Whale Wallets Flood XRP Market, Driving 8% Price Surge

Large-scale investors in XRP have been accumulating significant amounts of the token over the past four days, sparking hopes of a new rally. According to on-chain metrics, approximately 1.54 billion XRP units were acquired by whale wallets during this timeframe.

The estimated value of these purchases totals $2.2 billion, indicating that institutional and high-net-worth holders are taking a strategic stance ahead of a potential larger-scale price breakout.

XRP's market price has already begun to reflect this buying pressure, logging an 8.22% increase across three consecutive trading sessions.

Technical analyst Ali Martinez notes that the asset faces minimal technical resistance in the short term, with the UTXO Realized Price Distribution (URPD) metric suggesting a clear path until reaching the $1.60-per-unit mark.