallets for long-term holding, reducing selling pressure and limiting the risk of sudden sell-offs.